Earlier in the year, before initial declines in service costs, Anadarko had estimated it would take $3 billion in capital expenditures to keep production levels flat. Now, Walker said, it would take about $2.7 billion, and there is still room for improvement.
Investors boosted Anadarko Petroleum’s market value by $1.4 billion on Tuesday, a day after the company’s Kerr-McGee unit pushed back on a federal court’s ruling that it owes up to $14 billion in environmental and tort liabilities.
Our nation’s infrastructure is no longer able to efficiently deliver energy to our nation’s consumers. Bottlenecks and aging systems result in efficiency losses, driving up the ultimate cost to the consumer. Identifying the root of the problem isn’t hard. We know excess oil in North Dakota or wind power in Iowa does not have sufficient […]
While companies have eyed shale development in China, lured by the prospect of huge reserves and easy financing, the world’s next major shale boom is likely to come from another country, according to a new analysis.
Sen. Lisa Murkowski is doubling down on her pitch for the U.S. to reverse a 39-year-old ban on exporting American crude. In a letter to President Barack Obama on Tuesday, the Republican from Alaska insists that the administration must ease the restrictions soon.
The price tag for the crisis last week that almost forced operators to shut off power to parts of the Texas grid isn’t likely to show up on your next electric bill. But traders say the close call produced market conditions that eventually could hit consumers.
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