Street

BreitBurn Energy Partners LP is adding to its Permian Basin portfolio after agreeing to pay about $860 million for stakes in Whiting Petroleum Corp.’s Postle and North East Hardesty oilfields in Oklahoma.

Forest Oil Corp. continues to step up its activity in the Eagle Ford Shale of South Texas with the aid of a recently struck joint venture while it expands activity in the Texas Panhandle. East Texas results remain consistent and predictable, and the company is developing a new oil project in the area, said CEO Patrick R. McDonald.

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.

Anadarko Petroleum Corp. is doing “a lot” of experimentation in the U.S. onshore to determine how best to drill unconventional wells to ensure optimized estimated ultimate recoveries (EUR). What the management knows for sure is that the bigger the hydraulic fractures (fracks) the more a well can recover, said CEO Al Walker.

Two major Dodd-Frank Wall Street regulatory reforms — real-time reporting of swap transactions and swap dealer (SD) registration — began last week, the Commodity Futures Trading Commission (CFTC) said.

Two major Dodd-Frank Wall Street regulatory reforms — real-time reporting of swap transactions and swap dealer (SD) registration — began earlier this week, the Commodity Futures Trading Commission (CFTC) said.

Companies have made “little or no progress” so far in developing compliance programs for the Dodd-Frank Wall Street Reform Act, according to a newly issued report and survey. Meanwhile market participants are fleeing the swaps market due to the “regulatory nightmare” that the Commodity Futures Trading Commission has created in drafting its Dodd-Frank rules, said CFTC Commissioner Scott O’Malia last week.

Companies have made “little or no progress” so far in developing compliance programs for the Dodd-Frank Wall Street Reform Act, according to a newly issued report and survey.

Even as a number of Dodd-Frank Wall Street Reform Act regulatory rules remain in limbo, IntercontinentalExchange (ICE) said early last week that it has completed the transition on its exchange of cleared over-the-counter (OTC) energy swaps to futures.