Gulf Of Mexico

Talos Expanding Deepwater GOM Holdings with $1.29B Takeover of QuarterNorth

Talos Expanding Deepwater GOM Holdings with $1.29B Takeover of QuarterNorth

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…

January 16, 2024
Talos Ramps Up Lime Rock, Venice Liquids-Rich Wells in Deepwater GOM

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,” …

January 10, 2024
Shell Shoring Up More U.S. Deepwater Natural Gas, Oil by Sanctioning Great White, Sparta

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…

December 26, 2023
Natural Gas Rig Count Eases Lower as Oil Drilling Powers Domestic Activity Gains

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…

December 1, 2023
Natural Gas Rigs Down Four, Oil Count Up Six in Updated BKR Tally

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…

November 17, 2023
U.S. Natural Gas Rig Totals Steady in Updated BKR Count; Oil Tally Eases Lower

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…

November 13, 2023
Interior Touts ‘Fewest Oil and Gas Lease Sales in History’ in Curtailed GOM Five-Year Plan

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…

October 2, 2023
Federal Court Reinstates Six Million Acres Slashed from Upcoming GOM Natural Gas, Oil Auction

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…

September 25, 2023
Natural Gas Futures, Cash Prices End Downward Slide as Market Sees Another Light Storage Build

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…

September 18, 2023
Early Start-Up of Woodside’s Shenzi North Bringing More GOM Natural Gas and Oil Ashore

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…

September 18, 2023
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