Contentious in its inner politics and opaque in its intentions, OPEC nonetheless remains the key to oil prices.
Good news for oil and gas is the industry is cyclical, though it will take until second-half 2017 for the market to rebalance, says IHS’ Atul Arya.
The sale continues Bill Barrett’s focus on the D-J Basin andadds incremental funds at a time when “cash is truly king,” analyst says.
Energy demand is expected to increase by one-third by 2035, but oil and gas companies need to start looking at hydrocarbons as products to streamline.
But EIA projections for May show broad, even sharp, declines among major shale plays.
The acquisition increases EQT’s core undeveloped Marcellus acreage by 29%, adds 500 locations and allows for extended laterals in one West Virginia county.
A Department of Justice lawsuit was the death blow for the merger of Halliburton and Baker Hughes and scuttled the largest deal in recent memory - and perhaps ever.
The decision may cause Boulder and Broomfield counties, Colo., which had been considering similar ordinances, to rethink their strategies, an attorney said.