by - December 4, 2018 5:25 pm
Oklahoma City-based Flywheel Energy LLC closed on an earlier announced deal to acquire the top leasehold position in the Fayetteville Shale play from Southwestern Energy Co. at a purchase price…
by - September 5, 2018 6:43 am
After nearly two decades as the so-called Fayetteville Shale leader, Southwestern Energy Co. has found an exit door. The Houston-based oil and gas company, which marked the beginning of the…
by - July 27, 2018 6:15 am
After nearly three years of hand-wringing over the declining value of the Fayetteville Shale play, Australian multinational BHP Billiton Ltd. sold off the Arkansas natural gas development and its other…
by - July 18, 2018 10:08 am
BHP Billiton’s high-stakes auction to sell off its Fayetteville Shale interest in Arkansas and exit the U.S. onshore oil and gas business by year-end is progressing as planned, the Australian…
by - May 30, 2018 1:55 pm
Rising oil and natural gas prices and a more attractive corporate tax structure are driving interest in BHP Billiton’s auction of its U.S. onshore assets, which include the Fayetteville Shale…
by - April 19, 2018 11:30 am
BHP Billiton has begun the “exit process” for its U.S. onshore operations and expects to receive one or several bids later this summer for the Australian mining conglomerate’s money-losing shale…
by - February 20, 2018 4:26 pm
BHP Billiton has officially kicked off the fire sale for the Fayetteville Shale by hiring Wall Street banking giant Barclays to set up a “virtual data room” to provide prospective…
by - February 8, 2018 4:15 pm
Nearly two years after laying off hundreds of employees and halting its drilling program in Arkansas, Houston-based Southwestern Energy announced Thursday (Feb. 8) it will put its Fayetteville Shale assets…
by - January 17, 2018 6:17 pm
Australia’s BHP Billiton announced Wednesday (Jan. 17) it plans to move forward with an exit strategy to divest its U.S. onshore operations, which includes the global mining giant’s Fayetteville Shale…
by - August 10, 2017 2:57 pm
Although Southwestern Energy has largely halted its exploration and development activities in the Fayetteville Shale play, the company’s top executive said in a recent conference call with Wall Street analysts…
by - May 20, 2017 11:58 am
Southwestern Energy Co. is expected to take another multi-million dollar hit to its bottom line after a Conway County judge announced a preliminary $45 million settlement in a class action…
by - April 26, 2017 4:06 pm
BHP Billiton CEO Andrew Mackenzie said Wednesday (April 26) the Australian mining giant has initiated the sale of its “non-core” U.S. operations and is reviewing the possible auction of its…
by - April 10, 2017 3:22 pm
BHP Billiton, which is down to less than 100 workers in the Arkansas Fayetteville Shale play, on Monday rejected a proposal by a U.S. hedge fund to split the Australian…
by - February 24, 2017 8:54 am
Southwestern Energy Co. announced plans to invest between $1.175 billion to $1.275 billion in fiscal 2017, a 66% boost from the company’s rebooted $770 million spending program in 2016 that…
by - January 25, 2017 4:22 pm
A spokeswoman for BHP Billiton told Talk Business & Politics Wednesday (Jan. 25) that the Australian mining and energy conglomerate’s current budget in the Fayetteville Shale is “nominal,” and that…
by - October 22, 2016 10:23 am
Even as Southwestern Energy posted a major production milestone in the Fayetteville Shale, the Texas driller continued to operate in the red in the third quarter as drilling activity ramped…
by - September 30, 2016 1:51 pm
For the first time since the end of 2015, a natural drilling rig in Arkansas is up and running in the Fayetteville Shale play as natural gas futures bounced around…
by - September 27, 2016 3:09 pm
An IHS Markit report shows that U.S. natural gas production in the lower 48 states increased by about 1.4% in August, marking the second month in a row where output…
by - August 17, 2016 6:54 pm
A recent presentation by Southwestern Energy Inc. reaffirms new hope for Arkansas’ Fayetteville Shale Play as the independent oil and gas company has substantially revised its 2016 guidance for production,…
by - August 4, 2016 3:27 pm
Arkansas’ rig count in 2016 remained at zero through the end of July, but the number of natural gas producers seeking drilling permits spiked over the past two weeks as…
