Exploration & Production - News
Russian Energy Minister Alexander Novak confirmed earlier reports that OPEC and non-OPEC combined production cuts for January stood at 86% of initial targets, described by the International Energy Agency as "one of the deepest" in history, Reuters said.
As part of the agreement, the company is selling its 100%-owned affiliate Total Participations Petrolières Gabon, which holds interests in 10 fields.
Pruitt mentioned three rules that could meet the chopping block early on: the Waters of the U.S. rule; the Clean Power Plan; and the U.S. Methane rule.
CEO Rob Peabody said the company has focused on fewer oil and gas plays in western Canada and expects to 'do some modest portfolio tidy-up throughout this year.'
Drillers added five oil rigs in the week to Feb. 24, bringing the total count up to 602, the most rigs since October 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said Feb. 24.
The acreage position also includes potential for horizontal development in the Woodford and Barnett as well as shallow uphole potential in the Tubb and San Andres formations.
Ultra said in a statement that it expects the new agreements to provide financial benefits related to its operations at the Pinedale Field asset in Wyoming
Both companies will take a 50% stake in the Bajada de Añelo Field to develop a pilot program, which will be operated by Shell, YPF said in a statement. The agreement is subject to approval by provincial authorities, and Shell’s investment will come in two phases, YPF said.
Whitehead, 55, has most recently served as executive vice president and CFO of both EP Energy Corp. and EP Energy LLC since May 2012.
In a note, Barclays analysts wrote the U.S. natural gas producer's fourth quarter results were largely in line with expectations, but described Chesapeake's 2017 production forecasts as "a bit more pessimistic" than rivals.
Apache earmarked nearly two-thirds of its 2017 budget for the Permian Basin in Texas, with $500 million alone budgeted for developing infrastructure in its Alpine High Field.