Exploration

More Signs of Post-Ida Recovery in Latest Tally of GOM Drilling Activity

More Signs of Post-Ida Recovery in Latest Tally of GOM Drilling Activity

Propelled by rising activity in the Gulf of Mexico (GOM) amid the recovery from Hurricane Ida-related impacts, the U.S. rig count rose nine units to 521 for the week ended Friday (Sept. 24), according to Baker Hughes Co. (BKR). Ten oil-directed rigs were added in the United States for the week, offsetting a one-rig decline…

September 24, 2021
Oil Patch Keeps Uptrend Intact as U.S. Adds Five Rigs in Latest Count

Oil Patch Keeps Uptrend Intact as U.S. Adds Five Rigs in Latest Count

U.S. land drillers turned in another week of gains thanks to continued expansion in the oil patch, according to the latest Baker Hughes Co. (BKR) tally, which showed the overall domestic rig count rising five units to 508 as of Friday (Aug. 27). Oil rigs added on land accounted for the entirety of the net…

August 27, 2021
BKV Looking to Expand Further after $430M Texas Natural Gas Power Plant Deal

BKV Looking to Expand Further after $430M Texas Natural Gas Power Plant Deal

Natural gas exploration & production (E&P) company Banpu Kalnin Ventures Corp. (BKV) made a splash earlier this month with an announced deal to acquire a natural gas power plant in Temple, TX, for $430 million.  With independent E&Ps largely focused on the upstream, value chain integration has chiefly been the territory of majors and supermajors.…

August 23, 2021
Sempra CEO Says LNG Construction Costs Rising, while Tellurian Looking to Boost Haynesville Output

Sempra CEO Says LNG Construction Costs Rising, while Tellurian Looking to Boost Haynesville Output

Rising construction costs are likely to give brownfield liquefied natural gas (LNG) projects an extra advantage over greenfield sites as planned developments move toward sanction, Sempra CEO Jeff Martin said Thursday. “Greenfield projects tend to have a little bit of a higher per-unit cost than brownfield projects, Martin said during the 2Q2021 earnings call. “This…

August 6, 2021
Natural Gas Rig Count Up as Overall U.S. Activity Flat in Latest Tally

Natural Gas Rig Count Up as Overall U.S. Activity Flat in Latest Tally

The U.S. natural gas rig count climbed one unit to finish at 98 for the week ended Friday (June 25), while a small decline in oil rigs left the overall domestic tally flat for the period, according to data from Baker Hughes Co. (BKR). One oil-directed rig exited the patch in the United States during…

June 25, 2021
Goodrich Ramping Haynesville Natural Gas Production on High Prices, Productive Wells

Goodrich Ramping Haynesville Natural Gas Production on High Prices, Productive Wells

Goodrich Petroleum Corp. plans to ramp up natural gas production in the resurgent Haynesville Shale this year, citing strong commodity pricing and high productivity from recently completed wells in northwestern Louisiana. “The core of the Haynesville continues to offer low development and lifting costs, top-tier cash margins and returns on invested capital, as well as…

May 7, 2021
NGI’s Hub & Flow Delves into the History and Future of North American Gas Market — Listen Now

NGI’s Hub & Flow Delves into the History and Future of North American Gas Market — Listen Now

Click here to listen to a new episode of NGI’s Hub & Flow podcast. NGI’s Christopher Lenton, senior editor for Mexico and Latin America, spoke to Mercuria Energy Co.’s Charles Blanchard in the latest episode. Blanchard, head of North American natural gas research, recently published an exhaustive study on the history of natural gas in…

April 19, 2021
Talos, Pemex ‘Picking Up the Pace’ on Zama Unitization Talks As March 25 Deadline Looms

Talos, Pemex ‘Picking Up the Pace’ on Zama Unitization Talks As March 25 Deadline Looms

Unitization talks between a Talos Energy Inc.-led consortium and Mexican national oil company Petróleos Mexicanos (Pemex) to jointly develop the Zama offshore oil discovery have progressed from the technical phase to more commercial discussions, according to Talos CEO Timothy Duncan. Assuming unitization is completed “on a timely basis,” Talos expects to reach a final investment…

March 15, 2021
EOG Digging for Natural Gas Gold in South Texas, while Focusing on ‘Double-Premium’ Lower 48 Oil Wells

EOG Digging for Natural Gas Gold in South Texas, while Focusing on ‘Double-Premium’ Lower 48 Oil Wells

The Dorado, a stacked play in South Texas where EOG Resources Inc. has amassed a 163,000 net acre leasehold, may be a lock to build the Houston independent’s natural gas market credentials, the executive team said Friday. The formation, which runs through the Austin Chalk and Eagle Ford Shale, has an estimated 21 Tcf net…

February 26, 2021
Environmental Groups’ Legal Victory Protects Sage Grouse, Marks Another Blow to Drilling on Federal Lands

Environmental Groups’ Legal Victory Protects Sage Grouse, Marks Another Blow to Drilling on Federal Lands

Environmental groups that sued to throw out a federal plan allowing new exploration and mining on public lands heralded a recent win in court that they said was vital to protect greater sage grouse. A federal judge on Thursday overturned a Trump administration decision to jettison sage grouse protections from 10 million acres in the…

February 12, 2021
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