Warren Resources Inc. (Nasdaq:WRES) is increasing its 2013 capital expenditure budget by $15 million to $73 million.

Most rated US exploration and production (E&P) issuers continue to carry stable outlooks and will continue to remain stable at least for the remainder of this year, said Standard & Poor's Ratings Services in an industry report card published May 17, 2013, titled "Outlook On US Exploration And Production Industry Remains Stable On Strong Oil Prices."

On April 10, 2013, the Obama administration (Administration) released the Fiscal Year 2014 Budget of the US Government (Budget). Ernst & Young LLP discusses some of hte direct and indirect impacts on the oil and gas industry.

Resolute Energy Corp. (NYSE: REN) has priced its previously announced registered underwritten public offering of 13,250,000 shares of common stock offered by the company and 3,000,000 shares of common stock offered by certain selling stockholders. 

Dana Gas PJSC, a large independent oil and gas company in the UAE, has completed the restructuring of its US$1 billion Trust Certificates (sukuk al-mudarabah).

Ohio-based Peoples Bank has established a new department focused exclusively on providing financial services to upstream (exploration/production) and midstream (transportation/storage/ marketing) energy companies.

PwC US notes that first-quarter deal volume and value increased year over year, and shale deals comprised 46% of total deal volume.

Investors from outside the United States are playing an increasingly vital role in the US tight oil and shale natural gas industry, according to the US Energy Information Administration.

With three major deals in a month and a half, the Eagle Ford shale formation remains significant in the unconventional resources space.