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Ultra Petroleum Looking For 25% Growth in Post-Chapter 11 Era

Having completed bankruptcy restructuring, Ultra Petroleum has “reached the inflection point of production” and expects 25% volume growth between 1Q2017 and 4Q2017 and 25% annual growth in 2018, according to CEO Michael Watford.

May 9, 2017

Encana’s U.S. E&P Chief Out

Encana Corp., in the midst of a strategic review of its North American onshore business, on Tuesday announced an organizational restructuring following the retirement of formerly key executives.

October 2, 2013

BLM Targeted for Lawsuit by Conservation Groups

A coalition of conservation groups on Thursday filed a 60-day notice of intent to sue the federal Bureau of Land Management (BLM) over its amending of 10 resource management plans (RMP) earlier this year to open more than 800,000 acres for future oil shale and tar sands leasing.

May 28, 2013

Block on Moniz Nomination ‘Old-Fashioned Pork-Barrel Politics’

Edwin Lyman, a senior scientist with the Union of Concerned Scientists (UCS), Wednesday blasted South Carolina’s two Republican senators for blocking and objecting to the Senate confirmation of Ernest J. Moniz as secretary of the Department of Energy (DOE) to protect a nuclear fuel facility in their home state.

May 9, 2013

LNG Exports to Bolster Gulf Storage Assets, Sempra Says

While reiterating that brownfield liquefied natural gas (LNG) export projects are likely to get U.S. regulatory approvals, Sempra Energy senior executives told financial analysts Thursday that the company’s natural gas storage infrastructure in the Gulf of Mexico (GOM) region is going to be more valuable when the export facilities start operating.

May 6, 2013

Eagle Ford-Focused Rosetta Set Production Record Last Year

The Eagle Ford Shale continued to drive results for Houston-based Rosetta Resources Inc. last year, leading the company to record production, reserves and cash flow.

February 28, 2013

Northwest in Doldrums; Growth Slow for Avista

With significantly reduced profits for 4Q2012 and all of last year, Spokane, WA-based Avista Corp. senior management pledged Wednesday to better manage costs at its utility and related operations, and to push for more growth initiatives this year, including the spread of natural gas for use in transportation.

February 22, 2013

Southeastern U.S. Could be Growth Area for Gas Assets

Since its analyst meeting early last year, Sempra Energy senior management has signaled that its newly designated U.S. Gas & Power (USGP) unit was intent on moving away from merchant power assets in the West and deploying more capital in the Southeast to support its gas infrastructure strategy. USGP maintains a regional headquarters in Greenville, SC.

January 7, 2013

Sempra Energy: Growing Gas Presence in Gulf Area

Since its analyst meeting early last year, Sempra Energy senior management has signaled that its newly designated U.S. Gas & Power (USGP) unit was intent on moving away from merchant power assets in the West and deploying more capital in the Southeast to support its gas infrastructure strategy. USGP maintains a regional headquarters in Greenville, SC.

January 4, 2013

Baker: Fewer Emissions, Less Fuel Needed for Bifuel Fracking Units

Baker Hughes Inc. is reporting positive results from a program to convert a fleet of its North American hydraulic fracturing (fracking) units to bifuel pumps that use a mix of natural gas and diesel, the oilfield services operator said Monday.

November 27, 2012
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