Chesapeake’s CEO and president says when he took his job he considered it to be “absolutely the greatest challenge in the entire oil and gas business.”
Capital markets are open, and billions of dollars are flowing into the U.S. energy sector today. Private-equity investors are not seeing many bargains yet, but expect more will come if low commodity prices persist.
Goodrich’s Eagle Ford Shale position is located in Frio and LaSalle counties, Texas, near producers Chesapeake Energy, Cabot, Carrizo and EOG Resources.
Setbacks in oil and gas capital spending have hurt Circor but purchase of private firm Schroedahl should be accretive, analyst says.
Baker Hughes and Schlumberger also made announcements that they will cut nearly 15,000 jobs on top of already announced layoffs.
ANGA wants DOE to declare exports in national interest, allowing facilities to focus on gaining FERC approval.
With current oil export exemptions for Canada that may also be granted to Mexico, Murkowski asks why allies such as Italy and Poland cannot benefit from the U.S. oil boom.
Vanguard buys LRR Energy’s Permian and Arkoma assets, including 1,290 gross producing wells and about 158,000 net acres. LRR’s proved reserves were about 203 Bcfe in December 2014.