Exploration & Production
The rule, finalized in November 2016, took effect in January 2017 and was aimed at reducing leaks of natural gas, or methane, that happen through venting and flaring during oil production on federal land.
Ring said it intends to use proceeds from the offering to fund its 2018 capex, the majority of which will be allocated to the company's Central Basin Platform asset in the Permian.
Cabot, which gets its bulk of revenue from natural gas, said total production rose to 172.6 Bcfe from 164.2 Bcfe.
The resource giants had said they were looking to sell 13 fields, licenses and associated infrastructure held in Australia's Gippsland Basin.
Enerplus stood by its capex forecast of C$535 million to C$585 million in 2018, saying it will spend 75% of that amount to develop its North Dakota assets in the Williston Basin.
Hildebrand will remain Hilcorp’s executive chairman and continue to be heavily involved in the company’s operations, a spokesman said.
Apache forecast 2018 oil production that was below analyst estimate sending its stock down more than 5% despite the U.S. shale oil producer's better-than-expected quarterly profit.
Chesapeake said it will focus on the Powder River Basin across Montana and Wyoming to tap gas reserves and expects new wells to be "a lot more economic."
Paul Horne has resigned his position as president but will remain Legacy Reserve's chairman and CEO. The changes will take effect March 1.
Longer laterals and bigger completions have changed the game for Chesapeake in the Haynesville, vice president Tim Beard said at Hart Energy’s inaugural DUG Haynesville conference.