Oil and gas companies are increasingly turning to technology and improved techniques to become more efficient and grow output as low oil prices slowly rebound.
Analyst downgrades EOG, Pioneer Natural Resources and Cimarex despite strong management, liquidity and resources because they appear near the high end of their trading ranges.
In line with requests from industry trade organizations, FERC opted to maintain the current U.S. gas trading day start time of 9 a.m. Central time.
The purchased acreage, which is entirely undeveloped, represents a natural bolt-on to Gulfport's existing position in the shale play and translates to $12,700 per acre.
Chesapeake settles with affiliate, but will pursue case that accuses its former CEO of misappropriating “highly sensitive trade secrets from the company” about the Utica Shale and other areas.
Waiting for better prices, Cabot Oil & Gas, Chesapeake, EOG Resources, SM Energy and other E&Ps are deferring 845 well completions in the Eagle Ford, Bakken, Permian and other plays.
Worldwide production continues to surpass demand, but lower prices are expected to slow production as more operators are forced to lay down rigs to salvage budgets.
The Atlantic area is the country’s richest resource area with 35% of total U.S. traditional resources, followed by the Gulf Coast, Rocky Mountains and the Midcontinent.