Quarter

Midland, TX-based Ring Energy Inc. grew production 11% year/year in the fourth quarter as it continued its shift to horizontal drilling in the Permian Basin’s Central Basin Platform (CBP).

Once it finishes drilling to hold acreage this year in Ohio and Western Pennsylvania, Rex Energy Corp. said Wednesday it may begin targeting more natural gas liquids (NGL) production in 2018 following a bump in prices during the fourth quarter.

Southwestern Energy Co. is gearing back up for 2017, preparing to deploy more capital, keep rigs running and further delineate its position in Appalachia and Arkansas after a slow 2016 in which its rigs were idled for most of the year and the balance sheet was the primary focus.

On Thursday, Jay Ottoson, CEO of Denver-based SM Energy Co., said that following a transformative 2016, the independent producer will “shrink to grow” this year.

Global completions expert Superior Energy Services Inc. is reactivating pressure pumping equipment and relocating business to the Permian Basin from Pennsylvania as onshore activity in West Texas and southern New Mexico continues to escalate.

Spectra Energy Partners LP’s Access Northeast project has been in a regulatory/contracting holding pattern since late last year, but the company said Friday that New England needs the natural gas the Algonquin Gas Transmission LLC expansion would deliver and it remains committed to the project.

For 2017 Marathon Oil Corp. plans to spend where it can get the highest returns: its leading U.S. resource plays in Oklahoma, Texas and North Dakota.

Onshore contract driller expert Patterson-UTI Inc. reactivated two fracture spreads during the fourth quarter and began rehiring crews, as more rig equipment moved off the stacks and back to work in the oil and natural gas fields.

In a continuing sign that things are beginning to move in a positive direction for the oil and gas markets — at least in the onshore — National Oilwell Varco Inc. (NOV) booked an order during 4Q2016 to manufacture 75,000 hydraulic hp of fracture stimulation pumps and associated support equipment for an independent oilfield services provider, the Houston-based company said Tuesday.