Sticking to its commitment to a disciplined growth strategy, newly formed Appalachia-focused Montage Resources Corp. plans to scale back its drilling program amid expected lower commodity prices for the second half of 2019.
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As it looks to expand with investments in liquefied natural gas (LNG)- and liquids-focused infrastructure, Oklahoma City-based Enable Midstream Partners LP set an all-time high for natural gas volumes during the fourth quarter, management announced Tuesday.
West Texas explorer Parsley Energy Inc. joined a growing chorus of Permian Basin operators in announcing it will reduce development activity in 2019 because of a “less favorable commodity price environment.”
Houston-based Superior Energy Services Inc., which provides drilling, completion and production-related needs worldwide, is expecting a contraction in U.S. land operations into 2019 on an overabundance of hydraulic fracturing equipment and withering completions demand.
U.S. oil and natural gas dealmaking during the third quarter surged 250% from the second quarter, breaking records that date back to the final three months of 2012, according to Drillinginfo.
The CEO of North America’s leading pressure pumper Halliburton Co. said Permian Basin operators do not seem overly concerned about potential oil and natural gas takeaway constraints as activity continues to be strong.
Canadian drilling will increase modestly next year, with the 2018 well count set to increase to 7,900 from 7,550, the annual forecast by the Petroleum Services Association of Canada (PSAC) is predicting.
Midcontinent oil and natural gas activity, including in Colorado, Oklahoma and Wyoming, slowed during the second quarter, according to a survey of energy operators by the Federal Reserve Bank of Kansas City.
Natural gas liquids (NGL) margins dinged the first quarter results of Plains All American Pipeline LP, but increasing producer activity, particularly in the Permian Basin, bodes well for growing transportation volumes later this year, the partnership said.
BHP Billiton Ltd. on Wednesday detailed a sweeping plan to accelerate some U.S. activity onshore and offshore, highlighting plans to raise more natural gas rigs in the Haynesville Shale, swap land in the Permian Basin, complete more wells in the Eagle Ford Shale and sell off the Fayetteville Shale portfolio.