The company is carefully managing its larder of assets, slowing down its Eagle Ford assets and building up the Delaware Basin for the day oil prices recover.
The Denver company’s sale in the Permian Basin could be followed by a deal for the Denton Field in Lea County, N.M., to chip away at $785 million debt.
The abundance of shale gas has driven down gas prices for consumers and led to manufacturing expansions, to the tune of billions in benefits to the U.S. economy.
Interest in North Carolina's Triassic Basin shale deposits has grown in recent years, but the region’s resources remain largely undiscovered.
The MLP and its private equity backer Quantum Energy team up for acquisitions in a distressed market, but A&D may not kick into high gear until second-half 2015.
With the shock value of 20% to 80% capex cuts fading, producers might start pulling back production as the oil market keeps tightening and Saudi Arabia flexes its economic muscles.
Impacts from falling commodity prices is old news. The new news at Scotia Howard Weil is about new techniques to develop additional formations in the Eagle Ford and develop ways to reduce the cost of deepwater development.
With the barn-burner rumors of a huge sale gone, the Bakken behemoth looks to raise liquidity with debt and share offerings to overcome about $1 billion in capex outspend.