Denver-based SM Energy Co. is marketing all of its properties in the Anadarko Basin, including its Granite Wash interests. The sale of the gas-weighted assets is part of normal high-grading activities, the company said. Proceeds could be spent in the Permian Basin or in the Eagle Ford Shale, analysts speculated last week.
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SM Energy Selling Anadarko Basin Properties
Denver-based SM Energy Co. is marketing all of its properties in the Anadarko Basin, including its Granite Wash interests. The sale of the gas-weighted assets is part of normal high-grading activities, the company said Wednesday. Proceeds could be spent in the Permian Basin or in the Eagle Ford Shale, analysts speculated Wednesday.
Range Sees 8 Bcf/d Potential from Marcellus
Range Resources Corp. has the potential to produce up to 8 Bcf/d from the Marcellus Shale, an executive said Tuesday.
NatGas-Weighted Company Shares Rise on DOE Export Approval
The stock market price of natural gas-weighted companies spiked from late Friday through Tuesday as prospects for a more profitable product heightened when the U.S. Department of Energy (DOE) broke the log-jam and announced it was conferring a worldwide liquefied natural gas (LNG) export license on a second project (see Daily GPI, May 20).
Equity Returns Reverse in 2012 for NatGas-Weighted Operators
The return on equity (ROE) for North American natural gas-weighted producers declined year/year in 2012, according to an analysis by the Energy Information Administration (EIA), news that’s been borne out in exploration and production (E&P) earnings results.
Crestwood-Inergy Combo to Be Major Shale Patch Midstreamer
The Crestwood and Inergy companies are merging to create a $7 billion midstream business that will serve numerous big-name North American unconventional plays with existing assets and additional infrastructure to be developed or acquired, they said Monday.
Natural Gas Output Predicted to Decline
For the first time in “at least” three years, some of the largest North American exploration and production (E&P) operators that are weighted to natural gas expect to see a “significant production decline,” according to an analysis by Barclays Capital.
Natural Gas Production Tipping to Declines, Say Analysts
For the first time in “at least” three years, some of the largest North American exploration and production (E&P) operators that are weighted to natural gas expect to see a “significant production decline,” according to an analysis by Barclays Capital.
‘Nothing’ Off the Table to Lift Value, Says Devon CEO
Devon Energy Corp.’s North American onshore oil production jumped year/year 20% in 2012 as it continued to makeover its natural gas-weighted portfolio to higher margin liquids and oil targets, but more still needs to be done to squeeze the value of its portfolio, CEO John Richels said Wednesday. Oil appears to be the answer, and dry natural gas development still is off the table.
Triangle Records First Profitable Quarter, Excited About Williston JV
Triangle Petroleum Corp. recorded the first profitable quarter in its history, is on track to meet its oil production goal for the year and is excited about its new joint venture (JV) in the Bakken Shale, even as it keeps at the ready plans to drop a drilling rig should policymakers in Washington, DC, fail to reach a compromise over the fiscal cliff.