Oil Companies News

Oil, liquids-rich shales dominate capital spending budgets for 2012

Mar 5, 2012

Capital expenditures for all oil and gas projects in North America will increase modestly this year, according to Oil & Gas Journal's annual spending outlook.

UNCONVENTIONAL OIL & GAS FOCUS: Poland shale gas could change European supply mix

Nov 7, 2011 Poland's push toward exploration, development, and anticipated production of shale gas appears to have become almost a national mission for the European nation seeking to break its reliance upon co...

OGJ150 firms post improved 2010 results with stronger prices, production, reserves

Oct 3, 2011 The OGJ150 group of oil and gas producers recorded much-improved 2010 financial and operating results compared with results from a year earlier, buoyed by stronger crude prices and increased produc...

FOCUS: UNCONVENTIONAL OIL & GAS: Multiple models likely for Niobrara horizontal play

Sep 5, 2011

Companies using horizontal drilling and multistage fracturing are taking a fresh look at the Niobrara shale play in the Rocky Mountain region.

Chesapeake puts some DJ basin assets on sales block

May 24, 2012 Chesapeake Energy Corp., Oklahoma City, has put 503,863 net acres of its oil and natural gas holdings in the Denver-Julesberg basin up for sale. The acreage includes the Niobrara shale play of nort...

Michigan pinnacle reef joint venture planned

May 24, 2012 Petrolympic Ltd., Toronto, plans to form a joint venture with Energex Petroleum Inc., Windsor, Ont.,  to acquire 50% indirect working interest in Energex’s Michigan pinnacle reef properties. E...

Magnum Hunter unit to buy Bakken assets from Baytex

May 23, 2012

Bakken Hunter LLC, a subsidiary of Magnum Hunter Resources Corp., closed a $312 million acquisition of Baytex Energy Corp.’s nonoperated interests in North Dakota.

New firm targets deepwater subsalt plays

May 22, 2012

Venari Resources LLC, Dallas, is beginning work as a deepwater Gulf of Mexico exploration company with private financing of as much as $1.125 billion.

MDU Resources unit buys Bakken midstream assets

May 21, 2012 MDU Resources Group Inc., through its Bitter Creek Pipelines LLC subsidiary, plans to pay $66 million for a 50% interest in Whiting Oil & Gas Corp.’s Bakken midstream assets near Belfield, ND.

Chesapeake believes asset sales will help ease financial woes

May 21, 2012 Oklahoma City independent Chesapeake Energy Corp. is confident it will complete assets sales to help resolve financial concerns, its chief executive officer told analysts and investors during a con...

EQUIPMENT | SOFTWARE |LITERATURE

May 21, 2012

Oil prices in the stars

May 21, 2012 E-mail recently delivered a message advocating use of "financial astrology" to predict "with 70-90% accuracy" prices of oil, gold, corporate stocks, or the exchange rate for the...

LINN Energy joins Anadarko in Salt Creek carbon dioxide flood

May 18, 2012 LINN Energy LLC, Houston, will fund $400 million of Anadarko Petroleum Corp.’s future development costs in giant Salt Creek oil field in Wyoming in exchange for being assigned a 23% interest in the...

Atlas to acquire Titan Fort Worth Barnett shale assets

May 17, 2012 Atlas Resources Partners LP, Philadelphia, will acquire 250 bcf equivalent of proved reserves in the Barnett shale in the Fort Worth basin from Titan Operating LLC, private Fort Worth independent, ...

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Offshore Middle East Conference & Exhibition

January 21, 2013
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