Tags » Permian

ConocoPhillips cuts capital budget amid lower oil prices - Houston Business Journal

Amid falling oil prices, ConocoPhillips (NYSE: COP) said Dec. 8 its capital budget for 2015 is $13.5 billion, down about 20 percent from its 2014 budget of $16.7 billion.The Houston-based company said the decrease reflects reduced spending on major projects, several of which are nearing completion, and deferred spending on North American unconventional plays. 26 more words

Eagle Ford

Sub-$50 Oil Surfaces in North Dakota Amid Regional Discounts - Bloomberg

Oil market analysts are debating if oil will fall to $50. In North Dakota, prices are already there.Crude sold at the wellhead in the Bakken shale region in North Dakota fell to $49.69 a barrel on Nov. 116 more words

Eagle Ford

2 Of America's Important Shale Basins Are Now In The Red - Business Insider / Walter Kurtz

Although OPEC’s decision to maintain current crude production quotas was not entirely unexpected see post, the market reaction was violent. WTI crude fell by 10% over the last two days of the week.At $66 per barrel North American producers have real problems on their hands. 26 more words

Eagle Ford

Pioneer will sell $1B in stocks and pipeline to ride out falling oil prices

Pioneer Natural Resources will continue operating in the Permian Basin despite falling crude oil prices by selling a pipeline in the Eagle Ford Shale, CEO Scott Sheffield said in a conference call.The Irving-based company also plans a $1 billion stock offering.”It allows Pioneer to really prudently develop its assets in what I believe could easily be a $70 to $80 per barrel oil price environment over the next two years,” said Scott Sheffield, CEO of Pioneer. 17 more words

Eagle Ford

News at the base of the Amniota, part 8: The list of Viséan amniotes has grown.

Earlier (in seven prior blog posts) we looked at the new basalmost amniotes and how they evolved.

With the news
that the Amniota (and amniote eggs) extended back to the… 287 more words

Reptile Family Tree