Eagle Ford

Crescent Energy Building Eagle Ford Natural Gas, Oil Portfolio in Friendly Merger with SilverBow

Crescent Energy Building Eagle Ford Natural Gas, Oil Portfolio in Friendly Merger with SilverBow

Houston-based Crescent Energy Co. has agreed to tie-up with cross-town rival SilverBow Resources Inc. to create one of the largest exploration and production companies in the Eagle Ford Shale of Texas, loaded with natural gas, liquids and oil opportunities. The estimated $2.1 billion transaction, announced Thursday, comes about a month after activist investor Kimmeridge Energy…

May 16, 2024
EOG Staying Active, Bullish Longer Term on North American Natural Gas Market

EOG Staying Active, Bullish Longer Term on North American Natural Gas Market

Multi-basin exploration and production firm EOG Resources Inc. is managing its natural gas program to align with demand dynamics, management said in its first quarter earnings call. “While we expect the natural gas market to remain soft through the end of this quarter, much like last year, we expect it to strengthen through the second-half…

May 7, 2024
U.S. Land Oil, Gas Permitting Ticked Higher in March, but Still Off from Year Ago

U.S. Land Oil, Gas Permitting Ticked Higher in March, but Still Off from Year Ago

Lower 48 oil and gas permitting requests increased in March, up 26% over February, according to a compilation of federal and state data compiled by Evercore ISI. The analyst firm reported that 3,418 permits were issued in March versus 2,719 in February. The overall permit total this year, though, remained 1,018 lower than in March…

May 3, 2024
Eagle Ford, SCOOP/STACK Said Ripe for Consolidation While Natural Gas Prices Low

Eagle Ford, SCOOP/STACK Said Ripe for Consolidation While Natural Gas Prices Low

Privately held exploration and production (E&P) firms in the Eagle Ford Shale and Midcontinent regions could prove attractive targets for public producers seeking exposure to future strengthening of natural gas prices, according to Enverus Intelligence Research (EIR). EIR’s Andrew Dittmar, principal analyst, highlighted the Eagle Ford, the South Central Oklahoma Oil Province (SCOOP) and the…

April 24, 2024
Kimmeridge Looks to Add to SilverBow’s Board After Pulling Merger Offer

Kimmeridge Looks to Add to SilverBow’s Board After Pulling Merger Offer

Activist investor Kimmeridge Energy Management Co. LLC has withdrawn its proposal to merge its natural gas-focused subsidiary with Eagle Ford Shale producer SilverBow Resources Inc.  The New York-based investment firm, which holds a 12.9% stake in SilverBow, in March proposed a tie-up between Kimmeridge Texas Gas LLC (KTG) and the Eagle Ford producer along with…

April 17, 2024
SilverBow Reviewing Kimmeridge Proposal to Form Biggest Eagle Ford Pure-Play

SilverBow Reviewing Kimmeridge Proposal to Form Biggest Eagle Ford Pure-Play

SilverBow Resources Inc.’s board plans to “carefully review and consider” a proposal from activist investor Kimmeridge Energy Management LLC to merge its natural gas production subsidiary in a tie-up that could become the largest South Texas exploration and production company. In a letter to shareholders, Kimmeridge proposed to merge Kimmeridge Texas Gas LLC (KTG) into…

March 13, 2024
Kodiak, CSI Merger to Create Natural Gas Compression Giant, with Permian, Eagle Ford Prowess

Kodiak, CSI Merger to Create Natural Gas Compression Giant, with Permian, Eagle Ford Prowess

The blitz of tie-ups in the U.S. oil and gas industry is continuing, with Kodiak Gas Services Inc. offering to buy CSI Compressco LP in a deal that would become the largest contract compression fleet in the industry with an estimated 4.3 million hp. The all-equity acquisition, valued at $854 million including debt, would deepen…

December 27, 2023
Lower 48 Oil, Natural Gas Permitting Tumbles in November, Led by 18% Dip in Permian

Lower 48 Oil, Natural Gas Permitting Tumbles in November, Led by 18% Dip in Permian

Oil and natural gas permitting in the Lower 48 fell by double-digits in November from a month earlier, driven by losses in the Permian Basin, according to Evercore ISI. The analyst firm, which each month tracks state and federal permitting, said a total of 2,565 permits were issued in November, down by 11% month/month (m/m). …

December 26, 2023
SilverBow Now ‘Largest Public Pure-Play’ in Eagle Ford, Eyeing $565M Capex in 2024

SilverBow Now ‘Largest Public Pure-Play’ in Eagle Ford, Eyeing $565M Capex in 2024

Eagle Ford Shale operator SilverBow Resources Inc. is targeting capital expenditures of $550-$580 million to support a three-rig drilling program in 2024, management said Thursday. The Houston-based operator said it has closed its $700 million acquisition of Chesapeake Energy Corp.’s South Texas oil and gas assets, clearing the way to advance natural gas-weighted development in…

December 6, 2023
Natural Gas Production Declines from Appalachia, Haynesville; Permian Seen Gaining, EIA Says

Natural Gas Production Declines from Appalachia, Haynesville; Permian Seen Gaining, EIA Says

Overall natural gas production from seven major U.S. onshore regions is expected to recede from November to December but remain robust at just under 100 Bcf/d, according to updated modeling published Monday by the U.S. Energy Information Administration (EIA). The agency’s latest monthly Drilling Productivity Report (DPR) projected combined December production of 99.638 Bcf/d from…

November 14, 2023
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