Tag / E&P

Subscribe

E&P

Haynesville-Focused Comstock ‘Hitting the Jackpot’ as Natural Gas Prices Skyrocket, Export Demand Improves

Haynesville-Focused Comstock ‘Hitting the Jackpot’ as Natural Gas Prices Skyrocket, Export Demand Improves

With natural gas prices up and exports climbing, Haynesville Shale-focused Comstock Resources Inc. is looking to have a “fabulous” 2021, CEO Jay Allison said last week. A conference call to discuss 4Q2020 performance and the outlook for 2021 was held in the midst of the deep freeze in Texas, which sent gas prices soaring.  Comstock…

February 22, 2021
Cabot to Cut Spending, Maintain Pennsylvania Production Despite Better Natural Gas Outlook

Cabot to Cut Spending, Maintain Pennsylvania Production Despite Better Natural Gas Outlook

Appalachian pure-play Cabot Oil & Gas Corp. plans to keep year/year production flat in 2021 and cut spending, despite what management believes is likely to be a better year for natural gas producers. In formally releasing its plans for this year, the company reiterated preliminary guidance unveiled in October to move through 2021 in maintenance…

February 8, 2021
EIA Predicts ‘Record-High’ U.S. Oil, Natural Gas Output Through 2050

EIA Predicts ‘Record-High’ U.S. Oil, Natural Gas Output Through 2050

Oil prices will inform the trajectory of U.S. oil and natural gas production moving forward, but supply is on track to maintain record levels through 2050, according to the Energy Information Administration’s (EIA) latest long-term projections. Under the baseline reference case in the agency’s Annual Energy Outlook 2021 (AEO2021), published Wednesday, U.S. oil and natural…

February 5, 2021
Permian, Haynesville, Utica Rig Totals Climb as U.S. Adds Eight Units

Permian, Haynesville, Utica Rig Totals Climb as U.S. Adds Eight Units

Propelled by growing activity across the Permian Basin and the Haynesville and Utica shales, the U.S. rig count rose eight units to 392 for the week ending Friday (Feb. 5), according to the latest numbers from Baker Hughes Co. (BKR). The United States saw a net increase of four natural gas-directed rigs for the week,…

February 5, 2021
In 2021, Midterm Elections Could be Pivotal in Determining Future of Mexico’s Energy Sector

In 2021, Midterm Elections Could be Pivotal in Determining Future of Mexico’s Energy Sector

The June midterm elections in Mexico, set to be the country’s largest single-day election in its history, could either stall or advance President Andrés Manuel López Obrador’s state-centric energy sector platform. The election would see the entire lower house being voted in, as well as numerous gubernatorial, state legislature and mayoral races. Wins for his…

December 30, 2020
Shell Marks Another $4.5 Billion in Oil, Gas Assets Up for Write-Down in 4Q

Shell Marks Another $4.5 Billion in Oil, Gas Assets Up for Write-Down in 4Q

Royal Dutch Shell plc expects to write down between $3.5 billion to $4.5 billion during the fourth quarter because of impairments, asset restructuring and onerous contracts. It would be the third time this year the Anglo-Dutch supermajor has written down assets. In a fourth quarter update, Shell said it expects to take a partial impairment…

December 22, 2020
Mexico Ruling on Zama Unitization to be Crucial Decision in 2021, Expert Says

Mexico Ruling on Zama Unitization to be Crucial Decision in 2021, Expert Says

“The Zama case is very important in our eyes and in the eyes of all oil investors, international and domestic, because of the precedents that will be set when the state oil company wants a share of production,” George Baker, Managing Principal of the Houston-based consultancy Baker & Associates and long-time publisher of the Mexico…

December 18, 2020
Mixed Reaction from Oil, Natural Gas Industry as Biden Names Top Climate, Energy Picks

Mixed Reaction from Oil, Natural Gas Industry as Biden Names Top Climate, Energy Picks

President-elect Joseph R. Biden Jr. on Thursday unveiled his picks for the top climate and energy posts in his administration, leaving little doubt of an impending sea change in federal policy when he takes office on Jan. 20. The nominations and appointments comprise U.S. Rep. Deb Haaland (D-NM), Department of the Interior (DOI) secretary; former…

December 18, 2020
Colorado’s Boulder County Revamping Oil, Gas Rules, but Energy Industry Questioning Authority

Colorado’s Boulder County Revamping Oil, Gas Rules, but Energy Industry Questioning Authority

Colorado’s energy industry has come out swinging against Boulder County’s attempt to impose more stringent oversight of oil and gas well operations. Operators working in unincorporated areas of Boulder County would be required to ensure well pad setbacks are at least 2,000 feet and generally 2,500 feet near homes, schools and licensed child care centers.…

December 17, 2020
Seismic Monitoring Readied This Winter in Montney Shale Hot Spot

Seismic Monitoring Readied This Winter in Montney Shale Hot Spot

The Montney Shale will be scrutinized to explore the links between earthquakes and hydraulic fracturing during this winter’s natural gas drilling season in northeastern British Columbia (BC). A 14-square-mile grid of 36 seismic tremor detectors will trace geological effects of the horizontal well completion method at a drilling hot spot known as Tower Lake, southeast…

December 10, 2020