Exploration And Production

Mergers and acquisitions (M&A) within the U.S. upstream fell to their lowest annual volume in nearly two decades last year, according to new research by Enverus Intelligence Research (EIR). Exploration and production (E&P) firms recorded 160 transactions valued at $58 billion total, the Enverus subsidiary found. This is the lowest number of deals since 2005.…

Bolstered by another strong month of growth from the Haynesville Shale, domestic natural gas production from seven key onshore plays should climb to over 96.6 Bcf/d from January to February, updated modeling from the Energy Information Administration (EIA) shows. The agency said in its latest Drilling Productivity Report (DPR), published Tuesday, that it expects natural…

The U.S. natural gas rig count dropped two units to finish at 150 for the week ended Friday (Jan. 13), while gains in the oil patch lifted the combined domestic tally three units higher to 775, according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). Domestic drilling activity on land was…

Federal guidance updating how climate impacts should be assessed during environmental reviews for permitting energy infrastructure is drawing criticism from the oil and natural gas industry.  The White House Council on Environmental Quality (CEQ) earlier this month released updated Guidance on Consideration of Greenhouse Gas Emissions and Climate Change. The interim guidance, which is under…

Crestwood Equity Partners LP is expecting a one-off hit to its fourth quarter earnings because of extreme weather that caused well freeze-offs and production shut-ins across multiple Lower 48 basins, management said Wednesday. The harsh winter weather “adversely impacted volumes and well-connect activity across Crestwood’s gathering and processing assets during the quarter,” the Houston-based midstream…

In 2023, Mexico’s natural gas industry will be shaped by public-private partnerships and the shifting landscape brought about by Russia’s invasion of Ukraine. Political risk for private and international firms, meanwhile, remains high. Last year, President Andrés Manuel López Obrador’s team said they would carry out costly infrastructure works in conjunction with the private sector.…

Click here to listen to the latest episode of NGI’s Hub & Flow, which looks into the crystal ball and offers predictions for this year’s energy themes in Latin America.  NGI Latin America Senior Editor Christopher Lenton chats with Rice University’s Francisco Monaldi about the major natural gas and oil trends from Mexico to Argentina,…

Mexico’s national oil company Petróleos Mexicanos (Pemex) is targeting full-year average natural gas production of 4.67 Bcf/d in 2023, up 20% from the 3.88 Bcf/d averaged in the third quarter of 2022. The growth is expected to be led by new fields such as Quesqui and Ixachi, Pemex said in its recently released 2023-2027 business…

The U.S. natural gas rig count rose one unit to 156 for the week ended Friday (Dec. 30), while the loss of one rig in the oil patch left the combined domestic tally unchanged at 779, according to updated figures from Baker Hughes Co. (BKR). Drilling totals on land and in the Gulf of Mexico…