In an attempt to preserve liquidity and maintain the momentum it has achieved since going public in June, Appalachian pure-play Eclipse Resources Corp. has cut its rig count in the Utica Shale, plans to further reduce capital spending this year and is hoping to attract more capital with a joint venture (JV) partner.
Year
Articles from Year
Gulfport Will Cut Spending, Focus on Utica in 2015
Gulfport Energy Corp. on Thursday reported triple-digit production growth in 2014 and said it would slash capital spending this year by 40% from last year’s level.
February 27, 2015
Louisiana LNG Terminal Seeks Additional Export Capacity OK
Venture Global Calcasieu Pass LLC has applied to the U.S. Department of Energy (DOE) for authority to export liquefied natural gas (LNG) equivalent to 132.8 Bcf per year from its planned terminal in Cameron Parish, LA. The volume is additive to that in previous applications for a total of 620 Bcf per year.
February 27, 2015
Antero Remains Focused on Appalachian Liquids Production
Antero Resources Corp. plans to push ahead with more than a dozen drilling rigs in the Appalachian Basin this year, but while it plans to grow year-over-year production by 40% it will cut spending and delay the completion of about 50 wells until 2016.
February 27, 2015
Encana Ready to Seize ‘Right Opportunities,’ Says Suttles
With restructuring completed and streamlined operations, Encana Corp. could make a play for strategic assets in North America’s onshore, CEO Doug Suttles said Wednesday.
February 26, 2015
Wattenberg Costs Continue to Fall For PDC
PDC Energy Inc. plans to focus almost entirely on its core Wattenberg Field acreage in Colorado this year to drive production up 50% after writing down its Utica Shale assets in Ohio in the fourth quarter and selling off its last dry gas assets in the Marcellus Shale last year (see Shale Daily, July 30, 2014).
February 20, 2015
Marathon, EOG Hunker Down, Cutting CapEx, Rigs
Two Houston-based major players in the Eagle Ford and Bakken shale plays said Thursday they are further cutting back on operations this year in light of the oil price crash.
February 20, 2015
With Commodities Down, Rex Energy Searching For Cash
With falling commodities prices putting a dent in the operational gains made by Rex Energy Corp. during the fourth quarter, the company is heading into the new year looking to monetize a series of assets to offset its growing leverage as oil and gas prices remain depressed.
February 19, 2015
Forecast Warmer West Prompts Weak Open; March Called 4 Cents Lower
March natural gas is called 4 cents lower Friday morning at $2.67 as near-term weather forecasts show a moderately warmer pattern over the West. Overnight oil markets rose.
February 13, 2015
U.S. Rig Count Continues Falling
The U.S. oil rig count continued to drop sharply as Baker Hughes Inc. reported that 1,056 were running across the country for the week ending Feb. 13, down 84 from the previous week and 367 from the same time one year ago.
February 13, 2015
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