Rosetta Resources lays out a plan to spend $350 million and produce 60,000 barrels of oil equivalent per day for 2015 and 2016.
Devon COO emphasizes asset quality, execution and financial flexibility during low-price periods.
Memorial Resource Development consolidates into North Louisiana territory after trade of its East Texas and noncore Louisiana assets.
Devon has an enviable cash reserve of $1.5 billion and premiere Permian and Eagle Ford holdings.
Gulf Coast refiners could be in the running as assets offer more power over supply chain..
About 55% of global demand will be met by oil and gas in 2035, but decline rates make that challenging.
A price drop of 50% may have more to do with investor overreaction than oversupply globally of 1-2%.
The company is also seeking a JV partner and leadership is considering the sale of selected assets in the Marcellus.