Southwestern Energy Company (SWN) posted an updated presentation to its website with materials that are planned to be discussed on its company update call on December 30, 2014. Included in this material are details about the recent acquisition of southwest Marcellus and Utica assets along with the company’s plans for 2015. “These are exciting times at Southwestern Energy,” stated Steve
Tom Petrie, Chairman of Petrie Partners, appears on Bloomberg’s Street Smart to discuss the outlook of the energy industry. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not
As expected, the majority of North American E&Ps are slashing budgets in anticipation for 2015 – a year in which the Energy Information Administration forecasts West Texas Intermediate prices at $62.75/barrel. A common theme in 2015 guidance is a focus on established, reliable plays and a pullback in wildcatting and exploration projects. Some companies admitted in their Q3’14 calls that guidance
Oil, Gas Prices Aside, the U.S. Economy, DJIA and Drillers Move Ahead Oil prices inched lower this morning, with West Texas Intermediate (WTI) and Brent below $54 and $58, respectively. Crude oil inventories increased by 7.3 million barrels, according to the Energy Information Administration’s (EIA) Weekly Petroleum Status Report, released on December 24. “[The] inventories are well above the upper
Story by The National Law Review The U.S. Environmental Protection Agency (EPA) and the Department of Justice (DOJ) announced today that XTO Energy, Inc. (XTO), a subsidiary of ExxonMobil and the nation’s largest holder of natural gas reserves, will spend an estimated $3 million to restore eight sites damaged by unauthorized discharges of fill material into streams and wetlands in
Story by Andrew Topf of Oilprice.com The oil price drop that has dominated the headlines in recent weeks has been framed almost exclusively in terms of oil market economics, with most media outlets blaming Saudi Arabia, through its OPEC Trojan horse, for driving down the price, thus causing serious damage to the world’s major oil exporters – most notably Russia.
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