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mexico, round one, second phase, oil, production, Gulf of Mexico

Mexico’s Offshore Auction Attracts Robust Bids

Three of five Gulf of Mexico blocks offered were awarded during the second phase of Mexico’s Round One.
Resolute Energy, Midland Basin, sale, debt

Resolute Tests Value Of Midland Assets To Whittle Debt

Denver’s Resolute, battling back debt, could gain $158- to $237 million from the sale of its acreage in the Gardendale area of West Texas, an analyst said.
Chesapeake, Lawler, Layoffs, 15%, Oklahoma City, McClendon, debt, gas, oil

Lawler: Chesapeake Confronts Harsh Market ‘Head On’ With 15% Workforce Cut

In 2015, Chesapeake is poised to outspend its discretionary cash flow by $1.3 billion. The company will take a $55 million one-time charge as it lets 740 employees go.
Eagle Ford, Sanchez Energy, production, oil price, gas, investment, MLP

Sanchez’s Eagle Ford Deal Pays Off Again With Midstream Sale

Through a combination of cash, revolver and proceeds for the sale of its midstream assets—acquired from Royal Dutch Shell—Sanchez’s liquidity will shoot to more than $900 million.
Niobrara, Bill Barrett, hedging, borrowing base, capex, rigs, drilling

Bill Barrett Sells Noncore Uinta Assets, Firms Up Liquidity

Bill Barrett improves its liquidity with the deal and also announces plans to reduce capex, idle a rig and enjoy robust oil and gas hedges while still growing production.
megamerger, Williams Cos., Williams Partners, ETE, Energy Transfer Partners, midstream

Energy Transfer Partners’ Long Pursuit Of Williams Ends With $38 Billion Ring

Energy Transfer tweaks its June offer with $6 billion in cash and will form a partnership that will be treated as a corporation for tax purposes called Energy Transfer Corp. LP. 
Shell, drilling, offshore, Arctic, Alaska, Burger, exploration

Shell Pulls The Plug On Arctic Exploration

Shell has spent about $7 billion on exploration in the waters off Alaska so far and said it could take a hit of up to $4.1 billion for pulling out of the Chukchi Sea for the "foreseeable future".
drilling, downhole, completions, plug, perf, slickwater, fracking, crude, oil

When The Drilling’s Done: E&Ps Push Back Completions Despite Advancements

E&Ps in the Bakken, Eagle Ford and Permian have made strides in well completion efficiencies and costs. Though, even with increased recoveries, opening up production at low prices sits poorly with the industry.
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