Haynesville – Page 5 – Oil & Gas 360

Chesapeake Energy Sells Second Haynesville Position for $465 Million

December 21, 2016

Combined Haynesville divestitures have raised $915 million for Chesapeake Energy Oklahoma City-based Chesapeake Energy (ticker: CHK) announced Tuesday that the company has signed an agreement to sell the second of two non-core positions in the Haynesville. The northern Louisiana assets will be sold to an affiliate of Covey Park Energy, a private energy company, for $435 million, according to Chesapeake.

Goodrich Targets Haynesville Shale in 2017

December 20, 2016

Goodrich Petroleum announces $40 million capex plan targeting the Haynesville for 2017 Houston-based Goodrich Petroleum Corp. (ticker: GDPP) announced that the company’s board of directors has approved a preliminary capital expenditure budget for next year. The company plans to spend $40 million in 2017, Goodrich said in a press release Tuesday. The company said it plans to drill 12-16 gross

Goodrich Petroleum Common Stock Commences Trading On OTCQX

December 8, 2016

Goodrich focused on TMS, Haynesville, Eagle Ford Goodrich Petroleum Corporation’s (OTCQX: GDPP) common stock commenced trading today on the OTCQX market under the trading symbol GDPP. Goodrich President Robert C. Turnham said in a statement, “We are very pleased to have the opportunity to trade on OTCQX and see this as an important step towards increasing shareholder liquidity and investor

Chesapeake Selling First of Two Haynesville Positions for $450 Million

December 5, 2016

Haynesville transaction takes tally to $2 billion in gross divestitures in 2016 for Chesapeake Energy Oklahoma City-based Chesapeake Energy Corp. (ticker CHK) announced that the company signed an agreement to sell a portion of its Haynesville shale acreage and producing assets in northern Louisiana to a private company for approximately $450 million. Included in the sale are approximately 78,000 net

U.S. Production by Basin

August 22, 2016

Permian, Marcellus Lead U.S., while Eagle Ford Dives Hard As cost structures are held in check and oil price fluctuations are seemingly without end, producers are evaluating acreage positions and determining what are the best assets. As covered by Oil & Gas 360®, the Permian basin has been the hot bed of activity recently. With IRRs and breakeven costs in

EnerCom Conference Presenter Focus: QEP Resources

August 4, 2016

QEP Resources will present at EnerCom’s The Oil & Gas Conference® 21 on Aug. 16. QEP resources, Inc. (ticker: QEP) is an independent crude oil and natural gas exploration and production company headquartered in Denver, Colorado. The company’s operations are focused on all three components of hydrocarbon production, oil, natural gas liquids, and dry natural gas. QEP holds acreage in

Encana Reports Core Assets Produced 257 MBOEPD in August

September 9, 2015

Encana reported an increase of 24 MBOEPD from Q2 averages Calgary-based Encana Corp (ticker: ECA) reported today that production from its four main assets increased to 257,000 barrels of oil equivalent per day (MBOEPD), up 24 MBOEPD from the average production of 223 MBOEPD in the second quarter of 2015. Operations in the Permian, Eagle Ford, Duvernay and Montney will

Encana in the Haynesville: From Entry to Today’s $850 Million Exit

August 25, 2015

Calgary-based Encana Corporation (ticker: ECA) made a big jump in reducing its debt on August 25, 2015, selling the entirety of its assets in the Haynesville for total cash consideration of $850 million. The buyer, GEP Haynesville (a joint venture involving GeoSouthern and funds managed by GSO Capital Partners LP), receives 217 MMcf/d of production and 720 Bcfe of proved

Shell Divests Pinedale and Haynesville, Adds 155,000 Net Acres in the Marcellus and Utica

August 15, 2014

Royal Dutch Shell (ticker: RDS.A) is shifting around its U.S. onshore assets. Yesterday, the company announced it will acquire 155,000 net acres in the Pennsylvania Marcellus and Utica from Ultra Petroleum (ticker: UPL). Ultra agreed to pay Shell $925 million for 100% of Shell’s Pinedale asset in Wyoming. In separate agreement, Shell has agreed to sell 100% of its Haynesville

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