Haynesville

North America Likely Taking Biggest Hit from Pullback in Global Oil, Gas Drilling

North America Likely Taking Biggest Hit from Pullback in Global Oil, Gas Drilling

The number of oil and natural gas wells likely to be drilled around the world this year is forecast to hit its lowest level since at least the early 2000s, with North America the most impacted from slumping demand in the age of Covid-19. An analysis by Rystad Energy issued on Tuesday pegged the number…

July 14, 2020
Oil, Natural Gas Production Slide to Continue Next Month in Key Lower 48 Unconventional Plays

Oil, Natural Gas Production Slide to Continue Next Month in Key Lower 48 Unconventional Plays

Deflating oil and natural gas production from seven of the most prolific U.S. onshore unconventional plays is expected to continue in August, according to the Energy Information Administration (EIA).  Total oil production from the Anadarko, Appalachian and Permian basins, and the Bakken, Eagle Ford, Haynesville and Niobrara formations is expected to decline to 7.49 million…

July 13, 2020
EnerCorp Merging with Pro Oil to Build OFS Business in Lower 48

EnerCorp Merging with Pro Oil to Build OFS Business in Lower 48

EnerCorp Engineered Solutions said Monday it is merging with well flow specialist Pro Oil & Gas Services LLC to expand well construction services across North America.  EnerCorp, headquartered in The Woodlands near Houston, formerly was EnerCorp Sand Solutions. The oilfield services (OFS) specialist has focused on sand separation technologies, as well as providing ancillary flowback…

July 13, 2020
Comstock Applies for New Haynesville Drilling Permits, Remains Bullish on NatGas

Comstock Applies for New Haynesville Drilling Permits, Remains Bullish on NatGas

Comstock Resources Inc., which works in the Haynesville and Bakken shales, filed in late June applications with the Texas Railroad Commissioner to drill four new wells in the natural gas-rich Haynesville Shale in East Texas. In a July 2020 investor presentation, Comstock highlighted favorable supply and demand fundamentals for natural gas with “sharp activity decline…

July 7, 2020
Permian Activity Declines as U.S. Rig Count Down Two

Permian Activity Declines as U.S. Rig Count Down Two

Driven by declines in the Permian Basin, the U.S. rig count fell two units overall to drop to 263 for the short holiday week ending Thursday (July 2), according to the latest numbers from Baker Hughes Co. (BKR). Changes for the week included a three-rig decline in oil-directed drilling, partially offset by the addition of…

July 2, 2020
Finally Toppled by Debt, Chesapeake in Bankruptcy

Finally Toppled by Debt, Chesapeake in Bankruptcy

Chesapeake Energy Corp., once a symbol of the American natural gas industry’s revival and a disruptive leader that helped spark the nation’s unconventional boom, filed for Chapter 11 protection on Sunday to wipe out $7 billion of debt.  The move follows months of speculation and years of cost-cutting initiatives at the Oklahoma City-based independent, which…

June 29, 2020
Haynesville Natural Gas Output Seen Down to 2023, but Henry Hub Gains Could Alter Track

Haynesville Natural Gas Output Seen Down to 2023, but Henry Hub Gains Could Alter Track

The Haynesville Shale, the second largest dry natural gas producing area in the United States, is positioned for a 20% decline in output and activity to 2023 if Henry Hub prices were to maintain an average of$1.80-1.90/MMBtu.

May 12, 2020
EIA Forecasts Natural Gas, Oil Production Decline in May from Key Lower 48 Plays

EIA Forecasts Natural Gas, Oil Production Decline in May from Key Lower 48 Plays

Reflecting the impact of both the coronavirus pandemic and the global oil price war, natural gas and oil production from seven of the most prolific onshore U.S. unconventional plays is expected to decline in May compared with April, according to the Energy Information Administration (EIA).

April 14, 2020
EIA Forecasts Natural Gas, Oil Production Decline in May from Key Lower 48 Plays

EIA Forecasts Natural Gas, Oil Production Decline in May from Key Lower 48 Plays

Reflecting the impact of both the coronavirus pandemic and the global oil price war, natural gas and oil production from seven of the most prolific onshore U.S. unconventional plays is expected to decline in May compared with April, according to the Energy Information Administration (EIA).

April 14, 2020
Midcoast Sanctions CJ Express, Bolstering Haynesville Access to Gulf Coast

Midcoast Sanctions CJ Express, Bolstering Haynesville Access to Gulf Coast

The East Texas operating subsidiary of Midcoast Energy LLC has made a final investment decision and entered into long-term anchor shipper agreements in support of its CJ Express expansion project, allowing producers in the Haynesville Shale further access to Gulf Coast markets.

March 10, 2020
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