Realizations

‘Nothing’ Off the Table to Lift Value, Says Devon CEO

‘Nothing’ Off the Table to Lift Value, Says Devon CEO

Devon Energy Corp.’s North American onshore oil production jumped year/year 20% in 2012 as it continued to makeover its natural gas-weighted portfolio to higher margin liquids and oil targets, but more still needs to be done to squeeze the value of its portfolio, CEO John Richels said Wednesday. Oil appears to be the answer, and dry natural gas development still is off the table.

February 22, 2013

ExxonMobil Output Slumps, Chevron’s Strengthens

ExxonMobil Corp.’s profits climbed 6% year/year in 4Q2012, with annual earnings jumping 9%, despite a steep fall-off in global natural gas and oil production, the supermajor reported on Friday. Until natural gas prices are revived, the producer will direct most of North American unconventional spending on liquids and oil, the investor relations chief said Friday.

February 4, 2013

Eagle Ford, Bakken, Haynesville Grew SM Energy Production

SM Energy Co. grew proved reserves by 27% last year to 984.5 Bcfe at year-end compared to 772.2 Bcfe at the end of 2009, the company said Tuesday.

January 28, 2011

Apache’s North American Gas Output Grows But Profit Down

Apache Corp. reported a 5% decline in quarterly profit Thursday, but the Houston-based independent showed gains on natural gas price realizations and an healthy increase in U.S. and Canadian gas production.

October 29, 2007