Haynesville

Riverbend Energy Sells $1.8B in Lower 48 Assets to Undisclosed Buyer

Riverbend Energy Sells $1.8B in Lower 48 Assets to Undisclosed Buyer

Houston-based investment firm Riverbend Energy Group said it has found a buyer for the sale of $1.8 billion in upstream equity interests. The assets include nonoperated interests across the Bakken/Three Forks, Utica, Fayetteville and Haynesville shale formations. The properties produce about 47,000 boe/d from 11,000 wells, the company said. A spokesperson would not comment on…

June 17, 2022
Paul Ryan-Led SPAC in $1.3B Deal to Create Lower 48 E&P

Paul Ryan-Led SPAC in $1.3B Deal to Create Lower 48 E&P

A special purpose acquisition company (SPAC) chaired by former House Speaker Paul Ryan is teaming up with Dallas-based private equity (PE) firm Grey Rock Investment Partners to form a publicly traded Lower 48 exploration and production (E&P) company. Under the proposed transaction, Grey Rock would join forces with Ryan’s Executive Network Partnering Corp. (ENPC) to…

May 17, 2022
Matador’s Lower 48 Natural Gas, Oil Output Set to Climb 14%

Matador’s Lower 48 Natural Gas, Oil Output Set to Climb 14%

Matador Resources Co., whose upstream operations span the Eagle Ford and Haynesville shales, as well as the Permian Basin, reported record production in the first quarter with plans to top that by the end of June. “The first quarter of 2022 was another outstanding quarter both operationally and financially for Matador, highlighted by the successful…

May 2, 2022
Permian, Haynesville Activity Climbs as U.S. Drilling Total Continues Ascent

Permian, Haynesville Activity Climbs as U.S. Drilling Total Continues Ascent

Owing to further growth in the Haynesville Shale and the Permian Basin, the U.S. rig count continued its upward climb during the week ended Friday (Feb. 25), adding five units to end at 650, according to the latest tally from Baker Hughes Co. (BKR). Three natural gas-directed rigs and two oil-directed rigs were added in…

February 25, 2022
U.S. Upstream Dealmaking Fueled by Permian, Haynesville

U.S. Upstream Dealmaking Fueled by Permian, Haynesville

The Permian Basin and natural gas-rich Haynesville Shale accounted for nearly all of the upstream transactions in the final three months of 2021, but dealmaking overall was down sharply from the third quarter, Enverus reported. The value of Lower 48 merger and acquisition (M&A) activity between exploration and production (E&P) companies totaled $9 billion in…

January 14, 2022
TC Energy Sees North America Natural Gas Demand Rising 25% by 2030

TC Energy Sees North America Natural Gas Demand Rising 25% by 2030

TC Energy Corp. expects North American natural gas demand to grow 25% by 2030, a top pipeline executive told investors earlier this month. Demand would mainly be driven by coal-to-gas switching in the power sector and global demand for liquefied natural gas (LNG), TC’s Tracy Robinson, president of the Canada natural gas pipelines unit, said…

December 13, 2021
BP Gains MiQ Natural Gas Certification for Haynesville Wells in Texas

BP Gains MiQ Natural Gas Certification for Haynesville Wells in Texas

BP plc has become the latest major to differentiate its natural gas through MiQ, with the U.S. onshore business achieving a top grade for the methane emissions performance of some wells in the Haynesville Shale. MiQ’s independently audited certification system reviewed emissions in the Haynesville that are managed by BP’s Lower 48 arm BPX Energy…

December 9, 2021
Goodrich Going Private in $480M Deal as Haynesville — and Natural Gas Prices — Heat Up

Goodrich Going Private in $480M Deal as Haynesville — and Natural Gas Prices — Heat Up

Publicly listed independent Goodrich Petroleum Corp. has agreed to be taken private by Paloma Partners VI Holdings LLC in a deal valued at roughly $480 million. Paloma, an affiliate of EnCap Energy Capital Fund XI LP, plans to launch a tender offer to acquire for $23/share in cash all of Goodrich’s outstanding common stock.  Goodrich…

November 22, 2021
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
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