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Jul 23, 2014

Exclusive: Apache says eyeing mineral rights in bid to unlock value

HOUSTON (Reuters) – U.S. oil and gas company Apache Corp told Reuters it is looking at ways to wring more cash out of its valuable mineral rights, as it and other energy companies face investor pressure to tap more profits from the North American shale boom.

Apache did not detail the options it is mulling, but two recent successful mineral rights offerings could provide a model.

Jul 23, 2014

Apache says eyeing mineral rights in bid to unlock value

HOUSTON, July 23 (Reuters) – U.S. oil and gas company Apache
Corp told Reuters it is looking at ways to wring more
cash out of its valuable mineral rights, as it and other energy
companies face investor pressure to tap more profits from the
North American shale boom.

Apache did not detail the options it is mulling, but two
recent successful mineral rights offerings could provide a
model.

Jun 18, 2014

Analysis – Wall Street’s latest fad is built on sand

HOUSTON (Reuters) – Super-sized hydraulic fracturing jobs, which use vast amounts of sand to coax more oil and gas from shale, have led to astronomical returns for investors in companies that mine the tiny particles. The question is whether those super-sized gains can continue.

Demand has jumped for the sand used in hydraulic fracturing, which blasts it, along with water, chemicals, into wells to crack rock and release crude oil and natural gas.

Jun 18, 2014

Wall Street’s latest fad is built on sand

HOUSTON (Reuters) – Super-sized hydraulic fracturing jobs, which use vast amounts of sand to coax more oil and gas from shale, have led to astronomical returns for investors in companies that mine the tiny particles. The question is whether those super-sized gains can continue.

Demand has jumped for the sand used in hydraulic fracturing, which blasts it, along with water, chemicals, into wells to crack rock and release crude oil and natural gas.

Jun 13, 2014

Chesapeake shareholders approve big governance reforms

HOUSTON, June 13 (Reuters) – Chesapeake Energy Corp
shareholders on Friday approved a series of reforms that
included the elimination of three-year terms for directors,
deepening an overhaul that began in the months preceding the
2013 ouster of former Chief Executive Officer Aubrey McClendon.

Since McClendon’s departure in April last year, the board
under Chairman Archie Dunham and the company’s largest
shareholders, including billionaire Carl Icahn, have made reform
a priority. Chesapeake had been criticized for McClendon’s heavy
spending and a governance crisis.

Jun 5, 2014

North Dakota flaring crackdown may slow oil field growth

HOUSTON/NEW YORK, June 5 (Reuters) – North Dakota is
cracking down on flaring, the wasteful burning of natural gas,
with strict rules that may stymie development in areas far from
pipelines in a state that is one of the fastest-growing U.S. oil
fields.

The new rules also will effectively reinforce the
competitive advantage enjoyed by producers that have already
taken steps to curb flaring.

May 29, 2014

Exclusive: Energy staffing company Swift Worldwide eyes IPO – CEO

HOUSTON (Reuters) – Swift Worldwide Resources, a firm that staffs big global energy projects with mainly engineers, expects to go public or be acquired within the next five years, the company’s CEO told Reuters on Thursday.

Swift, based in Houston, was acquired by New York-based $3 billion private equity firm Wellspring Capital LLC in November for an undisclosed sum.

May 28, 2014

Exxon’s Russian business unaffected by Ukraine conflict -CEO

(Adds meeting votes)

By Anna Driver

DALLAS, May 28(Reuters) – Exxon Mobil Corp’s
drilling operations in Russia and its partnership with Russian
oil company Rosneft have so far not been disrupted by
tensions between Russia and Ukraine or sanctions imposed by the
United States, Exxon’s CEO said on Wednesday.

“We’re extremely proud of what we’ve been able to accomplish
in Russia,” Exxon Chief Executive Officer Rex Tillerson told
shareholders. “They’ve been very good partners for us.”

May 22, 2014

Marathon Petroleum to buy Hess’s retail business for $2.87 bln

HOUSTON/BANGALORE May 22 (Reuters) – Refiner Marathon
Petroleum Corp said it would buy oil and natural gas
company Hess Corp’s retail and transport business for
$2.87 billion, expanding its network of gas stations and
convenience stores along the U.S. East Coast.

The deal will also increase the refining company’s exposure
to more stable cash flows and expand the number of outlets where
the company can sell its gasoline, Marathon’s Chief Executive
Officer Gary Heminger said on a conference call on Thursday.

May 16, 2014

Chesapeake sees $4 billion in asset sales, oilfield spinoff

By Anna Driver

(Reuters) – Chesapeake Energy Corp (CHK.N: Quote, Profile, Research, Stock Buzz) said it expects to sell more than $4 billion in assets this year and will spin off its oilfield services division as the second-largest U.S. natural gas producer focuses on drilling more profitable wells and improving returns.

Doug Lawler has been chief executive officer of Chesapeake for nearly a year. Under Lawler, the Oklahoma City company has worked to drastically cut costs and debt and increase output of higher-margin crude oil and natural gas liquids.

    • About Anna

      "I currently cover large U.S. oil and gas companies including Exxon Mobil and ConocoPhillips as part of the equities desk's Raw Materials Team. I am based in Houston, Texas."
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