With its second quarter reporting, Anadarko Petroleum Corp. (ticker: APC) reported an average production of 631,000 BOEPD and said it reduced its investments by $300 million for the year. In its Delaware basin assets, Anadarko’s oil production averaged 33,000 BOPD—a 52% increase from its Q2 production in 2016. The company’s 2017 guidance was revised down from 235 to 239 MMBOE
Bill Barrett Corporation (ticker: BBG) has built a core position in the Northeast Wattenberg field in Colorado’s Denver-Julesberg (DJ) Basin, where it holds 71,900 net acres. The company also has producing acreage within the Uinta Basin in Utah, numbering approximately 24,000 acres. Debt load 1/3 of what it once was Bill Barrett Corporation has steadily reduced net debt levels to
DJ basin operator Nighthawk Energy (ticker: HAWK) updated its operations, year-end reserves and cash position on Wednesday. Year-end Reserves Nighthawk has finalized its year-end reserve report and has received the audited Proved Developed Producing reserve report from the Company’s independent reserve engineering firm, Ryder Scott Company LP under SPE standards. The reserves were estimated using current production, anticipated decline curves,
Noble Energy announces $2.3-$2.6 billion budget with a focus on liquids in the DJ, Delaware and Eagle Ford Houston-based Noble Energy (ticker: NBL) announced the company’s capital guidance for the year, stating that the company plans to increase its spending by $950 million (63%) from its 2016 capital budget. The company said it will spend between $2.3 and $2.6 billion
Synergy will pursue further A&D opportunities in the DJ Synergy Resources Corporation (ticker: SYRG) announced it has entered into a purchase-sale agreement with a private party to divest 10,000 net undeveloped acres and approximately 700 BOEPD of associated production for $71 million. The divested acres are outside of its core Wattenberg development area in Colorado’s DJ Basin. The transaction is expected to close in
Anadarko closes $2 billion Freeport-McMoRan Gulf of Mexico asset acquisition, ramps up Permian activity, announces GOM oil discoveries Houston-based Anadarko Petroleum Corp. (ticker: APC) announced Thursday that the company has closed on its acquisition of Freeport-McMoRan’s (ticker: FCX) Gulf of Mexico (GOM) assets. The company announced in September that it would pay $2 billion for FCX’s offshore assets, a move
Bill Barret is pursuing a number of avenues to achieve its peer-leading margins, the company told Oil & Gas 360® this week Northeast of Denver lies the Denver-Julesburg Basin, a hydrocarbon-rich formation that extends into southeast Wyoming, western Nebraska and Kansas. Since its discovery in 1901, the DJ as it’s commonly referred to, has been an important producing area for
Bill Barrett Corporation (ticker: BBG) is a Denver based exploration and production company that operates primarily in the Uinta Basin in Utah and the Denver-Julesburg basin in Colorado. Bill Barrett currently operates 182,500 acres in the two basins after streamlining their acreage over the past year. In 2014, the company executed an acreage exchange and sale that added 7,856 net
New Anti-Energy Development Initiatives Registered with Secretary of State Eleven initiatives aimed at Colorado’s oil and gas development were issued on December 22, 2015, marking the start of a new chapter in the Centennial state’s ongoing tug of war between the energy industry and neighboring communities. Eight of the proposed initiatives targeted setbacks for operations, but two of the measures are
CALGARY, AB–(Marketwired – December 21, 2015) – (TSX: ECA) (NYSE: ECA) Encana Corporation announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., expects the previously announced sale of its DJ Basin assets to Crestone Peak Resources, 95 percent owned by Canada Pension Plan Investment Board and five percent by The Broe Group, to close in the second
Receives Near-term Debt Relief by Extending Credit Maturities Anadarko Petroleum (ticker: APC) provided a fourth quarter update prior to the opening of the market on December 17, 2015, highlighting news from its drilling program and adjustments to its credit facilities. The Woodlands-based company announced the renewal of its $2 billion, 364-day credit facility to a new maturity in January 2017,
Nighthawk provides an update on its drilling program in the DJ Basin Nighthawk Energy (ticker: HAWK.L) released an operational update on its drilling program in the Denver-Julesburg (DJ) Basin. According to the press release from Nighthawk, the company is currently in the process of filing for approval of its planned Arikaree Water Flood Project with the Colorado Oil and Gas
