Articles tagged Shale

BP plc’s U.S. natural gas and oil portfolio, both onshore and offshore, have the potential to sharply increase reserves in the coming years, according to CEO Murray Auchincloss.

Berkshire Hathaway may own more than one-quarter of Occidental Petroleum Corp. (Oxy), but the giant investment firm has no plans to take over, Chairman Warren Buffett said.

Haynesville Shale exploration and production (E&P) companies are biding their time and keeping an eye on forward natural gas prices in anticipation of more LNG takeaway by 2025, DT Midstream Inc. (DTM) CEO David Slater said Tuesday.

British Columbia (BC) and Blueberry River First Nations struck a historic agreement this week to  partner on resource stewardship that among other things could limit new oil and natural gas development, as well as revamp future energy activities.

Argentina’s YPF SA is aiming to sanction an LNG export project by the end of 2023, according to CFO Alejandro Lew.

TC Energy Corp. is working to connect more natural gas supply from the Haynesville Shale and Western Canadian Sedimentary Basin (WCSB) with LNG export demand, management said last week.

The U.S. rig count inched higher during the week ended Friday (Sept. 30), picking up one unit to end at 765 thanks to a small overall gain in the oil patch, according to the latest figures from Baker Hughes Co. (BKR).

The disciplined capital approach by Lower 48 natural gas and oil producers has collided with sharply higher commodity prices, giving the industry the potential to become debt free and ready to transition to lower carbon, according to Deloitte.

Houston-based Marathon Oil Corp. held its natural gas and oil production levels relatively steady during the second quarter, a trend it plans to continue, as it prioritizes financial stability over capitalizing on lofty commodity prices.

CEO Lee Tillman told investors during a 2Q2022 conference call the exploration and production (E&P) company was focused on remaining a strong investment grade company, whether gas and oil prices are high or “much lower than they are today…

Diversified Energy Co. plc said Thursday it is acquiring about 1,500 producing Midcontinent wells from ConocoPhillips.