Articles by Carolyn Davis

Continental Cuts Capex by 12%, Monetizes Oil Hedges

Continental Resources Inc. is betting that the sell-off in crude oil has hit bottom and has monetized nearly all of its hedge positions through 2016, while keeping about one-third of its natural gas hedged in 2015 at an average price of $4.34/Mcf. Read More

DOJ Subpoenas Chesapeake Regarding Royalty Payment Practices

Chesapeake Energy Corp. has received subpoenas from the U.S. Department of Justice (DOJ) and state agencies in connection with leasehold purchases and royalty underpayments, according to a regulatory filing. Read More

Sunoco OKs Mariner East 2, Pursues Marcus Hook NGL Hub

The Mariner East 2 project, the second phase of a broad plan to expand natural gas liquids (NGL) transport out of the Appalachian Basin, is a go following a successful open season, Sunoco Logistics Partners LP said Thursday. Read More

Texas Oilfields Push Devon Production Forecast 3% Higher

Devon Energy Corp. expects to achieve 14% more production this year than it did in 2013, a 3% higher forecast from a few months ago, after surpassing expectations from Texas oilfields during the third quarter. Read More

Chesapeake Now 'Weapons-Grade' on Attacking Costs, Pushing Value, Says Lawler

Given a mandate to optimize metrics across the board, Chesapeake Energy Corp.'s operations teams grabbed their axes and took to chopping, a task so well performed over the past year that CEO Doug Lawler on Wednesday declared them "weapons-grade." Read More

Upstream Margins Squeezed as Costs Escalate, Profits Decline, Says IHS

The global upstream industry's capital expenditures totaled $720 billion in 2013, 18% higher than a year before, but margins were squeezed as costs escalated and profits declined, an IHS Inc. analysis has found. Read More

SandRidge Delays Quarterly Results Pending SEC Review

SandRidge Energy Inc. said Tuesday it will delay filing its 3Q2014 report until it has resolved a "routine review" by the U.S. Securities and Exchange Commission (SEC), which could result in restating almost two years of earnings results. Read More

BOEM Quadruples Estimate of Recoverable Reserves from Chukchi Leases

The Bureau of Ocean Energy Management has quadrupled its estimate for the amount of oil and gas recoverable from a Chukchi Sea lease sale that was held in 2008. Read More

Chevron's Permian Production Increasing Faster Than Forecast

Chevron Corp.'s Permian Basin, and specifically the Midland and Delaware play, helped increase North American shale and tight resources production year/year by 23,000 b/d in the third quarter. Read More

FTS Eyes Onshore Expansion with J-W Wireline Purchase

Well completions giant FTS International plans to increase its wireline capacity by tenfold in an agreement to buy J-W Wireline Co., one of the largest independent cased-hole wireline companies in North America. Read More