Friday, January 10, 2025
Oil prices fall on fading storm impact, Chinese economic data - Oil&Gas360

2016 Budget Cuts Underway as Oil & Gas Majors Slash Billions in Capex

CLR, HES, NBL, and WMB Slash Nearly $6.6 Billion in 2016 Plans Lower year-over-year spending in 2016 was a foregone conclusion for many in the exploration and production space, but the amount of expenditure cuts is noteworthy, no matter how you slice it. Plans for 2016 are trickling out ahead of Q4’15 earnings season, and some of the biggest names

Oil Climbs Above $32 as Markets Hope for a Saudi/Russia Deal

Russia and Saudi Arabia may be more flexible on supply – Iraqi minister Both U.S. benchmark WTI and international benchmark Brent crude oils rose above the $32 mark today as new hope for a supply deal emerged. Iraqi Oil Minister Adel Abdel Mahdi said he saw “some flexibility” from Saudi Arabia and Russia for a deal to reduce output amid

Colorado Energy Law Fallout: Boulder County Enacts Emergency Oil and Gas Moratorium through Q1 2020 - Oil & Gas 360

Colorado Concludes Rule Making Process after 16 Months of Local Government, Environmental, Industry Interaction

COGCC passes rules that require extra considerations for “large scale” oil and gas projects The Colorado Oil and Gas Conservation Commission (COGCC) approved rules yesterday recommended by a task force organized by Colorado Governor John Hickenlooper. The final rules came after more than a year of talks and negotiations between representatives of local governments, community members and Colorado’s oil and

Bill Barrett Corporation Provides Financial and Operational Update

Bill Barrett Corporation (the “Company”) (BBG) today provided preliminary unaudited financial results for certain 2015 operating metrics and an operational summary, including an update on its extended reach lateral (“XRL”) drilling program in the Northeast (“NE”) Wattenberg area of the Denver-Julesburg (“DJ”) Basin with highlights that included: Full-year 2015 production sales volumes of 6.6 MMBoe, exceeds high end of guidance

Kinder Morgan Announces Term Loan and Revolver Expansion; Expects No Need to Access Capital Markets in 2016

Kinder Morgan, Inc. (KMI) today announced that it had closed on a three-year, unsecured $1 billion term loan and a $1 billion expansion of its unsecured revolving credit facility, increasing the capacity of that facility from $4 billion to $5 billion. Proceeds from the term loan will be used for general corporate purposes, including the repayment of existing borrowings. Pricing