Quarter

Marathon Oil Corp. staffers wasted no time in locking down the company’s latest acquisition in the Sooner Trend of the Anadarko Basin (mostly in Canadian and Kingfisher counties) which producers refer to as the STACK. Oklahoma will be getting a lot of attention from the company in the months ahead, executives said Thursday.

Apache Corp.’s legacy Permian Basin portfolio is still churning out the hits after the operations team produced the best-ever well in history in the Delaware play during the second quarter.

Rex Energy Corp. continued to make progress on a series of balance sheet initiatives to shore up its liquidity during the second quarter, while it steadily drilled acreage in Pennsylvania to hold it by production and made in-roads in the Utica Shale.

The Rockies Express Pipeline LLC (REX) Zone 3 Capacity Enhancement Project is set to begin service before the end of 2016, management for Tallgrass Energy Partners LP told investors during its quarterly conference call Wednesday.

Utica Shale heavyweight Gulfport Energy Corp. is getting ready to come off the sidelines, offering a bullish assessment Thursday on the natural gas market that has it pivoting from what management thought would be a year of activity reductions to setting up for a six to eight-rig program in 2017.

QEP Resources Inc. continues transitioning to an oilier production mix, with the exploration and production (E&P) company planning to add rigs in the Permian Basin by the end of 2016.

Williams cut its quarterly dividend to 20 cents from 64 cents and outlined plans to strengthen its balance sheet and credit profile as it builds out large-scale infrastructure to capitalize on growing demand for natural gas.

After posting capital spending and production declines during the second quarter, Hess Corp. now plans to wait on $60/bbl oil and signs of a continued price recovery before ramping up activity again.

Responding to declining revenues amid continued commodity price pressures, Baker Hughes Inc. (BHI) looked to cut costs during the second quarter, including 3,000 layoffs as part of an organizational overhaul.