Reduce

Parsley Joining Peers, Reducing Permian Activity in 2019 on Falling Oil Prices

Parsley Joining Peers, Reducing Permian Activity in 2019 on Falling Oil Prices

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.”

December 20, 2018

PG&E Pursuing California Power Project Sans Natural Gas

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.

February 13, 2018
Zinke Recommends Shrinking Utah’s Bears Ears National Monument

Zinke Recommends Shrinking Utah’s Bears Ears National Monument

Department of Interior (DOI) Secretary Ryan Zinke said he believes the Bears Ears National Monument in southeast Utah should be reduced in size.

June 14, 2017

Briefs — SM Energy

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.

October 5, 2016

Private OFS Operators Holding On With Price Breaks, Layoffs, Compensation Cuts

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.

April 1, 2016
Halliburton Reduces Exec Salaries, Cancels Annual Workforce Pay Hikes

Halliburton Reduces Exec Salaries, Cancels Annual Workforce Pay Hikes

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.

March 10, 2016

Duke Gets OK in NC to Build 560 MW of Gas-Fired Capacity to Replace Coal Units

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.

March 1, 2016
ConocoPhillips’ Rare Dividend Cut Confirms Commodity Prices Bad, Could Linger

ConocoPhillips’ Rare Dividend Cut Confirms Commodity Prices Bad, Could Linger

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.

February 4, 2016

Southwestern Energy Joins IOCs to Reduce Methane Emissions

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).

September 23, 2014

Obama Cracks Down on Coal, Supports NatGas ‘Bridge’

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.

June 26, 2013
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