Companies - Exclusives
The company said it plans to spend $3.9 billion overall in 2018 and increase production by between 8% and 12% with a 40% annual growth in Permian resources in 2018.
For an exhibition that prides itself on being “where deals happen,” transactions were consummated and optimism crackled among a crowd of more than 12,000.
CEO Doug Lawler painted Chesapeake in Shakespearean terms as a once-dominant company that, after faltering under debt, is regaining its edge through efficiency and A&D, including a $500 million Midcontinent sale.
Low prices, pipeline and rail constraints, and storage shortfalls form brewing storm against Alberta’s oil industry.
The oilfield service company plans to launch several new technologies this year, including a subsea tree.
With a newly upsized capital commitment, Luxe CEO Lance Langford says the company is in a ‘unique position’ to act as a consolidator in the Delaware Basin.
Of the company’s $3 billion of pretax charges for fourth-quarter 2017, more than $1.1 billion was related to WesternGeco seismic restructuring.
Exco is marketing its positions from the Haynesville and Eagle Ford shales to Appalachia to help repay about $1.3 billion in debt.
Carl Icahn is demanding SandRidge Energy replace two of its five directors—with at least one appointed by him—following successfully halting the company’s merger with Bonanza Creek Energy.
President and COO Matt Gallagher, a key member of Parsley’s team, will succeed Bryan Sheffield as CEO at the end of 2018.
Leading with the Denver-Julesburg Basin in early 2016, the Canada Pension Plan Investment Board is looking to make additional investments in energy assets. And its hold time is long.
The divestiture of Linn’s mature Oklahoma and Texas assets brings the company’s total asset sales for 2017 to more than $1.6 billion.