Occidental forecasts 40 percent growth from Permian for 2018


Occidental Petroleum expects an annual growth rate of 40 percent from its Permian Basin resources during 2018. The Houston-based company plans for a $3.9 billion capital budget and estimates an overall production increase of 8 to 12 percent.
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Marathon Oil’s focus on US shale plays paying off


After a steady 2017, Marathon Oil is sprinting into 2018. The independent exploration and production company that is active in every major U.S. shale play, expects to grow production and remain cash flow neutral at $50/b oil
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Continental eyes free cash flow from 2018 shale production


Continental Resources has 800 to 900 reasons why it believes it can be set apart from other exploration and production companies in 2018. At $60/b oil, the Oklahoma City-based team will generate $800 million to $900 million in free cash flow.
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Following 2017 investor shift, some shale producers respond


As exploration and production companies close out fiscal year 2017 and offer guidance for this year, it appears some companies have been listening to investor sentiment calling for a shift in capital allocation.
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ND industry, state officials address flaring concerns


Concerns about gas flaring have led the North Dakota Petroleum Council to reconvene a task force to study potential solutions. Slow BIA approval of right-of-ways on tribal lands contributes to the problem, said Lynn Helms, state DMR director.
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Cimarex planning to spend more in Permian, Anadarko


Cimarex Energy plans to spend about 70 percent of its $1.6 billion 2018 capital budget on operations in the Permian Basin of Texas and New Mexico. The remainder will go to the company's operations in the Anadarko Basin of Oklahoma.
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