Haynesville

Goodrich Looking to Haynesville As Natural Gas Prices Improve in 2021

Goodrich Looking to Haynesville As Natural Gas Prices Improve in 2021

With the 2021 natural gas futures strip price improved to more than $3.00/Mcf, Haynesville Shale-focused Goodrich Petroleum Corp. has increased its outlook and cash flow potential for the coming year. The independent’s production is 98% weighted to natural gas, and the latest price signals could “dramatically” help increase earnings potential, CEO Gil Goodrich said during…

November 16, 2020
Oil, Gas Permits for Lower 48 Federal Land Climb Ahead of Biden’s Election

Oil, Gas Permits for Lower 48 Federal Land Climb Ahead of Biden’s Election

U.S. explorers during October increased their oil and gas permit requests for the third month in a row, with an uptick in developing leaseholds on federal lands, according to Evercore ISI. The analyst firm each month provides data using state and federal sources regarding permits for oil and gas wells, plugging and abandoned (P&A) wells…

November 12, 2020
Comstock Ramps Haynesville Activity in Anticipation of Higher Natural Gas Prices

Comstock Ramps Haynesville Activity in Anticipation of Higher Natural Gas Prices

Haynesville Shale giant Comstock Resources Inc. “went back to work” in the third quarter to try to cash in on expected higher natural gas prices by accelerating seven well completions and by adding two horizontal drilling rigs, CEO Jay Allison said Thursday. “We have advantaged access to the demand market of the Gulf Coast,” Allison…

November 9, 2020
Liberty Oilfield Finds Opportunities with Haynesville Entry, OneStim Takeover

Liberty Oilfield Finds Opportunities with Haynesville Entry, OneStim Takeover

Denver-based Liberty Oilfield Services Inc. proved the contrarian during the third quarter, and it appeared to pay off, as it acquired a top-tier pressure pumping business, gained entry into the gassy Haynesville Shale, and un-furloughed all of the employees who were sent home last spring in anticipation of brighter days ahead. Revenue jumped 67% from…

October 29, 2020
BP Looks to Haynesville on Rising Henry Hub Natural Gas Prices, LNG Export Outlook

BP Looks to Haynesville on Rising Henry Hub Natural Gas Prices, LNG Export Outlook

BP plc has no plans to veer off an objective to reach net-zero emissions by 2050, but natural gas and oil continue to be the “engine” driving the company in the near term, CEO Bernard Looney said Tuesday. Looney and CFO Murray Auchincloss held a wide-ranging conference call to share third quarter results. BP’s global…

October 27, 2020
Seven Key Oil, Natural Gas Producing Regions Set to Lower Output in November, Says EIA

Seven Key Oil, Natural Gas Producing Regions Set to Lower Output in November, Says EIA

Despite anticipated increases in productivity per rig across seven key U.S. producing regions, overall oil and gas output from these areas is expected to fall across the board from October to November, according to updated numbers released Tuesday by the Energy Information Administration (EIA). The agency’s latest Drilling Productivity Report (DPR) projects that total natural…

October 13, 2020
Matador Sees Strong Results in Permian Delaware with More Wells Nearing Completion

Matador Sees Strong Results in Permian Delaware with More Wells Nearing Completion

Permian Basin-focused Matador Resources Co. has seen some of the highest initial potential (IP) rates from one of four wells recently completed and turned to sales in the Stateline asset area in Eddy County, NM. The Dallas-based operator said Tuesday the test results from the Boros No. 215H well showed 24-hour IP production of 4,584…

September 22, 2020
Range Resources Aiming for Net Zero Emissions in Lower 48 by 2025

Range Resources Aiming for Net Zero Emissions in Lower 48 by 2025

Lower 48 independent Range Resources Corp. on Wednesday unveiled an emissions goal of net zero greenhouse gas (GHG) emissions by 2025. The Fort Worth, TX-based exploration and production (E&P) company said in its 2020 Corporate Sustainability Report it has reduced absolute GHG emissions by 47% since 2017. It also has recycled 147% of produced water…

August 27, 2020
Covenant, Stuart Combine Lower 48 Well Flowback, Pressure Control Businesses

Covenant, Stuart Combine Lower 48 Well Flowback, Pressure Control Businesses

Houston-based Covenant Testing Technologies LLC said Tuesday it is combining with Stuart Pressure Control to provide well flow and pressure control for operators across the Lower 48. The tie-up is designed to expand services for exploration and production companies in the Permian and Denver-Julesburg basins, as well as the Eagle Ford and Haynesville shales. “In…

August 18, 2020
Oil, Natural Gas Supply from Major U.S. Plays to Continue Falling in September, EIA Says

Oil, Natural Gas Supply from Major U.S. Plays to Continue Falling in September, EIA Says

Oil and natural gas production from seven key U.S. onshore plays is set to decline in September, continuing a downtrend that began earlier this year, according to the latest Drilling Productivity Report (DPR) published Monday by the Energy Information Administration (EIA). EIA expects oil production from the Anadarko, Appalachian, Denver Julesburg-Niobrara and Permian basins, as…

August 17, 2020
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