Chevron Sets 2017 Capital Budget At $19.8 Billion
The 2017 budget is expected to be at least 15% lower than projected 2016 capital investments and target high-return investments and completion of major projects under construction, the oil and gas major said.
ConocoPhillips Aims To Sell Up To $8 Billion In Gas Assets
ConocoPhillips CEO Ryan Lance said the spending cuts, asset sales and other steps should help the company be profitable with Brent oil prices of $50 per barrel. Brent traded at $46.18 on Nov. 10.
ConocoPhillips Posts Smaller Loss, Cuts 2016 Capex
Excluding items, the company lost 66 cents per share, while analysts on average had expected loss of 70 cents, according to Thomson Reuters.
LNG, Mexico Exports Promise To Grow Demand
Lackluster growth in domestic demand means that U.S. natural gas producers have to look to export markets for salvation.
Rockies Service Pricing Stable, But Activity Gains Elusive
Well stimulation levels have bottomed in the Greater Rockies following 18 months of decline, though significant activity expansion isn't likely anytime soon, service providers tell Hart Energy.
The Case For $4.50 Gas This Winter
Low crude prices and lack of gas-directed drilling bump up against growing demand. The result could be a price jump for U.S. natural gas.
Dry Gas Basin Activity Highlights: August 2016
Larry Prado, Hart Energy's activity editor, summarizes some of the recent action in dry shale gas basins by companies including Southwestern Energy, Newfield Exploration and Comstock.
Battle Underway For Rockies' Well Stimulation Market Share
Halliburton is easily on top in the D-J and the Greater Green River basins, but ceded share in the second quarter.
Rockies: Workover Prices Static In Face Of Increasing Demand
Contractors expect workover rates to remain flat for the remainder of 2016, even with growing activity in the Greater Rockies’ Uinta Basin and Niobrara Shale.
D-J, Uinta Basins See Minor Uptick In Drilling
Even though operators have increased horizontal rigs in the Denver-Julesburg Basin, there are mixed messages whether drilling activity is actually rising in the Greater Rockies' market.