After a decade in the Haynesville, the company shifted from natural gas to a broader asset base that included liquids. The company also gains relief from obligations to its midstream assets.
Moody’s lowers its outlook for global sector from ‘positive’ to ‘stable’ as spending cuts, reduced production cloud outlook for industry.
AGL is planning to spend $670 million on interstate pipeline construction projects, including infrastructure from the Marcellus and Utica and that could grow volumes moving to the Southeast, Midcontinent and Eastern Canada.
With a cookie-cutter model comes marginal price economics, says Thrust Energy CEO Manatt.
This downturn is proving not to be V-shaped after all. Here’s how buyers and sellers can make the best of it.
At today’s commodity prices, probable and possible reserves don’t make the cut. Instead, these characteristics help appraisers measure worth.
Fall short of production guidance, or outspend capex for a given growth target, and you risk sell-off. Deliver outsized growth without requisite returns, and you are compounding the macro problem.
Credit Suisse analyst Jim Wicklund is still a bear, but he notes that oil prices have taken on a strange new dynamic.