Anadarko Basin

Lower 48 Natural Gas Production Seen Higher in October, Led by Haynesville and Appalachia

Lower 48 Natural Gas Production Seen Higher in October, Led by Haynesville and Appalachia

Lower 48 natural gas production is expected to increase month/month in October in almost every major basin, with oil output set to climb in most regions too, federal researchers said Monday. The Drilling Productivity Report (DPR), compiled every month by the Energy Information Administration, indicated that gas production is predicted to increase in October from…

September 13, 2021
EIA Predicts Rising Natural Gas Production on Strength of Permian, Haynesville Growth

EIA Predicts Rising Natural Gas Production on Strength of Permian, Haynesville Growth

The Permian Basin and Haynesville Shale are expected to spur an overall increase in natural gas production among seven key U.S. producing regions in August, according to updated projections from the Energy Information Administration (EIA). The agency said in its latest Drilling Productivity Report, released Monday, that it expects natural gas output from seven key…

July 12, 2021
EIA Models Falling Natural Gas Output from Seven Key U.S. Regions in March

EIA Models Falling Natural Gas Output from Seven Key U.S. Regions in March

Natural gas production from seven key U.S. shale plays is set to fall by a combined 560 MMcf/d from February to March as output from most major producing regions is expected to slow over the next month, according to the U.S. Energy Information Administration (EIA). Combined natural gas output from the Anadarko, Appalachian and Permian…

February 18, 2021
Ovintiv to ‘Carefully Review’ Investor’s Board Nominees

Ovintiv to ‘Carefully Review’ Investor’s Board Nominees

Private investor Kimmeridge Energy Management Co., which owns a 2.5% stake in Ovintiv Inc., has nominated three people to stand for board election as Kimmeridge looks to upend oversight of the Denver-based independent. Earlier this month Kimmeridge warned Ovintiv that the exploration and production (E&P) company needed to improve performance or face a reckoning.  “Given…

January 28, 2021
Tapstone Energy Wins Chesapeake’s Midcontinent Assets in Bankruptcy Auction

Tapstone Energy Wins Chesapeake’s Midcontinent Assets in Bankruptcy Auction

Chesapeake Energy Corp. has sold its massive Oklahoma asset position to Tapstone Energy LLC for $130.5 million.  Both Oklahoma City producers reached a deal after Tapstone successfully bid for the assets during a bankruptcy auction last week. Tapstone had been selected as the stalking horse bidder last month, when the U.S. Bankruptcy Court for the…

November 19, 2020
Plains, Enable Execs Cautiously Upbeat on Lower 48 Activity, Higher Natural Gas Prices

Plains, Enable Execs Cautiously Upbeat on Lower 48 Activity, Higher Natural Gas Prices

No matter who becomes the U.S. president, midstream executives are optimistic about the upcoming year given the improved price outlook for natural gas and the level of activity that has been spurred by producer customers, particularly in the Haynesville Shale. Speaking early Tuesday on the third quarter earnings call, Plains All American LP CEO Willie…

November 5, 2020
Lower 48 Holds Enough DUCs to Extend Operations Deep into 2021

Lower 48 Holds Enough DUCs to Extend Operations Deep into 2021

A substantial inventory in the Lower 48 of drilled but uncompleted wells, aka DUCs, could sustain drilling — without adding more wells — long into the coming year, according to a new analysis. “After DUCs run out, however, rig activity in the five key oil regions needs to be in the 280-300 range to maintain…

September 8, 2020
Chaparral Seeking Chapter 11 Protection, while Lilis Looking to Unload Permian Assets

Chaparral Seeking Chapter 11 Protection, while Lilis Looking to Unload Permian Assets

Anadarko Basin-focused Chaparral Energy Inc. said Monday a voluntary bankruptcy protection plan is in the offing to reduce debt and continue operating.  The Oklahoma City-based independent, which filed Chapter 11 petitions in U.S. Bankruptcy Court for the District of Delaware, has a restructuring support agreement (RSA) with funded debt holders to equitize $300 million of…

August 17, 2020
Oil, Natural Gas Supply from Major U.S. Plays to Continue Falling in September, EIA Says

Oil, Natural Gas Supply from Major U.S. Plays to Continue Falling in September, EIA Says

Oil and natural gas production from seven key U.S. onshore plays is set to decline in September, continuing a downtrend that began earlier this year, according to the latest Drilling Productivity Report (DPR) published Monday by the Energy Information Administration (EIA). EIA expects oil production from the Anadarko, Appalachian, Denver Julesburg-Niobrara and Permian basins, as…

August 17, 2020
Oxy Looks to Build Cash Flow, with Low Growth Following $8.4B Loss

Oxy Looks to Build Cash Flow, with Low Growth Following $8.4B Loss

Houston-based Occidental Petroleum Corp. is throttling back from growth to ensure it can build cash flow to pay down some big debt maturities due in 2021, CEO Vicki Hollub said Tuesday. The company, better known as Oxy, has set spending priorities on maintenance, debt reduction and eventually a sustainable dividend before expanding, Hollub said during…

August 11, 2020
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