Report: US Will Be Natural Gas Net Exporter By 2017
A portion of the gas exported from the U.S. will be pipelined to Mexico, but most of it will be liquefied and then loaded onto tanker ships destined for overseas markets in Europe and Asia.
Wilder Becomes EXCO’s Executive Chairman, Joins Board
C. John Wilder is executive chairman of Bluescape Resources LLC. EXCO closed under the services and investment agreement with Energy Strategic Advisory Services LLC, subsidiary of Bluescape Resources Co. LLC.
Oil Prices Will Rise In 2016, EOG's CEO Says
A jump in prices would only help EOG, one of the largest U.S. shale oil producers, as it weathers a more-than 50% drop in oil since last summer, Reuters said.
Samson Resources Corp. Finalizes Restructuring Plan
Samson engaged Blackstone Advisory Partners as its investment banker and Alvarez & Marsal North America as its restructuring adviser. Samson’s restructuring counsel is Kirkland & Ellis, Reuters said.
Shales See Permits Decline By 13% In Second Quarter
The news comes on the heels of an anemic first quarter in which permits applications dropped 32% and gas play applications fell by 35%.
Samson Resources' Lenders Target Restructuring For $4.15 Billion Debt
Samson Resources Corp.’s lenders target restructuring deal for $4.15 billion debt. A $110 million interest payment on bonds is due Aug. 15, people with knowledge of private matter told Bloomberg.
Refracking Remains A Boutique Technique Without More Money, Innovation
Refracking has been met with enthusiasm—especially when it works—and skepticism, but in order to move forward, the industry needs a large-scale refracking program and more investment IHS says.
Frack Water Use Varies From Sips To Gulps, Study Says
Researchers find that water volumes for fracking within watersheds across the U.S. range from as little as 2,600 gallons to as much as 9.7 million gallons per well.
Aethon, RedBird Acquire SM Energy's Ark-La-Tex Assets
The deal, worth about $54 million, was the second transaction of SM's divestiture in the Ark-LA-Tex area of East Texas and northern Louisiana.
Japan's Itochu Returns Stake To Samson Resources
Itochu Corp. sold back its 25% stake in Samson Resources Corp. to the company for $1 based on company operations and oil prices, Bloomberg said.