Oklahoma’s STACK play continued making headlines over the past month as established players in the area double down on their Q1 investments...
Chisholm Oil & Gas LLC and Apollo Global Management LLC (NYSE: APO) formed a strategic partnership as the E&P closed on 53,000...
Newfield Exploration Co. (NYSE: NFX) broke ground on a multimillion dollar water recycling facility in Oklahoma’s Stack Play within the Anadarko Basin,...
THE WOODLANDS, Texas — Newfield Exploration Company, in conjunction with the Company’s participation in this week’s Scotia Howard Weil Energy Conference, has...
Removing the word “shale” from the state’s existing Shale Reservoir Development Act A 2016 State Chamber study demonstrated 3 key facts about...
Gastar Exploration has expanded its presence in the STACK play of Oklahoma by increasing its stake in a set of wells and...
White Star Petroleum, LLC announced today that it has acquired approximately 30,500 net acres in the Mid-Continent region in two transactions with...
Apache Corporation (NYSE: APA) continues to work through proving out its Alpine High oil discovery in west Texas’ Permian Basin that it...
All oil fields see their production levels deplete as they age. Shale wells infamously suffer from exponential decline, with their production rates...
Marathon Oil Corp.(NYSE: MRO) has agreed to sell off its Canadian oil sands business for $2.5 billion, and buy 70,000 net acres...
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.
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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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