Antero Resources’ current acreage is focused in the Marcellus Shale in West Virginia and the Utica Shale in Ohio.
The public owns 30.3% limited partner interest, while Antero and its affiliates own the remaining 69.7% interest in the partnership.
On October 27, Antero Resources Corporation announced the initial public offering of Antero Midstream Partners LP.
Warren Buffet is one of the most successful investors in the world. He is the chairman and largest shareholder of Berkshire Hathaway.
At the end of 2Q14, Weatherford’s non-core operating margin was 3.4% versus a much healthier 16.5% core business operating margin.
In order to improve efficiency and increase shareholders’ value, Weatherford International adopted a strategy of selling non-core business lines.
Lubrizol’s new segment will now be called Lubrizol Oilfield Solutions.
The recent fall in crude oil price has stirred the oil and gas field equipment service industry, which has started to see consolidation and asset sales.
APA’s 2015 plan is to allocate approximately 85% of its drilling budget to nine North American shale plays. The company’s budget is down $0.7 billion.
Apache Corporation’s revenues from NGL went up by a sharp 26% in 2013 over 2011. Year-to-date, the trend continues.
Lower volume was partially offset by 10% higher realized natural gas price. But APA’s share of revenues from natural gas and NGLs is expected to fall.
Year-to-date oil revenues fell 19% in 2014 from the same period in 2013. The oil revenue growth slowdown is a result of volume and price decreases.
In the Permian Basin, Apache Corporation’s production increased 23% in 3Q14 over 3Q13. Two-thirds of its wells are horizontal.
Apache Corporation (APA) held a total of 6.4 million net acres in North America by the end of 2013. Excluding the proposed Louisiana and Anadarko asset divestments, it has a…
The assets for disposal will be sold in two separate transactions that are expected to close by 4Q14. The assets are in Louisiana and the Anadarko Basin.
Apache Corporation is planning asset sales of certain of its oil and gas operations. The company is focused on building onshore acreage instead.
Apart from Westmoreland Coal Company’s acquisition of Sherritt International’s Canadian coal assets, we haven’t seen any large coal deals so far in 2014.
Ambre Energy is headquartered in Australia. It wants to get out of the North American business since it doesn’t see a recovery in coal prices until 2019–20.
In September 2014, Cloud Peak Energy (CLD) announced that it signed a deal to sell its 50% stake in the Decker mine in Montana.
Westmoreland Coal only acquired assets that suited its business model. Plus, it acquired these assets at the right time.