OKLAHOMA CITY, Aug. 6, 2018 /PRNewswire/ — Continental Resources, Inc. (NYSE: CLR) (The “Company”) today announced that Franco-Nevada (NYSE & TSX: FNV) has agreed to pay...
Stay updated on oil and gas stories, prices and the weekly rig count. Sign up for our Weekly Newsletter HERE. Oil Markets...
THE WOODLANDS, Texas, — Newfield Exploration Company (NYSE: NFX) announced last week its second-quarter 2018 unaudited financial and operating results. Additional details can be...
Chesapeake Energy Corp posted a quarterly loss on Wednesday, hurt by a drop in natural gas prices and higher expenses, sending its...
Devon Energy Corp. (DVN) on Tuesday reported a second-quarter loss of $425 million, after reporting a profit in the same period a...
Oil Markets Oil prices fell on Friday, weighed down by a drop in the U.S. equities market, but Brent still marked a...
It was Chesapeake that discovered the Ohio Utica in 2011. At the time, the late Aubrey McClendon, CEO, famously said, “It would...
Anytime Iran and the United States trade threats, global oil markets snap to attention. The reason is the narrow stretch of water...
Oil-field service contractors bore the brunt of the three-year oil price downturn starting back in 2014, accounting for the bulk of an...
Panhandle Oil and Gas Inc. will fork over $9 million to acquire mineral rights and producing oil and gas wells in North...
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...
Have your oil & gas questions answered by industry experts.