Houston-based Talos Energy Inc. is snapping up QuarterNorth Energy Inc., a privately held U.S. deepwater explorer in the Gulf of Mexico (GOM), as it doubles down to expand its “operational breadth and production profile,” CEO Timothy Duncan said. The $1.29 billion cash-and-stock definitive agreement, announced on Monday, would increase Talos output for 2024 by about…
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Talos Ramps Up Lime Rock, Venice Liquids-Rich Wells in Deepwater GOM
While working toward first injections at a carbon dioxide storage site to serve Freeport LNG, Houston-based Talos Energy Inc. said it has begun flowing production from two deepwater wells in the U.S. Gulf of Mexico (GOM). One year after discovering hydrocarbons, the Lime Rock and Venice wells were “brought safely online in late December 2023,” …
Shell Shoring Up More U.S. Deepwater Natural Gas, Oil by Sanctioning Great White, Sparta
The deepwater Gulf of Mexico is getting renewed attention by Shell plc, which recently sanctioned two big projects in a row. In the Great White unit, a prolific oil- and natural gas-rich area of the deepwater, is set to expand with three wells, which would be processed through the Perdido platform in Mississippi Canyon, according…
Natural Gas Rig Count Eases Lower as Oil Drilling Powers Domestic Activity Gains
The U.S. natural gas rig count slid one unit to 116 for the week ended Friday (Dec. 1), while gains in the oil patch lifted the overall domestic count to 625, according to the latest figures from Baker Hughes Co. (BKR). Changes in the United States for the period included the addition of five oil-directed…
Natural Gas Rigs Down Four, Oil Count Up Six in Updated BKR Tally
The U.S. natural gas rig count dropped four units to finish at 114 for the week ending Friday (Nov. 17), while gains in the oil patch saw the combined domestic drilling tally rise two units to 618, according to updated numbers from Baker Hughes Co. (BKR). Changes in the United States for the period included…
U.S. Natural Gas Rig Totals Steady in Updated BKR Count; Oil Tally Eases Lower
Natural gas drilling activity held steady for the week ended last Friday (Nov. 10), while an easing oil count saw rigs slide overall in the United States for the period, according to recently updated figures published by Baker Hughes Co. (BKR). Total domestic natural gas rigs ended the week at 118, unchanged from a week…
Interior Touts ‘Fewest Oil and Gas Lease Sales in History’ in Curtailed GOM Five-Year Plan
The Biden administration has proposed a maximum of three offshore oil and gas lease sales in the Gulf of Mexico’s (GOM) Outer Continental Shelf (OCS) for the 2024-2029 period. The long-awaited, proposed final program entails “the fewest oil and gas lease sales in history,” Department of the Interior (DOI) officials said upon releasing the five-year…
Federal Court Reinstates Six Million Acres Slashed from Upcoming GOM Natural Gas, Oil Auction
An offshore oil and gas lease sale scheduled for Wednesday (Sept. 27) in the Gulf of Mexico’s (GOM) Outer Continental Shelf (OCS) must proceed as originally planned with all 73 million acres on offer, following a preliminary injunction granted by the U.S. District Court for the Western District of Louisiana. The Department of the Interior’s…
Natural Gas Futures, Cash Prices End Downward Slide as Market Sees Another Light Storage Build
Natural gas futures floundered at first on Monday, hindered by autumn-like weather. As the session wore on, though, traders shifted attention to production that remains below recent highs as well as predictions for another lean storage increase. At A Glance: Production off recent highs Heat endures in the South NGI models 63 Bcf injection Coming…
Early Start-Up of Woodside’s Shenzi North Bringing More GOM Natural Gas and Oil Ashore
More natural gas and oil output is coming ashore from the deepwater Gulf of Mexico (GOM) as Woodside Energy Group Ltd.’s Shenzi North project ramps up in Green Canyon ahead of schedule. A final investment decision (FID) for Shenzi North, an extension of the Shenzi field, was taken in July 2021, and first output initially…