John Sabia's Discussions
NEPA Operators Suspending Stock Dividends
Started Jan 29, 2016 0 Replies 0 Likes
According to Marcellus Drilling News, Noble Energy - a major player in the Marcellus/Utica, has announced plans to cut dividend payments for its common stock by 44%. In addition, they will also be…Continue
Tags: #OilandGas, #ChesapeakeEnergy, Energy, #Noble, #NEPA
OH Rig Count Statistics 9-18-2015
Started Sep 21, 2015 0 Replies 0 Likes
One year ago on September 18th, 2014 Ohio had 42 active rigs. They were spilt 50/50 in terms of oil and gas. There were 21 rigs drilling for oil and 21 rigs drilling for natural gas.One year later…Continue
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John Sabia's Blog
Noble Energy Cuts Stock Divdends
Posted on January 29, 2016 at 5:02am 0 Comments 0 Likes
According to Marcellus Drilling News, Noble Energy - a major player in the Marcellus/Utica, has announced plans to cut dividend payments for its common stock by 44%. In addition, they will also be lowering their 2016 Capex by 50%, meaning less drilling and completion activity will take place in 2016 than we saw in 2015.
This move, however, is not unique to Noble Energy. Over the last several weeks we have seen many operators such as Chesapeake and Rex Energy suspending stock…
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