Baytex reaffirms commitment to Eagle Ford for 2018

The Eagle Ford shale will be Baytex Energy Corp's first call for capital deployment in 2018. With internal rates of return of 70 percent possible at $55 oil, the Canadian exploration and production entity will put 55 percent of capital to Texas.
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Bill Barrett Corp, Fifth Creek to form major DJ Basin producer

The combination of Denver-based exploration and production firm Bill Barrett Corp. with Fifth Creek Energy could create a major, pure-play DJ Basin producer in a deal valued at $649 million.
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Chevron plans to spend $3.3 billion in Permian next year

In 2018, Chevron plans to spend $3.3 billion of its $18.3 billion capital and exploratory budget in the Permian Basin. Another $1 billion will be invested in shale and tight rock oil and gas and $6.6 billion will be spent on U.S. upstream assets.
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PDC Energy expects 25 percent production increase for 2018

PDC Energy, an independent E&P company headquartered in Denver, next year expects a 25 percent production increase for its operations in Colorado's Wattenberg Field and the Delaware Basin in Texas. It plans capital investments of up to $920 million.
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Eclipse Resources acquires Flat Castle acreage in Utica

In a deal valued at $93.7 million, Eclipse Resources will acquire 44,500 acres in the Utica shale of north central Pennsylvania from Travis Peak Resources. An Eclipse subsidiary is also buying $18.3 million of midstream assets in the region.
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New industry partnership focuses on cutting emissions

A newly formed oil and gas industry organization known as The Environmental Partnership aims to voluntarily reduce emissions of methane and volatile organic compounds through three performance programs. Twenty-six companies have already joined.
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Industry Events

NAPE Summit

February 5-9, 2018
George R. Brown Convention Center
Houston, Texas

2018 Bakken Conference & Expo

July 16-18, 2018
Roughrider Center
Watford City, North Dakota





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