US Natural Gas Producers Eye More Production Cuts as Prices Fall
After prices fell nearly 40% in just two months, major U.S. gas producers plan to curtail their production further during the second half 2024. The Henry Hub futures…
Wave of N. American Oil and Gas Bankruptcies to Continue at $40 Oil
A wave of oil and gas bankruptcies in North America is likely to continue this year as oil prices remain depressed and a new surge of COVID-19 cases threaten to stall any recovery in fuel demand…
Shale Pioneer Chesapeake Energy Files for Bankruptcy
Chesapeake Energy Corp filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed to heavy…
Chesapeake Energy to Reduce CapEx by 30%
U.S. oil and gas company Chesapeake Energy Corp said it expects its capital expenses to drop by about 30% in 2020 after it reported a bigger-than-expected loss on Tuesday…
U.S. NatGas Prices Near 25-year Low as Glut Weighs
In the shale field that helped launch the U.S. natural gas boom a decade ago, Chesapeake Energy Corp this month set aside its last drilling rig. The problem for the once No. 2 U.S.
Battered U.S. Oil Producers Soar on Saudi Attacks
Shares of U.S. oil and gas companies surged on Monday, as a jump in oil prices in the wake of attacks on Saudi Arabia's oil facilities drove a relief rally in one of…
LNG Trailblazer Eisbrenner Dies at 58
Kathleen M. Eisbrenner, a liquefied natural gas (LNG) industry pioneer and Founder and Chairman of the Board of Directors at US based LNG development company NextDecade Corporation…
Chesapeake Beats Street, Predicts Higher Output
Chesapeake Energy Corp's quarterly profit beat analysts' estimates on Wednesday and the company said it expects to produce more crude oil in 2019, boosted by its acquisition…
Chesapeake Acquires WildHorse for $4B
Chesapeake Energy has entered into a definitive agreement to acquire WildHorse Resource Development, an oil and gas company with operations in the Eagle Ford Shale and…
Encana Widens N. America Reach with $5.5 bln Newfield Deal
Canada's Encana Corp will buy Newfield Exploration Co for $5.5 billion, giving the natural gas producer greater access to North America's biggest oilfields.Thursday's…
BP Pays $10.5 bln for BHP Shale Assets
BP Plc has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton for $10.5 billion, expanding the British oil major's footprint in some of the nation's…
Chesapeake Beats Street as Costs Fall
Chesapeake Energy Corp's quarterly profit exceeded analysts' estimates on Wednesday, as it produced more oil and natural gas at higher prices while continuing to lower costs…
Chesapeake Energy's Q4 Profit Beats Street
Chesapeake Energy Corp's fourth-quarter profit topped analysts estimates, helped by higher production and prices of oil and natural gas, sending the company's shares…
US Oil Industry Set to Break Record, Upend Global Trade
Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.
Chesapeake Energy Beats Street
Oil and gas producer Chesapeake Energy Corp reported on Thursday a quarterly adjusted profit that beat analysts' estimates on tight cost controls and higher oil prices.
Chesapeake Energy Expects Q3 15 pct Output Drop
Chesapeake Energy Corp said it expects a 15 percent drop in third-quarter production due to disruptions in weather, asset sales and changes in capital allocation. The…
Chesapeake Profit Beats Street
U.S. natural gas producer Chesapeake Energy Corp reported a better-than-expected quarterly profit and raised its 2017 production estimate, helped by an uptick in crude…
US Shale Producers Say Spending Flexibility Is Key
U.S. shale oil producers plan to keep drilling new wells despite this month's crude price drop but expect to revisit spending should pricing remain below $45 a barrel for several months.
Chesapeake Energy Beats Street, Plans Rig Cuts
U.S. natural gas producer Chesapeake Energy Corp reported a better-than-expected quarterly profit on Thursday and said it expects production to rise for the rest of…
US Drillers Add No Oil Rigs as Harvey Slows Production
U.S. energy firms did not add any oil rigs this week as Hurricane Harvey barrelled into the nation's energy heartland, forcing drillers to halt production and refiners to shut plants.
