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Montage Resources Enters Renegotiated Marcellus Gas Gathering Agreement

2020-03-17 14:07:45| OGI

The company has recently completed the renegotiation of significant existing gas gathering contracts with a midstream partner into a single new consolidated gas gathering agreement in order to enhance its already peer-leading cash operating margins.

Tags: resources agreement gas gathering

Executive Q&A: Samson Resources Last Stand In The Powder River Basin

2020-03-17 14:00:00| OGI

Joe Mills, president and CEO of Samson Resources II, spoke with Hart Energy on why his company chose to go all-in in the Powder River Basin and what Samson learned in other shale plays like the Haynesville.

Tags: resources stand executive river

Pioneer Natural Resources Chops Spending By 45%, Cuts Rig Count

2020-03-16 22:44:48| OGI

The Dallas-headquartered Permian Basin player said March 16 it is lowering this years drilling, completion and facilities capital budget to between $1.6 billion and $1.8 billion

Tags: resources natural count spending

Oil Price Collapse Sours $320 Million Deal For Alta Mesa Resources

2020-03-13 10:10:00| OGI

A court-ordered sale of one-time shale high-flyer Alta Mesa Resources fell through due to a lack of financing on March 9, a day when oil prices and shares of U.S. oil producers plummeted.

Tags: price resources million deal