Exploration And Production

Flexibility is key to all that Coterra Energy Inc. is planning for the Lower 48 in 2023, as inflationary headwinds drive up the price for things across the board, executives said. Coterra, formed last year with the merger of Cabot Oil & Gas Corp. and Cimarex Energy Co., focuses on producing natural gas and oil…

Calgary-based Crescent Point Energy Corp. recorded a 10% increase in natural gas production during the third quarter, but the company is focusing on the Kaybob Duvernay formation for liquids growth over the next five years. Management said natural gas output hit 144.3 MMcf/d during the quarter, up from 130.8 MMcf/d a year earlier. Natural gas…

The U.S. natural gas rig count dropped one unit to 155 for the week ended Friday (Nov. 4), while an uptick in oil drilling nudged the combined domestic tally two units higher to 770, according to updated numbers from Baker Hughes Co. (BKR). Domestic land drilling increased by two units for the week, while the…

On the strength of gains in the oil patch, including in the Williston Basin, the U.S. rig count rose two units overall to finish the week ended Friday (Nov. 4) at 770, according to the latest tally from Baker Hughes Co. (BKR). Net changes domestically included a three-rig increase in oil-directed drilling, partially offset by…

Southwestern Energy Co. said Friday that it was reinforcing its long term flow assurance to U.S. LNG facilities by adding 500 MMcf/d of new firm transportation starting in 2024. The transport to the Gulf Coast liquefied natural gas corridor would be on Momentum Midstream LLC’s 1.7 Bcf/d New Generation Gas Gathering system and DT Midstream…

Two more discoveries have been made in the massive Stabroek Block offshore Guyana, adding to ExxonMobil’s extensive portfolio of opportunities. With the discoveries at the Sailfin-1 and Yarrow-1 wells, more than 30 discoveries have been made in the block since 2015. Offshore development and production has ramped up “at a pace that far exceeds the…

The U.S. natural gas rig count dropped one unit to 156 for the week ended Friday (Oct. 28), while a two-rig decline in oil drilling saw the combined domestic tally fall three units to 768, according to the latest figures from Baker Hughes Co. (BKR). Changes in the United States for the week included a…

Amid modest declines in both oil- and natural gas-directed drilling, the U.S. rig count fell three units to 768 for the week ended Friday (Oct. 28), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Changes in the United States for the week included a two-rig decrease in oil drilling, with…

Natural gas production in Mexico continued its winning streak in September, according to the latest statistics from upstream regulator Comisión Nacional de Hidrocarburos (CNH). Gas production hit 4.180 Bcf/d during the month, compared to 4.060 Bcf/d in August and 3.894 Bcf/d in September of last year. Natural gas production has seen a consistent rise this…