Trailing

Officials with Whiting Petroleum Corp. said the company is poised to meet its production guidance for the year, with increased drilling in emerging shale plays and a slight increase in capital expenditures (capex).

Encana Corp. plans to continue to keep its eye on the “highest-return plays” in North America, which for the near term means more liquids and oil development and no natural gas drilling, CEO Randy Eresman said Wednesday.

With six weeks of discouraging news trailing behind it, Chesapeake Energy Corp. managed to get away for the three-day Memorial Day weekend with things looking a tad brighter — in some corners, perhaps. The stock price got a gentle nudge on the news that activist shareholder Carl Icahn is now one of the biggest shareholders, and some analysts now think that the stock price may have hit a bottom.

The chairman of Energy Transfer Equity LP (ETE) said Thursday the merger with natural gas pipeline giant Southern Union Co. (SUG) will give the combined company more customer market access in U.S. shale gas plays and alleviate some growing takeaway issues.

Scrambling to make up ground in opinion polls showing his gubernatorial campaign trailing the incumbent, California State Treasurer Phil Angelides Friday stood on a bluff in Malibu overlooking the Pacific Ocean and declared he is opposed to BHP Billiton’s proposal to build an offshore liquefied natural gas (LNG) receiving terminal about a dozen miles out to sea.