Production

Coal production, prices decline in 2015 as natural gas, renewables gain

News

American coal’s share of electricity generation has fallen as market share of natural gas, renewables grew Since reaching a high point in 2008, coal production in the United States has continued to decline, according to the US Energy Information Administration. U.S. coal production in 2015 is expected to be about 900 million short tons (MMst), 10 […]

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Pioneer Natural Resources produces more oil in 2015 than forecast

Energy Financial

Pioneer Natural Resources expects 2015 production growth of 12% compared to 2014, increase from previous guidance of 11% Pioneer Natural Resources says it produced more oil than forecast earlier and the company is raising $1.4 billion, partly to continue developing West Texas fields. “The performance from our Spraberry/Wolfcamp horizontal drilling program continues to be outstanding,” said

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Range Resources closes Nora asset sale for $865 million

Energy Financial

Range Resources revolving credit facility remains unchanged at $3 billion Fort Worth, Texas-based Range Resources Corporation today announced that it has completed the sale of its Nora assets in southwestern Virginia for $865 million. After purchase price adjustments based upon a November 1st effective date, Range will include the Nora operations for the full fourth quarter of

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Business leaders want COP 21 implementation to follow American model

News

“API will closely scrutinize the COP 21 agreement to see how it references the US model of reducing emissions through technological innovation and increased use of natural gas.” – Gerard Now that COP 21 has wrapped up, American energy leaders are promoting their model of private sector market-led emissions reductions they say has already proven to

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Tall City Exploration closes sale agreement worth $803 Million

Energy Financial

Tall City Exploration sold 15,000 acres, 1,400 boepd in Reagan and Crockett Counties, Texas to American Energy in Nov. 2014 MIDLAND, Texas – Tall City Exploration LLC announced today that it has closed an agreement with Moss Creek Resources, LLC to sell substantially all of its exploration and production assets for $803 million. Tall City’s

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Chemical Activity Barometer: US economy stabilizing after 3 month decline

News

Chemical Activity Barometer signals average lead of eight months at cycle peaks WASHINGTON – The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), stabilized in November, rising 0.1 per cent following three consecutive months of decline. Oct. data was revised up 0.3 per cent and Sept. by 0.2 percent.

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