Quarter

Hess May Use Asset Sale Proceeds to Fund More Bakken Rigs in 2018

In the wake of announcing back-to-back deals this week to sell overseas assets for a combined $2.65 billion, Hess Corp. said it plans to use the sales proceeds to reduce its debt and possibly deploy two additional rigs next year in the Bakken Shale, its largest operated growth asset.

October 25, 2017
Range Readying More Appalachian Takeaway, but ‘Sweet Spot Exhaustion’ Setting In

Range Readying More Appalachian Takeaway, but ‘Sweet Spot Exhaustion’ Setting In

Range Resources Corp. is nearing an “inflection point” in the Appalachian Basin, where its remaining natural gas pipeline capacity is set to come online in the next few months that will find it ramping up production before settling into a more methodical development pace, management said Wednesday.

October 25, 2017
Uncertainty on E&P Plans, Pricing Casting ‘Pall’ Over Industry, Says Superior CEO

Uncertainty on E&P Plans, Pricing Casting ‘Pall’ Over Industry, Says Superior CEO

Houston-based Superior Energy Services Inc., which makes its mark in the U.S. onshore with its pressure pumping services and specialized drilling, said a lack of direction regarding overall spending plans by producers and “supply chain stress” have created some uncertainty about the outlook for 2018.

October 24, 2017
Permian Pure-Play E&Ps Report Increased Production, Lower Operating Costs

Permian Pure-Play E&Ps Report Increased Production, Lower Operating Costs

Four pure-play exploration operators in the Permian Basin reported increasing production in the second quarter, especially for oil, while successfully batting down lease operating expenses (LOE).

August 8, 2017
Southwestern Anticipates Better NatGas Prices With FERC Quorum

Southwestern Anticipates Better NatGas Prices With FERC Quorum

Southwestern Energy Co., one of Appalachia’s largest natural gas producers, expects Northeast basis differentials to improve now that the Federal Energy Regulatory Commission quorum has been restored and a path has been cleared to get more pipeline projects approved and built, management said.

August 7, 2017

Cabot Keeping Close Eye on Commodity Prices, Pipeline Projects

Cabot Oil & Gas Corp. is forecasting a slight decline in sequential production during the third quarter and weaker realized prices, but management still expects growth as the company exits the year and heads into 2018, when more takeaway capacity could help to double its Marcellus Shale production.

July 28, 2017

Encana Ups Production Guidance as Core Assets in Texas, Canada Outperform

Encana Corp. has upped its 2017 production guidance on the strength of second quarter results from its core assets in Texas and Western Canada, management said.

July 24, 2017
Enbridge Mulling $1B Expansion Targeting Montney/Duvernay NatGas

Enbridge Mulling $1B Expansion Targeting Montney/Duvernay NatGas

Growing natural gas production from the Montney and Duvernay shales has Enbridge Inc. planning an expansion of its British Columbia Pipeline T-South system to deliver 190 MMcf/d into the Huntingdon/Sumas market at the Canadian-U.S. border.

May 12, 2017

1Q Losses Climb, Production Drops at EV Energy Partners

First quarter losses at Houston-based EV Energy Partners LP (EVEP) grew from a year ago while production declined on decreased drilling activity.

May 10, 2017

Plains All American Looking to Permian For Volume Growth

Natural gas liquids (NGL) margins dinged the first quarter results of Plains All American Pipeline LP, but increasing producer activity, particularly in the Permian Basin, bodes well for growing transportation volumes later this year, the partnership said.

May 10, 2017