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Templar Energy to acquire Granite Wash assets for $588 million

Jul 29, 2014

Templar Energy LLC, Oklahoma City, has agreed to purchase Granite Wash assets from Newfield Exploration Co., Houston, for $588 million, effective July 1. The deal is expected to close in the third quarter.

WoodMac: Wolfcamp spending could surpass that of Bakken by 2017

Jul 29, 2014

Activity in the Wolfcamp shale is expanding and, by as early as 2017, could overtake the Bakken in tight oil spending, according to analysis on the West Texas-New Mexico play from Wood Mackenzie.

Study examines return-investment balance

Jul 29, 2014

Europe and Africa are the regions under greatest scrutiny by major oil and gas companies trying to tighten capital discipline in response to pressure to improve shareholder returns, concludes a new report by Wood Mackenzie.

EIA: Firms with flattened cash flow increase borrowing to meet spending

Jul 29, 2014

In line with the lowest price volatility in years and stable crude oil prices, cash flow from operations for major energy companies has flattened. Data compiled from quarterly reports suggest that, for the year ending Mar. 31, cash from operations for 127 major oil and gas companies totaled $568 billion, and major uses of cash totaled $677 billion, generating a gap of almost $110 billion, according to a recent study by the US Energy Information Administration.

Chesapeake, RKI E&P agree on Powder River acreage exchange

Jul 29, 2014

Chesapeake Energy Corp. and RKI Exploration & Production LLC (RKI), both of Oklahoma City, have agreed to exchange nonoperated interests in 440,000 gross acres in the Powder River basin in southeastern Wyoming.

MARKET WATCH: NYMEX crude oil futures fall as US driving season winds down

Jul 29, 2014

Crude oil futures prices fell on the New York market on July 28, which analysts attributed to concerns that demand for gasoline will drop with the end of the summer-driving season. Labor Day is seen as the end of the US summer vacation season and increased gas demand.

IPAA survey: Regulation becoming more burdensome for oil, gas independents

Jul 28, 2014

Regulations over the past 5 years have made operations more complex for independent oil and gas producers, according to a recent survey, Profile of Independent Producers 2012-13, released by the Independent Petroleum Association of America.

LNG Ltd. to buy Nova Scotia site for exports

Jul 28, 2014

Liquefied Natural Gas Ltd. signed an agreement to buy 100% of Bear Head LNG Corp. (BHLC) in Nova Scotia from a subsidiary of Anadarko Petroleum Corp.


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