Western Energy Alliance and two other U.S.-based trade organizations do not “share our ambitious and progressive approach to the energy transition,” says BP CEO Bernard Looney.
As of year-end 2019, Lonestar Resources said it had increased its proved reserves to a record 100.6 million barrels of oil equivalent, all of which are located in the Eagle Ford Shale.
Pioneer Natural Resources CEO Scott Sheffield called on oil and gas investors to sell shares or pull funding from companies that have rates of natural gas flaring.
Pioneer also joins shale rivals Concho Resources, Diamondback Energy and Devon Energy in boosting dividends to please investors who have been pushing for higher shareholder returns
Shares in U.S. shale producers Concho Resources, Devon Energy and Diamondback Energy rose on Feb. 19 after they hiked dividends and posted profits that beat Wall Street expectations.
Houston-based oilfield services company Halliburton said it plans to purchase for cash up to $1.5 billion of its senior notes due 2021, 2023 and 2025 in debt tender offers closing March 17.
U.S. oil producers have been under pressure from investors to cut back on drilling new wells and instead use the cash for dividends and buybacks.
Lilis Energy plans to use the roughly $24.9 million of cash proceeds from the Permian Basin acreage sale to fund a substantial portion of its borrowing base deficiency.