Newfield Exploration Co. Thursday raised its 2011 capital budget to $1.9 billion from $1.7 billion set at the beginning of the year. The increase largely relates to leasing in “an undisclosed resource play,” said CEO Lee Boothby during a conference call with financial analysts.
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Newfield Hikes Spending for ‘Undisclosed’ Play, Costs
Newfield Exploration Co. Thursday raised its 2011 capital budget to $1.9 billion from $1.7 billion set at the beginning of the year. The increase largely relates to leasing in “an undisclosed resource play,” said CEO Lee Boothby during a conference call with financial analysts.
FBR Capital Lifts 2011 Gas Price Outlook
Energy analysts with FBR Capital Markets raised their forward natural gas price forecast in the second half of 2011 to $5.50/Mcf from $4.50.
FBR Capital Lifts Gas Price Outlook
Energy analysts with FBR Capital Markets have raised their forward natural gas price forecast in the second half of 2011 to $5.50/Mcf from $4.50.
Chilton Pushes CFTC to Work on Position Limits Rule
Members of the Commodity Futures Trading Commission (CFTC) Wednesday raised doubts about whether the agency will be able to meet deadlines for imposing position limits as required under the Dodd-Frank Wall Street Reform Act.
House Republican Questions MMS Role in Gulf Explosion, Spill
The top Republican on a House subcommittee has raised questions about whether the Interior Department “improperly awarded safety certifications to BP, Transocean and the Deepwater Horizon rig,” which exploded on April 20 and led to a major oil spill in the Gulf of Mexico that is quickly becoming one of the most significant environmental disasters in recent history (see related story).
Senator Raises Concerns About Tetco Project Following Connecticut Blast
Following the deadly explosion at a natural gas-fired power plant under construction in Connecticut Sunday, Sen. Frank R. Lautenberg (D-NJ) has raised concerns about a Texas Eastern Transmission (Tetco) proposed pipeline expansion that he says would be built through New Jersey to primarily benefit New York.
Senator Raises Concerns About Tetco Project Following Connecticut Blast
Following the deadly explosion at a natural gas-fired power plant under construction in Connecticut Sunday, Sen. Frank R. Lautenberg (D-NJ) has raised concerns about a Texas Eastern Transmission (Tetco) proposed pipeline expansion that he says would be built through New Jersey to primarily benefit New York.
El Paso Increases Unproved Reserves 44% in 2009
El Paso Corp. raised its total unproved natural gas and oil reserves by an estimated 44% in 2009 from year-end 2008 levels, with most of the gains coming from the Haynesville and Eagle Ford shales, the Houston-based company reported Tuesday.
El Paso Increases Unproved Reserves 44% in 2009
El Paso Corp. raised its total unproved natural gas and oil reserves by an estimated 44% in 2009 from year-end 2008 levels, with most of the gains coming from the Haynesville and Eagle Ford shales, the Houston-based company reported Tuesday.