Spending

Canadian E&P Spending Seen Contracting, but Natural Gas Outlook Positive

Canadian E&P Spending Seen Contracting, but Natural Gas Outlook Positive

Oil and natural gas investment will shrink by as much as 25% in Canada’s top producer province this year, the Alberta Energy Regulator (AER) said in its annual review.

June 10, 2020
SM Energy’s Permian, Eagle Ford to See Lower Activity, Capex on Uncertainty from Coronavirus

SM Energy’s Permian, Eagle Ford to See Lower Activity, Capex on Uncertainty from Coronavirus

Denver-based SM Energy Co., whose Texas-centered operations plow the Eagle Ford Shale and Midland formation of the Permian Basin, said Wednesday it has reduced spending and activity to the rest of the year, with guidance uncertain because of the Covid-19 pandemic.

April 29, 2020
Noble Cuts More Lower 48 Capex; More Closures, Layoffs as Pandemic Disrupts Energy Markets

Noble Cuts More Lower 48 Capex; More Closures, Layoffs as Pandemic Disrupts Energy Markets

One month after it cut expenditures by almost one-third, Houston’s Noble Energy Inc. has joined a growing group of peers in reducing even more spend, with the hit mostly to U.S. onshore operations, while it furloughs employees and cuts salaries in response to the never-ending impacts from the Covid-19 pandemic and sharp decline in oil and gas demand.

April 15, 2020
BP Cutting Capex by 25%, Deferring Projects, but No Layoffs for Three Months

BP Cutting Capex by 25%, Deferring Projects, but No Layoffs for Three Months

BP plc on Wednesday cut capital spending for 2020 by one-quarter, with the Lower 48 exploration budget sliced by half as the supermajor defends itself from the global pandemic and low oil prices.

April 1, 2020
BP Cutting Capex by 25%, Deferring Projects, but No Layoffs for Three Months

BP Cutting Capex by 25%, Deferring Projects, but No Layoffs for Three Months

BP plc on Wednesday cut capital spending for 2020 by one-quarter, with the Lower 48 exploration budget sliced by half as the supermajor defends itself from the global pandemic and low oil prices.

April 1, 2020
Dallas Fed Energy Survey Confirms ‘Overwhelmingly’ Bleak Conditions in Texas, Louisiana and New Mexico

Dallas Fed Energy Survey Confirms ‘Overwhelmingly’ Bleak Conditions in Texas, Louisiana and New Mexico

Oil and natural gas activity in Texas, southern New Mexico and northern Louisiana fell off a cliff in the first three months of the year, unsurprising news from the Federal Reserve Bank of Dallas.

March 25, 2020
Deluge of North American E&Ps, OFS Operators Slash Spending as Demand Crushed from Coronavirus

Deluge of North American E&Ps, OFS Operators Slash Spending as Demand Crushed from Coronavirus

Chevron Corp. led the way by oil and natural gas producers on Tuesday in announcing huge cuts to capital spending this year, with Marcellus Shale operator Antero Resources Inc. and Permian Basin-focused Laredo Petroleum Inc. also pulling back as the North American energy industry attempts to regroup amid a pandemic and an oil price war.

March 24, 2020

Montage Slashing Appalachia Spending by 44%

Montage Resources Corp. has joined its Appalachian peers by announcing it will cut capital spending this year by nearly 50% from the midpoint of 2019 guidance.

February 5, 2020

Montage Slashing Appalachia Spending by 44%

Montage Resources Corp. has joined its Appalachian peers by announcing it will cut capital spending this year by nearly 50% from the midpoint of 2019 guidance.

February 5, 2020

Montage Slashing Appalachia Spending by 44%

Montage Resources Corp. has joined its Appalachian peers by announcing it will cut capital spending this year by nearly 50% from the midpoint of 2019 guidance.

February 5, 2020
‹ Previous 1 2 3 18