E&P

Antero Resources Corp. exited 2014 with production averaging a little more than 1 Bcfe/d, exceeding the midpoint of its guidance and demonstrating that it is positioned to handle the downturn in commodity prices, at least through the first part of this year.

Calgary-based Gasfrac Energy Services Inc., a developer of waterless hydraulic fracturing technology, is seeking protection from creditors as it attempts a restructuring.

When Democrat Tom Wolf is inaugurated as Pennsylvania’s 47th governor Tuesday, it could mark a new, if uncertain, beginning for the state’s natural gas producers.

Alberta Premier Jim Prentice is highlighting a government reason for persistent growth of oilsands plants and their natural gas use as he canvasses his electorate for politically acceptable revenue alternatives to royalties on production of provincially owned energy resources.

Schlumberger Ltd. is working “actively” with North American customers to lower drilling costs and to renegotiate contracts, with a big push toward technology and efficiency offerings, CEO Paal Kibsgaard said Friday.

The United States could sustain strong economic growth, add more jobs and improve global energy security by expanding crude oil exports, ConocoPhillips CEO Ryan Lance said Wednesday.

North Dakota officials Wednesday reported a big drop in Bakken Shale sweet crude oil prices and a rig count that has fallen to 158, the lowest in six years.

If oil prices stay at $50/bbl or lower for five months or longer, North Dakota’s revenue stream from the oil patch could be cut by as much as $100 million per month, state energy and tax officials said Wednesday.

In anticipation of a mid-year effective date for the state’s new well stimulation rules, which cover hydraulic fracturing, California’s Department of Conservation (DOC) on Wednesday released a draft environmental impact report (DEIR) and separately the results of an independent scientific assessment commissioned by the state. The DEIR concludes that most impacts can be mitigated.