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Cimarex: More Oil, NGL Production in 2012

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.

February 17, 2012

Failure to Find JV Partner Sends Corridor Stock Plummeting

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.

December 22, 2011

Chesapeake’s CEO Queried on Rising Debt, High Spending

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.

November 7, 2011

Sinopec Takes Stake in Canada’s Unconventional Gas Patch

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.

October 11, 2011

Kodiak Shares Plummet Briefly Over Possible Liquidity Fears

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.

October 7, 2011

Energy Secretary Lauds ‘Practical’ Fracking Report

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.

August 22, 2011

Range Resources to Begin 2012 With New CEO

Range Resources Corp. President Jeffrey L. Ventura is slated to become CEO of the company Jan. 1 when current CEO John H. Pinkerton will become executive chairman, the Marcellus Shale-focused producer said Monday.

June 28, 2011

Kinder Morgan to Go Public This Week

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.

February 7, 2011

Kinder Morgan to Go Public Feb. 11

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.

February 4, 2011

Gastar Buys More West Virginia Acreage

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.

November 11, 2010