After carrying a “AAA” credit rating for more than 66 years, ExxonMobil Corp. was brought down a notch by Standard & Poor’s Ratings Services (S&P) on Tuesday, citing expectations for continuing low oil and natural gas prices, high reinvestment requirements and large dividend payments.
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Articles from E&P
Pittsburgh Suburb Cites Environmental Concerns, Denies Small Driller’s Zoning Permit
A Pittsburgh suburb has denied Apex Energy LLC’s request for a conditional use permit to construct a nine-well shale gas pad, saying in its decision that the company failed to prove that its operations would “not violate the environmental rights of the citizens.”
NatGas Production, Consumption Increasing at Milder Pace, EIA Says
Production of natural gas and its use in the United States were both up in the first month of 2016 compared with January 2015, but not at the same heady rates of increase the industry has become accustomed to, according to the Energy Information Administration (EIA).
Swift Exits Chapter 11, Closes Deal With Texegy For Oil Assets in Louisiana
Less than four months after voluntarily filing for bankruptcy protection, Swift Energy Co. emerged from Chapter 11 on Monday and closed on a new $320 million senior secured credit facility, while also forming a joint venture (JV) and closing on the sale of some conventional oil assets in central Louisiana.
Pittsburgh Suburb Cites Environmental Concerns, Denies Small Driller’s Zoning Permit
A Pittsburgh suburb has denied Apex Energy LLC’s request for a conditional use permit to construct a nine-well shale gas pad, saying in its decision that the company failed to prove that its operations would “not violate the environmental rights of the citizens.”
Swift Exits Chapter 11, Closes Deal With Texegy For Oil Assets in Louisiana
Less than four months after voluntarily filing for bankruptcy protection, Swift Energy Co. emerged from Chapter 11 on Monday and closed on a new $320 million senior secured credit facility, while also forming a joint venture (JV) and closing on the sale of some conventional oil assets in central Louisiana.
DRBC to Conduct Separate Public Hearings on Proposed PennEast Pipeline
The Delaware River Basin Commission (DRBC) will be conducting an independent series of public hearings on the proposed PennEast Pipeline, the multi-state agency told FERC Monday.
Aftershock in Oklahoma Quake Lawsuit: Producers Seek Dismissal
Oklahoma producers on Monday fired back at environmental groups in a legal tussle in the U.S. District Court for the Western District of Oklahoma, asking for dismissal of a lawsuit over alleged oil/natural gas injection well-induced earthquakes in the state.
DRBC to Conduct Separate Public Hearings on Proposed PennEast Pipeline
The Delaware River Basin Commission (DRBC) will be conducting an independent series of public hearings on the proposed PennEast Pipeline, the multi-state agency told FERC Monday.
Pioneer’s Optimization Campaign Paying Off in Spraberry/Wolfcamp
The Spraberry/Wolfcamp play in the Permian Basin continued to be an oasis of strong economics and robust production for Pioneer Natural Resources Co. during the first quarter.