Reserve Reports May Signal Shale Stress For North American E&Ps
Simmons Energy analysts reveal that unconventional shale is “showing signs of stress” as E&Ps disclose performance-related reserve writedowns.
March 22, 2019
Unconventional
Chart: Eastern Rig Count As Of March 22, 2019
Alabama. Florida, Illinois, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and West Virginia
March 22, 2019
Chart: Gulf Coast Rig Count As Of March 22, 2019
Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
March 22, 2019
Chart: Western Rig Count As of March 22, 2019
California, Colorado, Idaho, Montana, Nebraska, Nevada, New Mexico, North Dakota, Utah and Wyoming
March 22, 2019
Denbury Resources Scraps Merger With Eagle Ford Producer Penn Virginia
Denbury Resources and Penn Virginia mutually agreed to terminate their merger after the $1.7 billion cash-and-stock transaction faced difficult market conditions and shareholder opposition.
March 21, 2019
Australian State Poll Threatens $2 Billion Coal Seam Gas Project
The Narrabri project, owned by Santos Ltd., could ease a looming gas shortage in eastern Australia, but is at risk of becoming a casualty in a weekend election in the country’s most populous state.
March 21, 2019
Murphy Oil Cashes Out Of Malaysia In Over $2 Billion Sale
Murphy Oil plans to use proceeds from its Malaysia exit to PTTEP for share buybacks as well as funding Eagle Ford Shale and U.S. Gulf of Mexico operations.
March 21, 2019
Colombia Shelves ConocoPhillips, Canacol Requests For Fracking Licenses
Colombia has shelved two environmental licensing requests made by oil companies ConocoPhillips and Canacol Energy Ltd. for fracking projects in northern Cesar province, two sources with knowledge of the matter said March 20.
March 20, 2019
Occidental Petroleum CEO Vicki Hollub Aims To Be ‘Carbon Neutral’
Occidental Petroleum, the holder of the largest net acreage of drilling rights in the Permian Basin, pins hopes on EOR using captured greenhouse gases.
March 20, 2019
Oil Majors Rush To Dominate US Shale As Independents Scale Back
The rising investment also reflects a recognition that the majors largely missed out on the first phase of the Permian shale bonanza while more nimble independent producers, who pioneered shale drilling technology, leased Permian acreage on the cheap.
March 20, 2019