When exploration and production (E&P) companies unveil their 3Q2009 earnings reports in the coming weeks, listen for natural gas-weighted producers to detail the impact on the quarter from uncompleted wells and how much production was shut in across North America, according to energy analysts.
Weighted
Articles from Weighted
Edge Petroleum Files for Bankruptcy
Houston-based Edge Petroleum Corp., whose natural gas-weighted portfolio extends from the Gulf Coast to the Permian Basin and to the Fayetteville Shale, on Friday filed for voluntary bankruptcy protection. The company plans to auction “substantially all” of its assets.
Edge Petroleum Files for Bankruptcy
Houston-based Edge Petroleum Corp., whose natural gas-weighted portfolio extends from the Gulf Coast to the Permian Basin and to the Fayetteville Shale, on Friday filed for voluntary bankruptcy protection. The company plans to auction “substantially all” of its assets.
EXCO Sells Close to $700M of Onshore Properties
In less than 24 hours EXCO Resources Inc. announced two transactions worth close to $700 million to sell some natural gas-weighted properties in Oklahoma, Ohio and Pennsylvania.
Low Costs, Better Technology Boost Some Producers’ Output
The story related time and again by natural gas producers in their 2Q2009 earnings presentations has been the same at both large and small natural gas-weighted independents: lower costs and hedging cushioned the impact of low prices, but better technology continues to boost output.
Low Costs, Better Technology Boost Some Producers’ Output
The story related time and again by natural gas producers in their 2Q2009 earnings presentations has been the same at both large and small natural gas-weighted independents: lower costs and hedging cushioned the impact of low prices, but better technology continues to boost output.
Williams Readies Midstream Opportunities in Marcellus
Williams has cut its natural gas-weighted drilling plans for 2009 by more than half, but midstream opportunities are beckoning in the Marcellus Shale, the CEO said last week.
Williams Cuts Drilling, Readies Midstream Opportunities in Marcellus
Williams has cut its natural gas-weighted drilling plans for 2009 by more than half, but midstream opportunities are beckoning in the Marcellus Shale, the CEO said Thursday.
Forest Pays $892M for Oklahoma, Texas, Louisiana Properties
Forest Oil Corp. has agreed to pay $892 million in cash and stock to privately held Cordillera Texas LP for a package of natural gas-weighted properties in Oklahoma, East Texas and North Louisiana that now produce around 34 MMcfe/d. Total reserves are estimated at 350 Bcfe, which are 36% proved developed.
Woodford Shale Boosts Newfield’s Gas Production
Newfield Exploration Co.’s natural gas-weighted production jumped 20% in 2Q2008 from the same period a year ago, lifted by strong performance from its Woodford Shale operations in the Arkoma Basin.