Tag: Barnett Shale
Chesapeake comes out of the trough – Wood Mackenzie
Chesapeake is also targeting the Powder River Basin again after an unsuccessful divestment attempt At Chesapeake’s 2016 Analyst Day, it was clear that the company’s new ex-Anadarko management team had significantly changed Chesapeake’s business strategy, and the outlook is promising, according to Wood Mackenzie. In Wood Mackenzie’s latest report and Crude for Thought podcast, their analysts explore Chesapeake’s […]
Rice Energy to buy Vantage Energy for $2.7 billion – Marcellus, Utica, Barnett assets
Rice Energy raised its 2016 capital budget to $735 million from $660 million due to acquisition (Reuters) – Oil and gas producer Rice Energy Inc will buy Vantage Energy LLC and Vantage Energy II LLC for about $2.7 billion, including debt. Though stronger shale oil producers have added acreage after oil prices slid more than […]
Total bucks Saddle Resources out of the Barnett Shale
Relative bargain for Total, which gains three-times its original stake in the play for around a quarter of the original cost By exercising its pre-emptive right to acquire Chesapeake’s 75 per cent interest, Total will become a 100 per cent owner and operator of the joint venture’s Barnett Shale assets and increase its exposure to US shale gas by […]
Total sees bargain buy in Chesapeake Barnett shale assets
Chesapeake Barnett shale produces about 65,000 boe per day By Bate Felix PARIS, Sept 9 (Reuters) – French oil and gas company Total will increase its exposure to U.S. shale gas by buying 75 percent of Barnett Shale assets from Chesapeake, taking advantage of a far lower price than it paid for its original 25 […]
State of the oil patch: It ain’t pretty in the Barnett Shale, but future looks better
Peak tight gas production in Barnett Shale is 5 Bcf/d, down to 4.5 Bcf under current conditions Global shale natural gas production will rise by 400 per cent over the next 25 years, but that’s little consolation for Barnett Shale producers, who are just doing their best to weather the price rout that began in […]
Chesapeake Energy rumoured to be selling Barnett Shale position
Chesapeake is focusing its capital in the Haynesville, where it’s running three rigs, with hopes to have 140 wells online by 2017 If a long-rumoured sale of Chesapeake Energy’s Barnett Shale assets comes to fruition, thousands of producing Texas wells could change hands to the tune of US$1.4 billion, according to Wood Mackenzie. Wood Mackenzie’s Lower 48 […]
Move over Trump and Clinton, ‘Fracking for President’ just entered the election race
Digital only PR campaign aims to raise awareness of fracking benefits by focusing on younger voters Hillary Clinton and Donald Trump have a new competitor. A natural gas industry group recently launched a spoof website promoting “Fracking for President,” with the goal of engaging Millennial voters on energy issues. The site is the brainchild of […]
Chesapeake Energy facing another suit over Barnett Shale royalty fees
Involves oil/gas leases covering more than 5,400 Barnett Shale mineral acres, more than 750 producing gas wells More than 30 business entities and individuals are suing Chesapeake Energy Corp. (NYSE: CHK) based on claims that the company structured a series of contracts in order to receive excessive fees and other charges after the 2009 sale […]
American oil producers demand return of Eisenhower-era import quotas
Banning OPEC oil would require US, Canada to produce only 3 million b/d more of crude oil Some American oil producers have had just about enough of Saudi Arabia. They’re calling for the next President to impose import quotas on light oil and to shut OPEC out of the US market. The Panhandle Producers & Royalty Owners […]
BlueStone acquires Quicksilver’s US assets, 1,000 producing wells in Barnett Shale
Barnett Shale acquisitions coupled with its South Texas holdings, BlueStone will have net production of more than 180 MMCFE per day TULSA, Okla. – BlueStone Natural Resources II, LLC has announced that it has closed on the purchase of Quicksilver Resources Inc.’s U.S. oil and gas assets, 1,017 producing wells in the Barnett Shale play, with additional […]
Connect
Connect with us on the following social media platforms.