Two Bone Springs completions reported by EOG in the Permian Basin and Chesapeake Energy Haynesville Shale discoveries top this week’s drilling activity highlights from around the world.
Shares of Whiting Petroleum have lost nearly 75% of their value this year amid weak oil prices and rising investor concerns over the company's ability to meet its debt maturities.
Continental, which operates in the Bakken as well as the STACK and SCOOP shale plays, forecast lower-than-expected free cash flow for the year despite keeping capital spending flat.
Here’s a snapshot of energy deals from the past week including Centennial Resource Development’s $225 million sale of produced water infrastructure in the Permian Basin.
Phillips 66 Partners agreed to acquire a 50% stake in the Liberty Pipeline, a $1.6 billion project to transport Rockies and Bakken crude oil production to Oklahoma’s Cushing hub.
At DUG Bakken and Rockies, shale executives acknowledged the headwinds, but remained optimistic about the opportunities in the Powder River Basin, the Bakken and, yes, even Colorado.
Three Haynesville producers in De Soto Parish, La., Marathon Middle Bakken completions and a Barnett Shale discovery by Devon Energy top this week’s drilling activity highlights from around the world.