Items Tagged with 'million'

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Antero Midstream IPO Fetches $1 Billion in Debut

Antero Resources Corp. saw its fortunes rise on Wednesday when it completed the initial public offering (IPO) of its midstream master limited partnership (MLP), raising $1 billion in one of the largest such debuts to date. Read More

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

Stampede Field in Deepwater Gulf of Mexico in Production by 2018, Hess Says

Hess. Corp., operator and partial owner of the Stampede oil and natural gas project in the deepwater Gulf of Mexico (GOM), will move forward with the project and expects it to begin production in 2018, the company said Thursday. Read More

Texas Crude Production Climbing, NatGas Down From Year-Ago Levels

Texas crude oil and natural gas production statistics continue to reflect producers’ preference for oil over less-lucrative natural gas... Read More

Customer Demand Drives Patterson-UTI Focus on High-Tech Rigs, HP

Patterson-UTI Energy Inc. (PTEN) expects to have an estimated 27% more in onshore horsepower capacity for its pressure pumping fleet services by the middle of 2015 as customers push for more intense hydraulic fracturing (frack) services, executives said Thursday. Read More

Undaunted by Commodity Prices, Kinder Morgan More Bullish on Midstream

When commodity prices are in decline, executives at Kinder Morgan Inc. get even more bullish about opportunities in the midstream sector. Read More

Clean Energy Acquires CNG Supplier, Sets Fueling Milestone

Newport Beach, CA-based natural gas transportation fuel provider Clean Energy Fuels Corp. on Tuesday closed its acquisition of a controlling interest in privately-held NG Advantage, and delivered, for the first time, more than 50 million compressed natural gas (CNG) gallons in the last quarter. Read More

American Midstream's Purchase of Costar Bolsters Onshore NatGas, Oil Services

Adding to a string of acquisitions over the past year, Denver-based American Midstream Partners LP on Tuesday completed a $470 million deal to acquire Dallas-based Costar Midstream LLC, boosting its natural gas gathering abilities in the Permian Basin and in East Texas, and giving it leverage in the oil-rich Bakken Shale. Read More

Magnum Hunter Steadily Selling Off Bakken Assets

Magnum Hunter Resources Corp. keeps whittling away at its North Dakota portfolio, announcing late Thursday another deal to sell more of its nonoperated Bakken Shale assets, this time divesting 12,500 net acres for $84.7 million to a large undisclosed independent. Read More

EQT Fights Escalating Penalties for Water Violations

Marcellus heavyweight EQT Corp., one of Pennsylvania's leading producers, is in a showdown with the state Department of Environmental Protection (DEP) over a 2012 impoundment leak that finds it facing a $4.53 million fine and six separate criminal charges in Commonwealth Court. Read More