Haynesville

Comstock to Exit Bakken for $154M, Boost Gassy Haynesville Completions

Comstock to Exit Bakken for $154M, Boost Gassy Haynesville Completions

Comstock Resources Inc. plans to fund a boost in completions activity at its Haynesville Shale assets in Louisiana and Texas using the proceeds from selling properties in North Dakota. The Frisco, TX-based independent said Thursday it would exit the Bakken Shale, selling its assets to Northern Oil & Gas Inc. for $154 million in cash.…

October 8, 2021
ExxonMobil Launches Certification Pilot with MiQ for Permian Natural Gas

ExxonMobil Launches Certification Pilot with MiQ for Permian Natural Gas

ExxonMobil is wading into the certified natural gas game, partnering with nonprofit MiQ for natural gas produced at its Poker Lake, NM, facility in the Permian Basin. About 200 MMcf/d from Poker Lake would be assessed and certified by MiQ, ExxonMobil said Tuesday. The certified natural gas, sometimes referred to as responsibly sourced gas, could…

September 7, 2021
U.S. Natural Gas Rig Count Static, but Lower 48 Oil Drilling Climbs

U.S. Natural Gas Rig Count Static, but Lower 48 Oil Drilling Climbs

The United States gained three drilling rigs for the week ending Friday (Aug. 6), all working in the Lower 48, according to Baker Hughes Co. (BKR).  There were 491 active rigs total in the U.S. onshore and Gulf of Mexico (GOM), compared with 247 for the same period of 2020. The weekly rig tally is…

August 6, 2021
Sempra CEO Says LNG Construction Costs Rising, while Tellurian Looking to Boost Haynesville Output

Sempra CEO Says LNG Construction Costs Rising, while Tellurian Looking to Boost Haynesville Output

Rising construction costs are likely to give brownfield liquefied natural gas (LNG) projects an extra advantage over greenfield sites as planned developments move toward sanction, Sempra CEO Jeff Martin said Thursday. “Greenfield projects tend to have a little bit of a higher per-unit cost than brownfield projects, Martin said during the 2Q2021 earnings call. “This…

August 6, 2021
Natural Gas Rig Count Drops to 103 as GOM Activity Slows

Natural Gas Rig Count Drops to 103 as GOM Activity Slows

The U.S. natural gas rig count slipped one unit to 103 for the week ended Friday (July 30) as a pullback in the Gulf of Mexico (GOM) dragged the overall domestic tally lower, the latest data from Baker Hughes Co. (BKR) show. Declines in the United States also included two oil-directed rigs, leaving the combined…

July 30, 2021
Southwestern Energy Gains Access to Gulf Coast LNG Corridor With Indigo Acquisition

Southwestern Energy Gains Access to Gulf Coast LNG Corridor With Indigo Acquisition

Southwestern Energy Co. is moving beyond the Appalachian Basin to expand its natural gas opportunities with a $2.7 billion takeover of Haynesville Shale pure-play Indigo Natural Resources LLC. The Houston independent, a Lower 48 pioneer in unconventional drilling techniques, said the merger would boost production to 4 Bcfe/d, 85% weighted to natural gas. Indigo, which…

June 3, 2021
Southwestern and Indigo Combining Appalachia, Haynesville Natural Gas Assets in ‘Perfect Recipe for Success’

Southwestern and Indigo Combining Appalachia, Haynesville Natural Gas Assets in ‘Perfect Recipe for Success’

Southwestern Energy Co. is moving beyond the Appalachian Basin to expand its natural gas opportunities with a $2.7 billion takeover of Haynesville Shale pure-play Indigo Natural Resources LLC. The Houston independent, a Lower 48 pioneer in unconventional drilling techniques, said the merger would boost production to 4 Bcfe/d, 85% weighted to natural gas. Indigo, which…

June 2, 2021
Chesapeake Looking to Build Lower 48 Natural Gas Supply, Searching for New CEO

Chesapeake Looking to Build Lower 48 Natural Gas Supply, Searching for New CEO

Oklahoma City-based Chesapeake Energy Corp. expects to up the natural gas mix in its production portfolio to 85% in 2022 from 77%, executives said Wednesday in the first quarter earnings call. The recently restructured company expects its gas production to hit 715-735 Bcf this year. Capital expenditures are set at $670-740 million, executives said. At…

May 13, 2021
Goodrich Ramping Haynesville Natural Gas Production on High Prices, Productive Wells

Goodrich Ramping Haynesville Natural Gas Production on High Prices, Productive Wells

Goodrich Petroleum Corp. plans to ramp up natural gas production in the resurgent Haynesville Shale this year, citing strong commodity pricing and high productivity from recently completed wells in northwestern Louisiana. “The core of the Haynesville continues to offer low development and lifting costs, top-tier cash margins and returns on invested capital, as well as…

May 7, 2021
Tellurian in Market for More Haynesville Assets to Feed Driftwood LNG

Tellurian in Market for More Haynesville Assets to Feed Driftwood LNG

Tellurian Inc., which continues to work toward a final investment decision on its Driftwood liquefied natural gas (LNG) terminal proposed for Louisiana, plans to acquire additional assets in the Haynesville Shale this year.  The company said in its year-end earnings report that it intends to “pursue potential acquisitions” of properties or companies that own Haynesville…

March 1, 2021
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