Marathon Oil will continue work to optimize its development plans in the Bakken and Eagle Ford Shale, but now plan to take “frac holidays” in both plays during the second quarter, CEO Lee Tillman says.
This week, and just like that, the rig cascade got underway. Hart Energy’s Unconventional Activity Tracker fell 49 units over the last week, or seven rigs per day.
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
Whiting Petroleum had explored a wide variety of alternatives to address its balance sheet and looming note maturities in a “highly capital-constrained market environment,” CEO Bradley J. Holly says.
Fresh off of a $2.27 billion merger with Jagged Peak Energy, Permian producer Parsley Energy is raising its profile on Wall Street—and raising awareness of ESG issues. Is it the new model for independent producers?