Gulf Coast

Tourmaline Contracting Natural Gas Flows from Western Canada to Gulf Coast

Tourmaline Contracting Natural Gas Flows from Western Canada to Gulf Coast

As the top natural gas producer in Canada, Tourmaline Oil Corp. flowed 2.2 Bcf/d throughout the third quarter of 2022, with next year’s output expected to average 2.5 Bcf/d. Natural gas exports to the United States played a starring role in the company’s growth, and long-distance trading results have earned an American regulatory trophy. The…

November 7, 2022
Comstock Scores Big on Strong Natural Gas Prices, LNG Sales from Haynesville Output

Comstock Scores Big on Strong Natural Gas Prices, LNG Sales from Haynesville Output

Haynesville Shale pure-play Comstock Resources Inc. scored in the third quarter, lifted by strong natural gas prices and by selling 15% of output directly to LNG shippers on the Gulf Coast. The Frisco, TX-based independent gained leverage with 70% of its natural gas sold in “high value” Gulf Coast markets, including the liquefied natural gas…

November 7, 2022
Chesapeake Aiming to Be Major Natural Gas Supplier in U.S. LNG Capacity Expansion

Chesapeake Aiming to Be Major Natural Gas Supplier in U.S. LNG Capacity Expansion

A revamped Chesapeake Energy Corp. continues streamlining its strategy around supplying natural gas to the Gulf Coast LNG corridor, executives said in an earnings call on Wednesday. The company sees a somewhat softer natural gas market in 2023, with no real structural demand growth until new export capacity comes online starting in 2024. “As export…

November 3, 2022
Kinder Morgan Sees U.S. LNG Demand Reaching 28 Bcf/d by 2030

Kinder Morgan Sees U.S. LNG Demand Reaching 28 Bcf/d by 2030

Kinder Morgan Inc. (KMI) expects domestic LNG export demand to more than double to 28 Bcf/d by 2030, Executive Chairman Richard Kinder said Wednesday. “Given the situation in Europe today, which will result in more long-term contracts and the continuing usage in Asia, this hyper-growth scenario actually seems pretty reasonable to me,” Kinder told analysts…

October 21, 2022
Schlumberger Expanding Louisiana Footprint with Gulf of Mexico Hub

Schlumberger Expanding Louisiana Footprint with Gulf of Mexico Hub

Backed by Louisiana state government incentives, oilfield services (OFS) giant Schlumberger Ltd. has decided to centralize its offshore oil and gas support services in the heart of the state’s Acadiana region. The company is spending $11.5 million to expand its operations in Lafayette, LA, forming a North Gulf Coast (NGC) Hub. Schlumberger’s Lyndal Cissell, North…

October 10, 2022
Limits in Short-term Gulf Coast LNG Export Capacity Could Fuel Price Slump as Production Builds

Limits in Short-term Gulf Coast LNG Export Capacity Could Fuel Price Slump as Production Builds

Limited additions to pipeline infrastructure and a slower expansion of LNG terminals on the Gulf Coast are expected to stymie U.S. natural gas demand in early 2023 before helping fuel the region’s export growth over the long term. The Gulf Coast has become the epicenter for U.S. liquefied natural gas since the Lower 48’s first…

October 10, 2022
Momentum Midstream Takes FID on 1.7 Bcf/d Haynesville Natural Gas Gathering, Carbon Capture Project

Momentum Midstream Takes FID on 1.7 Bcf/d Haynesville Natural Gas Gathering, Carbon Capture Project

Private equity-backed Momentum Midstream LLC said Thursday it is moving forward with the New Generation Gas Gathering (NG3) project in the Haynesville Shale. The project, which is meant to supply growing Gulf Coast and LNG export demand, is to have initial capacity of 1.7 Bcf/d, expandable to 2.2 Bcf/d. Momentum is a subsidiary of Encap…

September 26, 2022
DT Midstream Capacity on Haynesville System Leaping to 1.7 Bcf/d

DT Midstream Capacity on Haynesville System Leaping to 1.7 Bcf/d

An expansion of DT Midstream Inc.’s Louisiana Energy Access Project, or LEAP, is underway, with capacity set to climb to 1.7 Bcf/d, or by 70%. The executive team on Wednesday discussed the 150-mile, 36-inch diameter system, which now moves about 1 Bcf/d of Haynesville Shale supply in Louisiana to the Gulf Coast for industrial use…

August 5, 2022
Chevron Permian Drilling, Fracturing Efficiency Doubled in Four Years, Says Exec

Chevron Permian Drilling, Fracturing Efficiency Doubled in Four Years, Says Exec

The Permian Basin is driving U.S. oil and gas production growth for Chevron Corp., helped by low development costs, substantial efficiency improvements and low carbon intensity, management said Friday. CFO Pierre Breber and Executive Vice President of Upstream Jay Johnson hosted a conference call to discuss the San Ramon, CA-based major’s second quarter earnings.  Amid…

July 29, 2022
Unit Divesting Texas Assets Weeks After Terminating Future Sales

Unit Divesting Texas Assets Weeks After Terminating Future Sales

On the heels of a U.S. Gulf Coast asset sale, management at Tulsa-based Unit Corp. last week applauded its recent decision to halt more upstream divestitures. The independent said Friday it closed on a $43.7 million sale of “certain wells and related leases near the Texas Gulf Coast” on July 1, weeks after reversing its…

July 28, 2022
‹ Previous 1 2 3 6