Oil – Bloomberg reported that some of the biggest stakeholders in the Utica Shale in Ohio are putting their acreage for sale as prices fall by as much as a third. US drillers Devon Energy Corp, EnerVest Ltd, and Chesapeake Energy Corp are selling their lands as results show lower production than what was earlier predicted.
Oil – Understanding the strategy of companies involved in shale projects is fundamental for investors in order to determine their own investing strategy.
Oil – Oil companies are hoping this latest major find will provide further justification for speeding up the permit issuing process for deepwater drilling in the Gulf of Mexico.
Oil – Bloomberg reports Devon Energy Corp. (FRA:DY6) announced production growth of oil and petroleum liquids this year may be less than the company forecast because some wells are producing more natural gas than expected.
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