More Companies News

BP to sell to Hilcorp certain interests in four ANS assets

BP PLC reported that it will sell certain interests in four of its operated oil fields on Alaska's North Slope to Houston independent Hilcorp.

BG Group chief executive resigns

BG Group’s board has accepted Chris Finlayson’s resignation as chief executive and executive director, effectively immediately. Andrew Gould, BG nonexecutive chairman, will take over as interim executive chairman until a permanent replacement is appointed, the company said.

Texas Petro Index reaches record-high for February

The Texas Petro Index (TPI), a composite index based on a comprehensive group of upstream economic indicators released by the Texas Alliance of Energy Producers (TAEP), reached yet another record high, tallying a score of 300.6 in February as a result of rapidly increasing production, higher wellhead prices, and revised statewide employment numbers.

Nexen names chief executive officer

Nexen Energy ULC, a wholly owned subsidiary of CNOOC Ltd., has selected Fang Zhi as chief executive officer. He succeeds Kevin Reinhart, a 20-year company veteran who oversaw the acquisition of Nexen by CNOOC.

Hess to sell Thailand assets for $1 billion

Hess Corp. has sold its interests in Tailand’s Sinphuhorm and Pailin fields to PTT Exploration & Production PCL (PTTEP) for $1 billion, effective July 1, 2013.

Moore named Gulfport Energy chief executive

Michael G. Moore has been named chief executive officer and a director of Gulfport Energy Corp., Oklahoma City. He had been interim chief executive and chief financial officer. He joined Gulfport Energy in 2000 and became president in August 2013.

BP to sell to Hilcorp certain interests in four ANS assets

BP PLC reported that it will sell interests in four BP-operated oil fields on the Alaska North Slope to Houston independent Hilcorp.

Texas Petro Index reaches record-high in February

The Texas Petro Index (TPI), a composite index based on a comprehensive group of upstream economic indicators released by the Texas Alliance of Energy Producers (TAEP), reached yet another record high, tallying a score of 300.6 in February as a result of rapidly increasing production, higher wellhead prices, and revised statewide employment numbers (OGJ Online, Oct. 2, 2013).

OTHER REGIONAL Briefs

Range Resources boosts Marcellus shale production above 1 bcfd

Range Resources Corp. plans to further increase its production in the Marcellus shale in 2014 and has set a higher capital spending budget that will enable it to drill even longer laterals and utilize more completion stages at its Marcellus wells this year.

EAGLE FORD Briefs

Bakken leader Continental Resources drills deeper into Three Forks formation

The Bakken-Three Forks tight oil formation is already one of the top producing oil plays in the US, but leading operator Continental Resources Inc. believes there may be even more oil in place than previously thought in deeper benches of the Three Forks formation.

BHP plans to double Eagle Ford output by 2016

BHP Billiton is focusing the bulk of its US onshore spending on the Eagle Ford shale this year and seeing promising results from field trials aimed at increasing production and reducing costs at its wells in the South Texas shale play.

PNR closes sale of Alaska subsidiary

Pioneer Natural Resources Co. (PNR), Dallas, has completed the sale of its subsidiary Natural Resources Alaska Inc. to Caelus Energy Alaska LLC, Dallas, for $300 million. PNR initially reported a sale price of $550 million.

Noble to appoint new chief executive officer

Noble Energy Inc. reported that Charles D. Davidson, chairman and chief executive officer, plans to retire and leave the company’s board on May 1.

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