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