Raise

Newfield Raises Capital Budget as Anadarko Basin Education Continues

Newfield Exploration Co. is planning to learn a lot this year in the Anadarko Basin, allocating about 85% of a slightly larger capital budget to Oklahoma’s stacked plays with a number of goals in mind.

May 3, 2017

S&P Sees Promise in Chesapeake Going Forward

Standard & Poor’s Ratings Services (S&P) on Friday revised its outlook for Chesapeake Energy Corp. to “stable” from “negative,” citing new CEO Doug Lawler as part of the reason. The former Anadarko Petroleum Corp. executive took over in June (see Shale Daily, May 21).

July 29, 2013

Five Injured in West Virginia Gas Well Explosion

Five people were injured after a Marcellus Shale gas well owned by Antero Resources exploded in Doddridge County, WV, on Sunday morning.

July 9, 2013
Warburg-Backed Antero Files $1B IPO

Warburg-Backed Antero Files $1B IPO

Privately held Antero Resources Corp., which has all of its chips in the Appalachian Basin, plans to raise $1 billion through an initial public offering (IPO) of some of its stock on the New York Stock Exchange, it said in a filing with the Securities and Exchange Commission (SEC). The operator also has increased capital spending plans for the year.

June 17, 2013

Kinder Poised for LNG Exports

Kinder Morgan Inc. (KMI) subsidiaries propelled the midstream giant to big profits during the first quarter of 2013, allowing it to raise the quarterly dividend 19% and aligning it for more than $12 billion of expansion and joint venture (JV) projects across North America.

April 22, 2013

KMI Rakes in 1Q Profits, Offers Thoughts on LNG Exports

Subsidiaries of Kinder Morgan Inc. (KMI) propelled the company to big profits during the first quarter of 2013, allowing it to raise its quarterly dividend 19% and aligning it for more than $12 billion of expansion and joint venture (JV) projects across North America.

April 19, 2013

Kinder Morgan Subsidiaries Help Company Rake in 1Q Profits

Subsidiaries of Kinder Morgan Inc. (KMI) propelled the company to big profits during the first quarter of 2013, allowing it to raise its quarterly dividend 19% and aligning it for more than $12 billion of expansion and joint venture (JV) projects across North America.

April 19, 2013

Industry Brief

Spokane, WA-based Avista Utilities on Wednesday gained approval Wednesday from Idaho regulators to raise its retail natural gas utility rates 5.2% this year with the bulk of the hike effective Monday. Retail electric rates for the combination utility will stay unchanged until Oct. 1 when a 1.9% power utility retail rate increase will start, according to the Idaho Public Utilities Commission (PUC). The rate changes are part of a settlement the PUC approved, dividing the gas hike into two parts: 4.9% effective Monday and 0.3% held until Oct. 1. Avista originally had proposed a 7.2% gas rate increase overall, and a 4.6% electric rate hike for Monday. The settlement precludes a separate base rate settlement from becoming effective until Jan. 1, 2015, the PUC said.

April 1, 2013

Xcel to Increase Colorado NatGas Generation, Charges

Minneapolis-based Xcel Energy Inc. on Friday filed with Colorado regulators plans to raise retail natural gas utility rates while keeping retail electricity charges basically flat. Xcel’s combination Public Service Company of Colorado asked to make the rate changes effective April 1.

March 20, 2013

Devon Energy Selling TMS, Utica Assets

Devon Energy Corp. is selling its assets in the Tuscaloosa Marine Shale (TMS) and the Utica Shale, in an effort to raise new venture capital and focus on opportunities in the Permian Basin, Mississippian Lime and the Niobrara formation.

February 4, 2013
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