Returns

More E&Ps Expected to Achieve Free Cash Flow in 2018 Despite ‘Death of Cheap Money’

More E&Ps Expected to Achieve Free Cash Flow in 2018 Despite ‘Death of Cheap Money’

An evolving strategic focus on capital discipline by U.S. onshore exploration and production (E&P) companies that began quietly within the last couple of years is expected to become far more widespread in 2018, with nearly half of a sampled group of independent producers — mostly in the Permian Basin — generating free cash flow (FCF) in 2018, according to BTU Analytics.

February 26, 2018

Louisiana’s Terryville Complex ‘On Par With, if Not Superior’ to Appalachia, Analysts Say

Investors looking for an alternative to the much celebrated Appalachian Basin might turn their gaze to North Louisiana and the Cotton Valley Sands formation’s Terryville Complex, where the acreage and plans of newly public Memorial Resource Development (MRD) have analysts talking about “potentially superior” returns.

July 8, 2014
Chevron, Cimarex Expand Delaware Basin Opportunities

Chevron, Cimarex Expand Delaware Basin Opportunities

Chevron Corp. will gain access to some needed infrastructure to develop a portion of its one million-acre leasehold in the Permian Basin in West Texas, and Cimarex Energy Co. will have expanded opportunities in a key Texas county under a joint agreement.

June 26, 2013
Wyoming Landowner Group Seeks E&P Rule Revisions

Wyoming Landowner Group Seeks E&P Rule Revisions

A landowner coalition, the Powder River Basin Resource Council, has petitioned Wyoming energy officials to revise rules pertaining to oil and natural gas development.

May 24, 2013

Williams ‘Marcellus/Utica or Bust’ Strategy Pressuring Pipeline Unit

Energy infrastructure giant Williams, whose pipeline partnership holds a bundle of huge natural gas and liquids operations in the Northeast, expects to see “full ethane rejection” through 2015, which will lead to “near-term headwinds” for the unit, CEO Alan Armstrong said Wednesday.

May 9, 2013
Cabot Production Up, Considering Sixth Marcellus Rig in Fall

Cabot Production Up, Considering Sixth Marcellus Rig in Fall

A surprise increase in natural gas prices could allow Cabot Oil & Gas Corp. to deploy a sixth drilling rig in the Marcellus Shale by the fall, helping the company accelerate its plans for pad drilling and move more primary term acreage into production.

April 26, 2013

BLM’s Fracking Rule Found Costly to Producers, States

Complying with the Bureau of Land Management (BLM) proposed hydraulic fracturing (fracking) rulemaking for drilling on public lands would cost as much as $180,250/well, or $370 million annually, according to economists with Oklahoma City University (OCU).

April 5, 2013
DJ Basin Independent Hitting on All Wells, Forms JV

DJ Basin Independent Hitting on All Wells, Forms JV

During its second fiscal quarter, which ended Feb. 28, Platteville, CO-based independent Synergy Resources Corp. continued its 100% success rate in the Wattenberg Field in the Denver-Julesberg (DJ) Basin. Synergy recently struck a joint venture (JV) agreement in the DJ Basin as well.

March 12, 2013

Marcellus Is Still Golden Child Among Cabot’s Plays

Despite a year of languishing natural gas prices, Cabot Oil & Gas Corp. annual revenues for the first time surpassed $1 billion in 2012. Cash flow set records as proved reserves grew by 27% to 3.8 Tcf on organic growth that replaced 417% of record production. The Marcellus Shale gave much despite infrastructure challenges.

February 25, 2013

Cabot, Southwestern Thrive in Marcellus

Dry gas producers have been a victim of their own success, but they’re still making their way in a glutted market. The Marcellus Shale is throwing off decent returns and plenty of gas.

February 25, 2013
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