Exploration & Production

BP Agrees To Greater Climate Disclosure

BP has agreed to disclose how its spending plans, emissions policies and broader business strategy align with the Paris climate agreement.

Feb 1 2019 - 9:04am

EIA: US Crude Production In November Rose To 11.9 Million bbl/d

U.S. crude oil production rose to a new high of 11.9 million barrels per day (MMbbl/d) in November, up 345,000 bbl/d from the previous month, the U.S. Energy Information Administration said in a monthly report on Jan. 31.

Feb 1 2019 - 8:34am

Chesapeake Energy Closes Nearly $4 Billion Acquisition Of Eagle Ford Producer WildHorse

Chesapeake Energy completed its acquisition of WildHorse Resource Development Corp. on Feb. 1, creating an Eagle Ford oil producing powerhouse.

Feb 1 2019 - 8:20am

Chevron’s Quarterly Profit Rises On Higher Oil Production, Prices

Results from Chevron reflected higher oil and gas production with output for the quarter up 156,000 barrels per day from a year earlier. Prices paid for its crude also rose.

Feb 1 2019 - 8:00am

Exxon Mobil’s Profit Tops Estimates As Production Rebounds

Exxon Mobil said its oil and gas production in the Permian Basin, the largest U.S. shale basin, rose 90% over a year ago.

Feb 1 2019 - 7:35am

Pennsylvania Governor Seeks Natural Gas Tax To Raise $4.5 Billion

A new tax on extracting natural gas is being proposed by the governor of Pennsylvania, home to the Marcellus and Utica shale basins and the second biggest gas-producing state in the U.S. 

Jan 31 2019 - 2:15pm

ConocoPhillips Pursues More Growth Opportunities As Production Rises

In the Lower 48 Big 3—Eagle Ford, Bakken and Permian Basin—ConocoPhillips plans to grow production by about 19% this year.

Jan 31 2019 - 2:00pm

HartEnergy.com: We’re In This Together

Meet the team that is building the most comprehensive energy news and information site in the industry. And, you’re on it.

Feb 1 2019 - 1:00pm

Exxon Mobil Planning To Double Profit By Combining Exploration Units

Oil major Exxon Mobil said Jan. 31 it would create three new separate E&P companies, effective April 1, in an effort to double its profit by 2025.

Jan 31 2019 - 11:25am

ConocoPhillips Beats Profit Estimates On Higher Production, Prices

ConocoPhillips beat quarterly profit estimates on Jan. 31 as the world’s largest independent oil producer sold more oil at higher prices, sending its shares up 2 percent before the opening bell.

Jan 31 2019 - 8:15am