Samson Resources Moves Toward Chapter 11 Emergence
In September 2016, Samson filed for Chapter 11 to reduce debt and create a capital structure that will pave the way for a 'successful future.'
US Oil Rig Count Rises To Highest Since October 2015
Drillers added 17 oil rigs in the week to Feb. 3, bringing the total count up to 583, the most since October 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on Feb. 3. During the same week a year ago, there were 467 active oil rigs.
Vanguard Natural Resources Files For Chapter 11 Bankruptcy
A debtor-in-possession financing combined with Vanguard's cash from operations is expected to give the Houston-based company sufficient liquidity during the Chapter 11 process.
Range Resources' Year-End 2016 Proved Reserves Increased 11%
Jeff Ventura, CEO, said Marcellus development drove the reserve additions because the acquisition of North Louisiana assets closed in late 2016.
Shale Triumphant: A&D Soars In 2016, Roars Into January
The year of the Permian dominated upstream transactions.
US LNG Exports Shift To Europe From Asia
U.S. LNG exporters have shifted their focus to Southern Europe from Asia as cold weather and problems with Algerian gas supply have driven Europe's gas prices higher.
Halliburton Says NAM Revenue Growth May Outpace Rig Count
Rising oil prices are prompting producers to put more rigs back to work in North America. To meet that demand, Halliburton will start reviving fracking equipment it had idled when oil prices were slumping.
EIA: US Natgas Outlook Cut; Crude Production Set To Rise
Dry gas output in 2016 averaged 72.36 Bcf/d as low energy prices reduced drilling activity. It was the first annual production decline since 2005.
Comstock Resources Boosts Haynesville Acreage With JV
The arrangement gives Comstock the ability to continue expanding its footprint in the Haynesville while minimizing its upfront cash outlays, an analyst said.
API Head Hopeful Trump Redefines Energy Policy
Trump may be willing to abide by some of the Paris climate accords, particularly those that jeopardize U.S. trade with a carbon tax.