Saturday, February 22, 2025

Statoil Says its U.S. Onshore Activity is in a Holding Pattern

Norway’s Statoil (ticker: STO) reported its second quarter results today, and executives said on the conference call that the company has no new drilling plans for its Bakken, Eagle Ford or Marcellus properties, citing volatile oil prices and weak NGL pricing in North America. Statoil Onshore U.S. Operations In 2008, Statoil acquired a 32.5% interest in the Marcellus shale gas acreage

Did You Hedge Your Bet, or Bet Your Hedge?

In the oil and gas industry not everyone hedges all the time, but the vast majority of exploration and production companies have an active hedge book aimed at mitigating risk against volatile commodity markets. Hedging utilizes a futures contract to lock in a set price (or range of prices) in most cases. A futures contract gives the buyer of the