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Tag Archives: wpx energy inc.

Southwestern Energy expands in Marcellus and Utica

Southwestern Energy Co., based out of Houston, Texas, extended its footprint in the Marcellus and Utica shale plays. The Houston Business Journal reports, “Southwestern signed a purchase and sale agreement for undivided 20 percent of in Norway-based Statoil ASA’s (NYSE: STO) ownership in oil and gas assets in West Virginia and southwest Pennsylvania for $394 million, subject to adjustments, according ...

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‘Consolidation’ might be the word for some shale companies

oil rig

The for-sale sign WPX Energy Inc. recently put on its Marcellus shale wells and land could signal more moves among natural gas producers struggling with low prices, observers say. “I do know a couple of companies that are interested in getting out of the basin,” Lou D’Amico, president of the Marshall-based Pennsylvania Independent Oil & Gas Association, said Tuesday. He ...

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WPX to divest from Marcellus Shale as profiting from gas proving more difficult

WPX Energy Inc. will divest from the Marcellus Shale with no plans to drill any new wells in Pennsylvania for the foreseeable future. The Tulsa-based company spun off from Williams Companies Inc. in 2011. Its new CEO, petroleum engineer Rick Muncrief, joined the company in May and took a hard look at WPX’s assets, spokeswoman Susan Oliver said. WPX will ...

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BLM reviewing proposed 3D seismic exploration in Wyoming

The Oil and Gas Journal reports that the U.S. Bureau of Land Management (BLM) is seeking public input regarding a potential 3D seismic exploration operation in Sweetwater County, Wyoming. The BLM is in the process of completing an environmental assessment of the project and is seeking public comments to identify possible concerns, ideas, issues and alternative options. The bureau’s Rawlins ...

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