- Tight Gas & Oil
- Gas Hydrates
Though drilling activity has held up in dry gas basins such as the Barnett, Fayetteville and Haynesville, rig rates are following the price cuts in oil-dominated markets.
After spending more than $5 billion in the Marcellus and buying assets from Statoil and WPX, the company plans to divest up to $800 million to overcome a cash flow gap.
Pioneer puts proceeds from a Barnett sale to work in the Spraberry/Wolfcamp.