Growth

U.S. onshore unconventional growth began to exhibit “material and persistent” monthly output growth in the first quarter after bottoming out in mid-2016, a trend likely to continue through 2017, according to an analysis by Rystad Energy.

As Mexico proceeds with upstream and midstream natural gas reform, demand for gas continues growing and domestic supply can’t keep up. The market opening is a work in progress.

Part two of a two-part NGI report. (Part One)

Much is made of natural gas production growth from the Marcellus and Utica shales, but in a recent note, Societe Generale’s Breanne Dougherty reminded the industry that other basins are also important supply sources.

Encana Corp. is poised to return to growth by the middle of this year, management said Tuesday, emphasizing that the company is positioned to increase production from its core assets by 20% between 4Q2016 and 4Q2017.

Hitting nearly 100,000 b/d of production, or about one-third of its global total, Hess Corp.’s Bakken Shale oil production in North Dakota is poised for more rigs and substantial growth to kick in late this year, said CEO John Hess, who outlined 1Q2017 results during a conference call Wednesday.

Baker Hughes Inc. has been riding a bit of a rough road as it casts off its North American pressure pumping business and prepares for the mega-merger with a unit of General Electric (GE), but the destination — a broader price recovery — is in sight, CEO Martin Craighead said Tuesday.

Calgary-based Encana Corp. reaffirmed its vision for the future of its Montney Shale on Wednesday, hinting at plans to compete with Marcellus/Utica shale gas flowing into the Dawn Hub in Ontario.

The Lone Star State’s oil and natural gas industry is back in another growth cycle after a three-year downturn, according to the economist who compiles the Texas Petro Index (TPI), a barometer of industry activity.