The Latest

Public Capital

Devon Energy Aims to Clinch Early Barnett Exit

Devon Energy’s Barnett Shale exit, a deal potentially worth up to $830 million, will now close at the beginning of October rather than the end of the year.

August 4, 2020

Public Capital

Pioneer Natural Resources Posts Bigger Quarterly Loss

Despite the loss, Pioneer Natural Resources generated $165 million of free cash flow for the quarter, which President and CEO Scott D. Sheffield attributed to significant cost reductions and operational efficiency improvements.

August 4, 2020

Public Capital

Continental Resources to Resume Most Curtailed US Shale Production

Continental Resources, which shut 70% of its oil output when prices and fuel demand collapsed, said U.S. production growth will stay moderate unless oil reaches $50-$60/bbl.

August 4, 2020

Business

Experts Expect Tough Second Half Ahead for Oil Sector

Oil and gas companies face continued market volatility despite an already historic year so far.

August 4, 2020

Public Capital

BP Halves Dividend after Record Loss, Speeds Up Low-carbon Reinvention

BP last reduced its dividend in 2010, when it was suspended for three quarters following the deadly Deepwater Horizon rig explosion.

August 4, 2020

Public Capital

Parched US Shale Patch Crushes Oilfield Services Sector

Schlumberger, Halliburton and Baker Hughes shift focus overseas and away from U.S. shale as domestic revenues dry up.

August 4, 2020

Business

Haynesville 2020

Kicked out of the club in 2012, the Haynesville was resurrected beginning in 2017 to take on the mighty Marcellus in metrics, aided by a proximity-to-market kicker. Now, it’s taking on oil basins at the IRR weigh-in.

August 4, 2020

Earnings

MPLX: DAPL, Tesoro High Plains Closures Could Cut Earnings by $100 Million

Company has a 9% stake in DAPL and owns Tesoro High Plains outright.

August 3, 2020

Public Capital

Range Resources Agrees to North Louisiana Asset Sale for $245 Million

Range Resources acquired its North Louisiana position in 2016 through an all-stock merger with Memorial Resource Development valued at about $4.4 billion, including debt.

August 3, 2020

Public Capital

Continental Resources Posts Second Straight Quarterly Loss

U.S. shale producer Continental Resources Inc. on Aug. 3 posted a bigger-than-expected second-quarter loss as the coronavirus crisis and related lockdowns pummeled demand.

August 3, 2020