(Reuters) – Pioneer Natural Resources Co beat Wall Street estimates for quarterly profit on Monday, and said it sold its Eagle Ford...
By Jack Money – NewsOK — Continental Resources reported Monday it earned a first-quarter net income of $187 million, or 50 cents...
Jordan Blum, Houston Chronicle — ST. FRANCISVILLE, La. — A row of pink azaleas and centuries-old live oaks lead to the Catalpa...
(Reuters) – Anadarko Petroleum Corp, the U.S. oil and gas exploration and production company that agreed this month to sell itself to...
By: Jordan Blum – Houston Chronicle – Houston’s Occidental Petroleum is upping its offer to buy Anadarko Petroleum, creating a public bidding...
(Reuters) – Oil and gas producer Apache Corp. said April 23 it temporarily halted production at its Alpine High assets in the...
Bruce Finley – The Denver Post ~~ The U.S. Environmental Protection Agency and state health officials have reached a $3.3 million settlement...
Source: U.S. Energy Information Administration, Petroleum Supply Monthly Annual U.S. crude oil production reached a record level of 10.96 million barrels per day (b/d) in 2018,...
S&P Global News ~ Anchorage, Alaska — Hilcorp Energy has started production at its new Moose Pad viscous oil project in the Milne...
By Rachel Adams-Heard HOUSTON (Bloomberg) — Legendary wildcatter Floyd Wilson is back with his “ninth or tenth” oil company, after his departure from...
Coterra Energy has recently released its last Marcellus Shale rig and may suspend well completions in the area. CEO Tom Jorden announced at a conference that the company currently has no active rigs in the Marcellus, with only one frac crew remaining. Once this crew finishes its work, Coterra may halt all completion activities in the region.
The company is shifting its capital towards more liquids-rich areas such as the Permian and Anadarko basins. This strategic move comes as low gas prices negatively impact exploration and production companies focused on natural gas. Coterra, formed from the merger of Cimarex Energy and Cabot Oil & Gas, is leveraging its diverse portfolio to adapt to market conditions.
Coterra's decision to potentially pause operations in the Marcellus is significant given the company's historical involvement in the play. Cabot Oil & Gas, now part of Coterra, was an early developer of the horizontal Marcellus play, following Range Resources, which is credited with discovering the play in 2007. As of the end of 2023, Coterra held approximately 186,000 net acres in the Marcellus dry gas window, primarily in Susquehanna County, Pennsylvania.
Story from Bloomberg|By Anthony Di Paola| Libya’s crude exports continued to slump as UN-led...
A federal judge has hit the pause button on new oil and gas drilling...
Story By Andreas Exarheas |Rigzone.com| The U.S. Energy Information Administration’s (EIA) latest gasoline and...
By David Wethe | (Bloomberg) — The price to rent a deepwater drilling rig may...
Chevron CEO Michael Wirth recently criticized U.S. President Joe Biden’s administration for policies that...
Story by Bloomberg, via RigZone.com |Authors: J.Saul, N.S.Malik, M.Chediak| Energy companies in the US are...
A small group of California Republicans has introduced several bills ahead of a special...
Helium is the second most abundant element in the universe after hydrogen. It is a...
The oil and gas industry is inherently tied to geopolitical events and domestic policy...
By Irina Slav for Oilprice.com | Crude oil prices moved higher today after the...
The U.S. Department of the Treasury, through its Office of Foreign Assets Control (OFAC),...
Chris Matthews from Hart Energy, who covers the North American upstream shale energy industry...
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