Evercore

Still seeking the commitments it will need to reach a final investment decision (FID) on its proposed Driftwood liquefied natural gas (LNG) export project, Tellurian Inc. said it has extended negotiations with prospective buyer Petronet LNG Limited of India.

U.S. onshore permits climbed 12% to 2,612 in January from December, mostly from a rebound in the Permian Basin, but overall activity was sharply off from a year ago, according to a recap by Evercore ISI.

Capital discipline appeared to creep into the U.S. drilling permit count at the end of 2019, with slumping activity during December seen across the Lower 48, according to data compiled by Evercore ISI.

Capital discipline appeared to creep into the U.S. drilling permit count at the end of 2019, with slumping activity during December seen across the Lower 48, according to data compiled by Evercore ISI.

The U.S. offshore proved to be a bright spot for oil and natural gas permitting during September, while the Lower 48 reported sharp declines in several major plays, Evercore ISI said Tuesday.

Permitting to develop oil formations in the Lower 48 recovered slightly in August month/month, and natural gas permitting remained healthy even with commodity price volatility, according to a compilation of state and federal data by Evercore ISI.

The capital discipline instilled by many exploration and production (E&P) companies has put the squeeze on permitting in the Lower 48, with a “more opaque outlook” expected in the near term, according to Evercore ISI.

U.S. producers may be looking to exploit more oil and natural gas targets in Wyoming’s Williston Basin, California and in Texas, according to a tally of January permitting activity by Evercore ISI.

U.S. oil and natural gas permitting during November increased 60% from a year ago and was up by almost one-third month/month (m/m), aided by strong gains in Colorado, New Mexico and Wyoming, according to Evercore ISI.