Companies - Exclusives
Stephen Chazen, former president of Occidental, will lead a new company that hopes to raise more than $600 million for shale gas acquisitions.
Private-equity firms are spotting deals and purchasing large, legacy assets that E&Ps are jettisoning as they look for efficiencies and innovation to turn profits.
Speculation over potential Haynesville IPOs has included Vine and 2016 deal makers Indigo Minerals and Covey Park Energy.
Advanced subsurface modeling, extended laterals, pad drilling, optimized high-intensity completions and managed flowback are among the company’s focus areas.
Hess Corp. has adopted lean manufacturing principles to increase the number of profitable Bakken Shale wells even as oil prices have declined.
Eagle Ford producer WildHorse Resource said April 5 that its borrowing base increased by $87.5 million, or about 24% compared to fall 2016.
PwC’s 20th CEO survey shows that 90% of oil and gas leaders are concerned about leadership positions among a large, technical and skilled workforce in the oil patch.
Since former EOG Resources’ CEO Mark Papa’s debut blank-check company in February 2016, special-purpose acquisition companies have raised more than $1.5 billion.
If the Bakken were a separate country, it would rank 19th in world production, said Jack Stark, Continental COO and president.
At DUG Bakken & Niobrara, Whiting Petroleum's Jim Volker said IP rates of the pad exceeded 10,000 barrels of oil equivalent per day.
Scott Pruitt said regulators should not pick energy winners or wage war on any particular energy source.
To justify A&D spending, companies are moving into overdrive, with E&Ps ready to spend more cash flow than they have—just as they did before the industry fell into commodity-price purgatory.
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