West Texas explorer Parsley Energy Inc. joined a growing chorus of Permian Basin operators in announcing it will reduce development activity in 2019 because of a “less favorable commodity price environment.”
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In keeping with a long-term goal to reduce nuclear and natural gas-fired power generation, San Francisco-based Pacific Gas and Electric Co. (PG&E) has begun to wind down its reliance through distributed renewable and energy efficiency projects in Oakland.
Department of Interior (DOI) Secretary Ryan Zinke said he believes the Bears Ears National Monument in southeast Utah should be reduced in size.
Denver-based SM Energy Co. has hired Petrie Partners to sell noncore assets in the Williston Basin’s Bakken Shale to focus additional capital on the Permian Basin and Eagle Ford Shale. According to the company, about 54,500 net acres are being marketed, consisting of the Raven/Bear Den acreage and leases outside the Divide County, ND, development.
The best customers are getting the best prices for services in the U.S. onshore, but those price breaks are cutting sharply into revenues for privately held companies, a new survey has found.
Halliburton Co. confirmed Thursday that base salaries and bonuses for senior management have been reduced, while annual pay increases for the entire workforce have been suspended to contend with the current market decline.
North Carolina regulators have granted Duke Energy Corp. a certificate of public convenience and necessity to construct two 280 MW natural gas-fired combined cycle units in Buncombe County near Asheville, NC.
In a sign of just how grim the commodity price environment has become — and how long it’s expected to last — ConocoPhillips cut its quarterly dividend for the first time in at least 25 years on Thursday, while also dropping 10 rigs and slashing capital expenditures (capex) for 2016 as it looks to maintain its balance sheet without racking up additional debt.
Houston-based independent Southwestern Energy Co., which only develops natural gas in North America, is one of the initial partners in a multinational coalition of producers that Tuesday committed to slash methane emissions as part of a strategy to tackle climate change by the United Nations (UN).
The White House climate action plan, announced in a speech Tuesday, comes down hard on coal-fired power plants, pledges continued support for the development and use of non-polluting renewable energy and promotes “cleaner-burning natural gas” as a bridge to a clean future.