Haynesville

TC Energy Eyeing Increased LNG Exports From Haynesville 

TC Energy Eyeing Increased LNG Exports From Haynesville 

TC Energy Corp. is working to connect more natural gas supply from the Haynesville Shale and Western Canadian Sedimentary Basin (WCSB) with LNG export demand, management said last week. CEO François Poirier hosted a call on Wednesday (Nov. 9) to discuss the Calgary-based pipeline juggernaut’s third quarter earnings. Poirier and his team highlighted the $400…

November 18, 2022
U.S. LNG Exports Took Off in 2021 as Domestic Natural Gas Prices Surged

U.S. LNG Exports Took Off in 2021 as Domestic Natural Gas Prices Surged

Consumption in the domestic electric and residential sectors fell in 2021, but record LNG exports drove growth in net natural gas disposition, according to the U.S. Energy Information Administration (EIA).  Natural gas demand, net liquefied natural gas exports and net storage grew by 3.6% last year compared with 2020, when the Covid-19 pandemic swept across…

November 18, 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
Natural Gas Forwards, Futures Prices Tumble Lower, But Too Early to ‘Write Off Winter’

Natural Gas Forwards, Futures Prices Tumble Lower, But Too Early to ‘Write Off Winter’

Buckling under the weight of one triple-digit shoulder season storage injection after another, natural gas forwards sold off sharply during the Oct. 13-19 trading period, NGI’s Forward Look data show. Regional forwards price action from coast to coast reflected a market reconsidering the extent of winter upside risks in light of a rapidly shrinking inventory…

October 21, 2022
Lower 48 Permitting Ends September with Gains Led by Permian, Haynesville

Lower 48 Permitting Ends September with Gains Led by Permian, Haynesville

Oil and natural gas permitting climbed in September from August by 26% and rose nearly 60% from a year ago, ending the third quarter on a positive note, according to Evercore ISI. Analysts said there were 809 more requests to drill in September month/month (m/m). The Permian Basin led the way, rebounding by 47% from…

October 14, 2022
Texas Upstream Natural Gas, Oil Industry Direct Jobs Top 200K

Texas Upstream Natural Gas, Oil Industry Direct Jobs Top 200K

The direct upstream job count in the Lone Star State surpassed the 200,000 mark in August for the first time since the pandemic-related freefall in employment in 2020, the Texas Independent Producers and Royalty Owners Association (TIPRO) reported last week. Based on the trade group’s analysis of U.S. Bureau of Labor Statistics (BLS) data, Texas…

September 21, 2022
U.S. Natural Gas Activity Slows Modestly, Oil Tally Grows on Permian Gains

U.S. Natural Gas Activity Slows Modestly, Oil Tally Grows on Permian Gains

The U.S. natural gas rig count fell one unit to 158 for the week ended Friday (Aug. 26), while a round of gains in the oil patch lifted the combined domestic drilling tally three units higher to 765, according to the latest data from oilfield services provider Baker Hughes Co. (BKR). Week/week changes domestically included…

August 26, 2022
Tellurian’s Haynesville Deal Bolsters Natural Gas Production, ‘Economic Hedge’

Tellurian’s Haynesville Deal Bolsters Natural Gas Production, ‘Economic Hedge’

Tellurian Inc. has completed another acquisition in the Haynesville Shale, further bolstering the natural gas production position as works toward sanctioning a Louisiana LNG export terminal. A unit of Houston-based Tellurian disclosed it paid $125.5 million for a package of assets from EnSight IV Energy Partners LLC and EnSight Haynesville Partners LLC. At the close…

August 22, 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
Texas Oil, Natural Gas Drilling Permits Jump in Haynesville, Permian

Texas Oil, Natural Gas Drilling Permits Jump in Haynesville, Permian

The Railroad Commission of Texas (RRC) reported the number of permits issued in June to drill wells in its East Texas District, which includes part of the gassy Haynesville Shale, jumped 200% year/year. RRC issued 42 permits to drill oil and gas wells in the East Texas area, aka District 6, compared with 14 permits…

July 8, 2022
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