Caerus Picks Up Encana’s Piceance Assets In $735 Million Deal
The deal marks Encana’s exit from the northwestern Colorado basin where the company held roughly 550,000 net acres and 3,100 operated wells.
Quantum Forms Rockies-Focused E&P With $200 Million Commitment
Quantum formed Middle Fork Energy Partners—a new E&P focused in the Rocky Mountain region—with an initial capital commitment of more than $200 million.
Triple Threat: Linn Hits $900 Million With Denbury Deal
Denbury should get needed production growth from the purchase of Salt Creek assets in Wyoming while Linn, pro forma for three asset sales announced in May, will be debt free.
EP Energy, Tesoro Launch JV To Drill Uinta Basin Oil Wells
The deal provides capital for EP to drill the Altamont Field and secures an oil supply for Tesoro’s refinery in Salt Lake City.
Foothills Boosts Rockies Position With Uinta-Piceance Deal
Foothills Exploration Inc. is acquiring Uinta-Piceance Basin assets that will bolster its acreage position to more than 100,000 acres in the Rockies, the Denver-based company said May 11.
US Senate Vote Falls Short On Measure To Revoke Venting, Flaring Rule
Getting the Trump administration to repeal the BLM methane rule had been a top priority of the oil and gas industry, but not all Republicans supported the measure because it would make it difficult to regulate methane waste in the future.
Anadarko Petroleum Reports First-Quarter Loss As Costs Rise
Anadarko Petroleum reported a bigger-than-expected quarterly loss on May 2, as expenses rose about 53%, failing to offset gains from higher crude prices.
Oilfield Automation: How E&Ps Stay Profitable At Stagnant Oil Prices
Whether ‘lower for longer,’ ‘lower forever’ or the ‘new normal,’ oil prices in the $50 range require E&Ps to rethink how to do business.
For US E&Ps, Is Recovery A Slow And Steady Circle?
Some E&Ps are ramping up production, spending more, ignoring balance sheet repair and continuing to get rock bottom prices from oilfield service companies. Can the recovery handle it?
Less Exploration Spend, Falling Reserves Could Mean Supply Shortfall
The head of the world’s largest oilfield service company says the world could face a medium-term supply deficit given today’s reserves depletion rate and falling exploration spending.