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extensive drilling inventory in the Piceance play. Like other small operators, we had to substantially cut our drilling capital , and as a result, our production began to decline in late 2009 and 2010. In response, we became very focused
roughly 453,147 gross and 282,584 net leasehold acres in the Williston Basin. In late 2007, the majority of drilling capital expenditures shifted from historically active areas in the onshore Gulf Coast, the Anadarko Basin and West Texas
group of very knowledgeable, drilling capital providers, ranging from individuals ..... Fig.2. Conclusion Raising drilling capital is often considered a necessary ..... viable alternative source of drilling capital . Many large independents
Chesapeake Energy plans to reduce its drilling capital expenditure (capex) budget during the second half of 2008 through year-end 2010 by approximately $3.2 billion (17
the companies that stand out at far ends of the spectrum, such as Chesapeake Energy Corp., due to their shale drilling capital program, and Occidental Petroleum Corp. due to their strong oil-based cash flow. Those in negative territory
remaining two vessels arriving in mid 2010. Chesapeake reduces drilling budget Chesapeake Energy plans to reduce its drilling capital expenditure (capex) budget during the second half of 2008 through year-end 2010 by approximately $3.2 billion
s drilling budget. From the budget presented in its November 3, 2008 Outlook, the company has decreased its drilling capital expenditure budget for 2009 and 2010 by a combined $2.9 billion, or 31%, and has also reduced its leasehold
invested about $170 million in drilling and seismic in the region. As a result, the company has shifted most of its drilling capital expenditures from its traditional base in the onshore Gulf Coast, the Anadarko Basin, and West Texas to the Williston
Piceance Basin now totals 129,000 acres. Chesapeake reduces drilling budget Chesapeake Energy plans to reduce its drilling capital expenditure (capex) budget during the second half of 2008 through year-end 2010 by approximately $3.2 billion
coupled with greater than 50% drops in crude oil and natural gas prices have caused us to respond by reducing our drilling capital budget.” Repsol chooses CyrusOne to support supercomputer Repsol YPF has selected CyrusOne, a colocated data services