John Sabia
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NEPA Operators Suspending Stock Dividends

Started Jan 29, 2016 0 Replies

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

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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Introduce Yourself
We are a mineral and Royalty purchaser across the country with a focus on the Marcellus and Utica.
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Landowner
Website:
http://www.vineroyalty.com
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Pennsylvania, West Virginia, Ohio, Texas, Louisiana, Arkansas, Oklahoma, North Dakota, Colorado, Wyoming
What shale plays do you follow?
All Shale Plays

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John Sabia's Blog

Noble Energy Cuts Stock Divdends

Posted on January 29, 2016 at 11:02am 0 Comments

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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