Near-term domestic natural gas prices may struggle to gain momentum this year until there’s more evidence of stalling supply later this year, according to Jefferies LLC.
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Articles from Permian Basin
Patterson-UTI’s Onshore Rig Count Down 10% in One Month
Onshore drilling operator Patterson-UTI Energy Inc. (PTEN) lost 10% of its U.S. operating rigs between December and January, the company reported Wednesday.
February 4, 2015
Anadarko Throttles Back, But Bolt-Ons in Onshore Possible
Anadarko Petroleum Corp. is throttling back across its operations in 2015, with no plans to chase any growth in the onshore or offshore, except for possibly chasing some distressed unconventional assets, CEO Al Walker said Tuesday.
February 3, 2015
Oxy to Focus on Permian, with Capex Down 33%
Reflecting current low-price realities, Occidental Petroleum Corp. (Oxy) is hunkering down in 2015, with a focus on the Permian Basin and no spending in the Williston Basin, CEO Stephen Chazen said Thursday during a conference call with analysts.
February 2, 2015
ExxonMobil Ups U.S. Onshore Rig Count, Prowls for Opportunities
Insulated by a top-notch balance sheet and long-term view of supply and demand, ExxonMobil Corp. boosted its U.S. onshore rig count by five in the Bakken and Woodford shales, and in the Permian Basin in the final three months of 2014, the investor relations chief disclosed Monday.
February 2, 2015
EnLink’s $600M Midstream Deal Expands Permian Activities
EnLink Midstream Partners LP plans to pay about $600 million in cash and partnership units for Permian Basin gas gatherer and processor Coronado Midstream Holdings LLC, continuing an acquisition spree backed by a “…financial position which allows us to effectively expand in times like these,” EnLink CEO Barry Davis said Monday.
February 2, 2015
North America’s Onshore Even Lower Priority for Shell
North America’s onshore is even less appealing to Royal Dutch Shell plc than it was a year ago, and as commodity prices have fallen, the oil major has elected to decrease capital spending and move its resources elsewhere.
January 30, 2015
Deal Boosts Matador’s Delaware Basin Profile
Dallas-based Matador Resources Co. would become the largest Delaware Basin acreage holder among small- and mid-cap public companies with the consummation of its recently announced deal to acquire Roswell, NM-based Harvey E. Yates Co. from HEYCO Energy Group Inc.
January 26, 2015
BHP Cuts U.S. Drilling Program, to Focus on Liquids
In response to weak commodity prices Australia’s BHP Billiton Ltd. is dialing back operations in U.S. shale plays, with plans to cut its operated rig count to 16 from 26 by the end of June, a nearly 40% reduction.
January 21, 2015
Permian’s Diamondback Seen as ‘Top Pick’ in Tough Price Environment
Among the independents active in the Permian Basin, Diamondback Energy Inc. is particularly well positioned to deal with weak commodity prices, analysts following the company said in response to its latest guidance.
January 14, 2015
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