Eagle Ford

Lower 48 Oil, Natural Gas Permitting Slumps, but Up from Year Ago

Lower 48 Oil, Natural Gas Permitting Slumps, but Up from Year Ago

August natural gas and oil permitting across the Lower 48 reversed course from July, particularly in the Permian Basin, but activity still was higher than a year ago, according to data compiled by Evercore ISI. New well permitting declined in August by 3,106 month/month (m/m). Still, the tally last month was 27% higher than in…

September 19, 2022
Haynesville Continuing to Lead Natural Gas Production Growth in Latest EIA Projections

Haynesville Continuing to Lead Natural Gas Production Growth in Latest EIA Projections

Spearheaded by the Haynesville Shale, natural gas production from seven key U.S. onshore regions will approach 95 Bcf/d in October, according to the latest modeling from the Energy Information Administration (EIA). Combined output from the Haynesville — along with the Anadarko, Appalachian and Permian basins, as well as the Bakken, Eagle Ford and Niobrara formations…

September 12, 2022
Sitio, Brigham in $4.8B Merger to Create Largest Publicly Traded Mineral, Royalty Company

Sitio, Brigham in $4.8B Merger to Create Largest Publicly Traded Mineral, Royalty Company

Sitio Royalties Corp. and Brigham Minerals Inc. said Tuesday they have agreed to merge in a roughly $4.8 billion, all-stock transaction. The combined firm would be the largest publicly traded mineral and royalty company in the United States, according to Sitio and Brigham. The plan is to focus on industry consolidation across diverse operators and…

September 6, 2022
U.S. Ethane Production Seen Climbing 16% in 2022, Says EIA

U.S. Ethane Production Seen Climbing 16% in 2022, Says EIA

Production of ethane, a natural gas liquid (NGL), should grow by about 9% in the United States during the second half of 2022 compared to first-half levels, according to an Energy Information Administration (EIA) forecast. “Ethane is consumed almost exclusively as a feedstock in petrochemical plants known as steam crackers to produce ethylene, a precursor…

August 31, 2022
Callon Raising Natural Gas Price Exposure at HSC, Reducing Waha

Callon Raising Natural Gas Price Exposure at HSC, Reducing Waha

Recent Permian Basin natural gas pipeline marketing deals will reduce Callon Petroleum Corp.’s reliance on Waha Hub pricing, management of the Texas-focused independent said earlier this month. “These transactions will increase our pricing exposure to Gulf Coast gas pricing and provide additional flow assurance benefits,” CEO Joe Gatto told analysts during the second quarter earnings…

August 25, 2022
SilverBow Targets 30% Production Growth, Cites Strong Eagle Ford Natural Gas Prices

SilverBow Targets 30% Production Growth, Cites Strong Eagle Ford Natural Gas Prices

SilverBow Resources Inc. expects to substantially grow its natural gas and liquids production this year and next and continues to enjoy “favorable basis pricing” in the Eagle Ford Shale, management said. SilverBow, which operates exclusively in the Eagle Ford and Austin Chalk formations, is targeting year/year production growth of 30% in both 2022 and 2023,…

August 19, 2022
U.S. Natural Gas Drilling Tally Inches Higher as Oil Patch Sees More Growth

U.S. Natural Gas Drilling Tally Inches Higher as Oil Patch Sees More Growth

The U.S. natural gas rig count rose two units to 157 for the week ended Friday (July 29), while a six-rig increase in oil-directed drilling helped lift the combined domestic count nine units higher to 767, according to updated figures from Baker Hughes Co. (BKR). Along with the higher natural gas- and oil-directed drilling totals,…

July 29, 2022
Kinder Morgan Records Stronger Natural Gas Volumes in Texas

Kinder Morgan Records Stronger Natural Gas Volumes in Texas

Rising natural gas gathering volumes in the Haynesville and Eagle Ford shales boosted the bottom line during the second quarter for Kinder Morgan Inc., which is now looking to grow its supplies for U.S. LNG exports. Gas gathering volumes during 2Q2022 were up 12% year/year, led by a 15% increase in Haynesville volumes and a…

July 25, 2022
U.S. Upstream Activity Ratchets Higher to 740 on Gains in Both Oil, Gas Drilling

U.S. Upstream Activity Ratchets Higher to 740 on Gains in Both Oil, Gas Drilling

The U.S. rig count climbed seven units to 740 during the week ended Friday (June 17) on a combination of gains in both oil- and natural gas-directed drilling, according to the latest numbers from Baker Hughes Co. (BKR). Four oil-directed rigs and three natural gas-directed rigs were added in the United States for the week,…

June 17, 2022
Permian, Eagle Ford Lead Gains in Oil Patch as U.S. Drilling Numbers Rise in Latest Tally

Permian, Eagle Ford Lead Gains in Oil Patch as U.S. Drilling Numbers Rise in Latest Tally

The U.S. rig count climbed six units to reach 733 during the week ended Friday (June 10), bolstered by growth in the Permian Basin and Eagle Ford Shale, the latest numbers from Baker Hughes Co. (BKR) show. Total natural gas-directed rigs were unchanged domestically for the week, while oil-directed rigs increased by six. Gains of…

June 10, 2022
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