Wells Fargo Securities analysts last week increased their outlook for natural gas prices to reflect 2Q2013 average pricing. They also expect to see “slightly increasing” gas output as badly needed infrastructure in the Marcellus, Utica and Eagle Ford shales comes online.
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API, Groups Ask Court to Stay SEC Disclosure Rule
The American Petroleum Institute (API) and a coalition of business groups have asked the appellate court in Washington, DC, to stay the Securities and Exchange (SEC) mandate requiring producers to publicly report how much they pay governments for access to oil, natural gas and minerals.
Pioneer Beat 1Q Production Guidance With Liquids-Rich Trio
Pioneer Natural Resources Co.’s Eagle Ford Shale play is “hitting on all cylinders,” and in the liquids-rich Barnett Shale combo play, well costs are declining, COO Timothy Dove said during an earnings conference call.
Appeals Court Rejects Industry Challenge of SEC Reporting Rule
A federal court of appeals in Washington, DC, Friday dismissed an industry challenge to a Securities and Exchange Commission (SEC) rule requiring producers to publicly report how much they pay governments for access to oil, natural gas and minerals.
Court Rejects Industry Challenge of SEC Reporting Rule
A federal court of appeals in Washington, DC, Friday dismissed an industry challenge to a Securities and Exchange Commission (SEC) rule requiring producers to publicly report how much they pay governments for access to oil, natural gas and minerals.
Rosetta: Spending, Producing More After Permian Acquisition
Rosetta Resources Inc. has raised its 2013 guidance for spending and production and increased its borrowing base in light of its pending acquisition of Permian Basin assets announced last month.
Wells Fargo Raises Natural Gas Price Forecast
Energy analysts with Wells Fargo Securities LLC on Wednesday increased their natural gas price forecasts for 2013 and 2014 and cut estimates for 2015.
Chesapeake: SEC Investigation Continuing
A federal investigation into Chesapeake Energy Corp. and outgoing CEO Aubrey McClendon is continuing, according to a regulatory filing Friday.
Industry Briefs
A federal investigation into Chesapeake Energy Corp. and outgoing CEO Aubrey McClendon is continuing, according to the Securities and Exchange Commission (SEC), which informed the company on Dec. 21 that its Fort Worth, TX regional office “has issued subpoenas for information and testimony.” In the SEC 10-K filing, Chesapeake said it is “also responding to related inquiries from other governmental and regulatory agencies and self-regulatory agencies.” Chesapeake in May received notice from the SEC of an informal inquiry “into, among other things, certain of the matters alleged” in some lawsuits regarding McClendon’s financial transactions (see NGI, May 7, 2012).
Eagle Ford Drove Double-Digit Growth at Rosetta
Rosetta Resources Inc. said it achieved double-digit growth in production and proved reserves while it “significantly reduced” well costs during 2012. The company said it replaced 472% of production from all sources at a reserve replacement cost of $10.03/boe.