Items Tagged with 'billion'

ARTICLES

BP Slammed on Oil Price Plunge But Still Beats Consensus

BP plc on Tuesday posted a 19% decline in third quarter profits from a year ago, in part impacted by the global oversupply in crude oil, and in part on a huge drop in profits from its near-20% stake in Russia's OAO Rosneft, but the producer still beat Wall Street consensus by a wide margin. Read More

Duvernay Production, Costs Varying Widely

Four years after inspiring a Canadian mineral rights leasing rush, a Louisiana-sized Alberta drilling target -- known as the Duvernay among geologists... Read More

Eagle Ford Is Multi-Billion-Dollar South Texas Growth Engine

Eagle Ford Shale oil and natural gas production generated more than $87 billion in economic output for Texas last year, and that contribution to the state's economy is projected by researchers to grow to $137 billion by 2023. Read More

Bakken Taking Backseat as Oklahoma Feeling Continental's Love

Continental Resources Inc. (CLR) executives made one thing clear during an investor conference on Thursday: the Bakken Shale may have brought it to the dance, but Oklahoma is taking it back home. Read More

Huge Benefits Projected for East Coast States With Atlantic OCS Drilling

Offshore oil and natural gas drilling in two offshore areas along the Atlantic seaboard could add $10.8 billion to $60 billion in value, and $2.1 billion to $11.6 billion in additional tax revenue for states along the East Coast, according to a report released Wednesday and funded by several right-leaning organizations. Read More

U.S. Tight Oil Plays Accelerating M&A Activity

North American upstream merger and acquisition (M&A) activity accelerated in the first half of this year from a year ago, dominated by onshore tight oil transactions in the United States, according to BMO Capital. Read More

Encana Adds Options With PrairieSky Sale, Says CFO

Encana Corp. put more flexibility in its balance sheet, including the ability to make acquisitions, by agreeing to sell its remaining stakes in PrairieSky Royalty Ltd., CFO Sherri Brillon said Tuesday. Read More

Alberta Raises Gas Price Expectations for Fiscal 2014-2015

After an encouraging start, the Alberta government has raised official expectations of average natural gas prices for its full fiscal 2014-2015 by 26%. Read More

Plans for IPO of Consol, Noble Midstream MLP Move Forward

Consol Energy Inc. and Noble Energy Inc. have filed paperwork with federal regulators for an initial public offering in a master limited partnership... Read More

Mega Deals Surge in Domestic Oil, NatGas Sector

Mergers and acquisitions (M&A) within the U.S. oil and natural gas sector was the strongest second quarter activity in five years, led by asset transactions, PwC US said Wednesday. Read More