Items Tagged with 'company'

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Magnum to Take Midstream Subsidiary Public in Early 2015

Magnum Hunter Resources Corp. said Friday it plans to take its Appalachian midstream subsidiary, Eureka Hunter, public sometime early next year, as throughput on the system continues to rise and the company plans to bring a backlog of wells online in the Marcellus and Utica shales. Read More

Gulfport Ramping-Up Production in 4Q, But Plans for 2015 Remain Unclear

Gulfport Energy Corp. offered few details about next year’s budget and operational plans during a third quarter earnings call, telling financial analysts it needs more time to gauge where commodity markets are heading. Read More

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

Undeterred by Commodity Prices, Cabot Plans Robust 2015 Program With Eagle Ford Focus

Despite admitting that 2015 could be one of the toughest years yet for oil and gas prices, Cabot Oil & Gas Corp. management on Friday reaffirmed the company’s plans to grow annual production by 20-30%, with a drilling program that could eventually lean more heavily on the Eagle Ford Shale of South Texas. Read More

Antero NatGas Output Continues Rising, Liquids Production Climbing Sharply

Antero Resources Corp. reported surging natural gas production once again during the third quarter, with volumes reaching 1.08 Bcfe/d, up 21% from the second quarter and almost double from year-ago volumes (see Shale Daily, Aug. 8; Nov. 8, 2013). Read More

WPX Still Appealing PA Orders to Replace Families’ Water Supplies

WPX Energy Inc. has appealed all three of the Pennsylvania Department of Environmental Protection's (DEP) orders to permanently replace the water supplies of families that were impacted by problems at the company's impoundment in Westmoreland County in 2012. 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

Oxy Board Approves California Oil, Gas Spin-Off

Houston-based Occidental Petroleum Corp.'s (Oxy) board of directors on Thursday approved the spin-off of the company's substantial California oil and natural gas business into an independent, separately traded unit, California Resources Corp. (CRC). Read More

Trans Energy Admits Clean Water Act Violations; Incidents Will Cost Millions

Less than a month after federal regulators levied a $3 million fine against Trans Energy Inc. for illegally dumping materials into streams and wetlands in West Virginia, the company pleaded guilty in U.S. District Court on Wednesday to three counts of violating the Clean Water Act (CWA). Read More

Feds Charge Former Consol Employee in Royalty Theft

Federal prosecutors have charged a former Consol Energy Inc. manager with 60 counts of mail fraud for an alleged royalties scheme that siphoned $440,000 from the company's interests at parcels in West Virginia and Illinois, according to charges filed Monday. Read More