Cotton Valley
Sabine Oil & Gas Latest To Sell In Haynesville Hotspot
GEP Haynesville acquires Haynesville leases as companies such as BP dig in with rigs and others fortify positions through deals.
Amplify Energy Revs Up East Texas Drilling Program
Amplify Energy is accelerating its East Texas drilling program targeting horizontal development of the Cotton Valley Formation as the Houston-based company positions itself for growth.
Tokyo Gas Buys Stake In Castleton's East Texas Gas Unit
Tokyo Gas did not reveal the price for the stake in Castleton, which owns and operates over 160,000 net acres of leasehold in East Texas with access to the Cotton Valley and Haynesville Shale.
EPA To Reconsider Rule On Fugitive Emissions From Oil, Gas Wells
The move signaled another retreat from climate change action after the Trump administration in March halted an effort to gather methane data from existing oil and gas operations to rein in leaks.
Wood Group Estimates Higher Cost Savings From Amec Foster Deal
Wood Group said it expected about 36% more cost savings from its deal to buy Amec Foster for 2.2 billion pounds (US$2.7 billion) than it first estimated when announcing the deal in March.
BP Reportedly Agreed To Cut CEO Bob Dudley's Maximum Pay
Sky News said that Dudley's maximum annual pay over the next three years will now be about 12.2 million pounds (US$15.22 million) including his salary, an annual bonus and a long-term share incentive plan.
Schlumberger, Weatherford JV Creates $3.8 Billion Frack Leviathan
The JV, called OneStim, will rival Halliburton’s frack fleet in the U.S. and Canada and further shrinks the pressure pumping marketplace to the detriment of smaller companies, an analyst said.
Schlumberger, Weatherford To Form OneStim JV
The JV will offer 'one of the broadest multistage completions portfolios in the market combined with one of the largest hydraulic fracturing fleets in the industry,' according to the release.
Halliburton Warns Of First-Quarter Profit Miss As Costs Rise
The company expects its earnings per share to be in low-single digits in the quarter ending March, CEO David Lesar said on a conference call on March 24.
ICE To Offer First-Ever US LNG Futures Contract
The U.S. started exporting gas from the Lower 48 in February 2016, when the first vessel left Cheniere Energy's Sabine Pass export terminal in Louisiana.