Cimarex Energy Co. will spend $1.4-1.6 billion on capital expenditures (capex) in fiscal 2012, with nearly all of it devoted to drilling for oil and natural gas liquids (NGLs) in the Permian Basin and the Cana-Woodford Shale, company officials said Wednesday.
Articles from Shares
Shares of Corridor Resources Inc. took a pounding on Wednesday after the company announced it has so far been unsuccessful in finding a joint venture (JV) partner to help develop its prospect in the emerging Frederick Brook Shale.
Chesapeake Energy Corp.’s shares fell more than 5% in midday trading Friday as investors expressed their dismay at the company’s third quarter earnings report, which indicated rising debt levels and continued heavy spending in the U.S. onshore.
China’s largest producer, Sinopec International Petroleum Exploration and Production Corp., is grabbing access to Canada’s unconventional plays in northeastern British Columbia and the Deep Basin of Alberta through a C$2.2 billion cash deal with Calgary’s Daylight Energy Ltd.
Shares of Kodiak Oil & Gas Corp. took a nosedive on Tuesday, allegedly over concerns that the Denver-based independent energy company may be facing liquidity concerns.
U.S. Department of Energy (DOE) Secretary Steven Chu described an initial report on hydraulic fracturing (fracking) as “practical, thoughtful and insightful,” and said he would work with other officials in the Obama administration to set a course for future shale gas development.
Privately held Kinder Morgan Inc. will go public Friday (Feb. 11), raising as much as $2.3 billion by selling 80 million shares of common stock, the company said Thursday. In connection with the initial public offering (IPO), parent Kinder Morgan Holdco LLC will be renamed Kinder Morgan Inc. and converted from a Delaware limited liability company to a Delaware corporation.
Privately held Kinder Morgan Inc. will go public Feb. 11, raising as much as $2.3 billion by selling 80 million shares of common stock, the company said Thursday. In connection with the initial public offering (IPO), parent Kinder Morgan Holdco LLC will be converted from a Delaware limited liability company to a Delaware corporation.
Less than two months after gaining a financially able partner to develop some of its Marcellus Shale acreage, Gastar Exploration Ltd. on Wednesday said it would buy another 59,000 net acres in the WestVirginia portion of the play.