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ConocoPhillips Counting On US Shale To Bring In More Cash
The U.S. independent has set its sights on bringing in $50 billion in free cash flow over the next decade, including $19 billion from its Lower 48 assets.
Privately Held Operators Explain Key To Permian Basin Success
Execs from private operators Caza Oil & Gas, Henry Resources and Zarvona Energy talk key to survival in the industry’s new hold-for-longer mode.
Analyst: ‘Generalist Investors Are Running Away’ From Oil And Gas
And other above-ground challenges oil and gas producers in the Permian Basin are facing.
Analysts Forecast Drop In US Shale Activity, Rise In Efficiency
U.S. shale operators are paring down drilling programs and spending as they focus more on returns and improved efficiency in a low-price environment.
The Latest
Business
E&P Momentum: Austin Chalk Redux
Overall news is mixed as challenging formational issues bedevil E&P efforts to create another Austin Chalk revival.
November 21, 2019
Public Capital
DUG Midcontinent: Hamm Says ‘Future’s Bright’ And Prices Will Correct
Seaport Global Securities speaker details how investors learned their lessons the hard way.
November 20, 2019
Public Capital
ConocoPhillips Counting On US Shale To Bring In More Cash
The U.S. independent has set its sights on bringing in $50 billion in free cash flow over the next decade, including $19 billion from its Lower 48 assets.
November 20, 2019
Exploration & Production
Ecuador Names New Energy Minister As It Seeks To Boost Oil Production
Civil engineer Jose Agusto replaces Carlos Perez, who resigned last week for personal reasons.
November 20, 2019
People
Forty Under 40: Mickey Friedrich, Driftwood Energy
Today’s featured Forty Under 40 honoree is Mickey Friedrich, who helped lead the initial horizontal Wolfcamp development in the Midland Basin earlier in his career while still with Pioneer.
November 20, 2019
Public Capital
California Toughens Drilling Oversight In Setback For Industry
The regulations, which were applauded by environmental groups, sent shares of California-based oil drillers Berry Petroleum Corp. and California Resources Corp. down sharply.
November 19, 2019
Private Equity
Permian Operator Kick-starts Development With New Loan
A multimillion-dollar financing package allows MEI Camp Springs to kick-start its full-scale development program in the Camp Springs area in the Eastern Shelf of the Permian Basin.
November 19, 2019
Business
ConocoPhillips Targets $50 Billion Free Cash Flow Over Next Decade
The largest U.S. independent crude producer said it expects to spend about $20 billion on dividends and $30 billion in share buybacks in 10 years.
November 19, 2019
Restructurings
Permian Shale Producer Approach Resources Enters Bankruptcy
After being battered by weak Permian gas prices, Approach Resources filed for Chapter 11 bankruptcy to explore strategic alternatives that include either a restructuring or the sale of its business.
November 19, 2019
Exploration & Production
Australia’s Woodside Sees Reserve Base Tripling As New Projects Progress
Success in those projects would result in its reserve base reaching 3.7 billion barrels over the next seven years and help Woodside expand production by 6% a year over the next decade, the company said.
November 19, 2019