Doubling down on a goal to get more oily, Denver-based QEP Resources said last week it plans to become a Permian Basin pure-play by divesting its assets in the Williston Basin and Haynesville Shale.
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Texas, Permian Lead Weekly Gains in BHI’s U.S. Rig Count
The United States added three rigs for the week ended Friday, including more gains in Texas and the Permian Basin, according to data from Baker Hughes Inc. (BHI).
Haynesville Natural Gas Infrastructure to Expand under Tellurian Proposal
Houston-based Tellurian Inc. is testing support to build a 42-inch diameter natural gas pipeline that would connect up to 2 Bcf/d of Haynesville and Bossier shale volumes to customers in southwestern Louisiana.
U.S. Onshore Natural Gas, Oil Continue to Surge, Says EIA
Domestic natural gas and oil production from the seven biggest basins in the onshore is predicted to move higher in March from February in nearly every field, the Energy Information Administration (EIA) said Monday.
BP Likely to Boost U.S. Investments on Tax Reform Legislation, Says CEO
U.S. tax reform enacted late last year should lead to “enormous” value creation for BP plc, CEO Bob Dudley said Tuesday.
Haynesville Lifts Comstock’s Natural Gas Reserves in 2017
Onshore producer Comstock Resources Inc. replaced 387% of production and increased proved reserves by 27% during 2017, with natural gas output rising from the Haynesville Shale.
BHP Preparing Data Room to Divest Lower 48 Portfolio
Energy conglomerate BHP Billiton Ltd., no longer keen on the plethora of prospects it holds in the Lower 48 states, is preparing data rooms to give potential buyers a better view of its long-held projects in the Permian Basin and three big shale plays, the Eagle Ford, Haynesville and Fayetteville.
NGI The Weekly Gas Market Report
Tellurian Planning Two More NatGas Systems to Move Permian, Haynesville Supply to Gulf Coast
Houston-based Tellurian Inc. said Monday it is developing a three-pipeline attack to expand natural gas supply alternatives in southwestern Louisiana that would not only give its Haynesville Shale production more access, but also link to a massive export project in the works.
Permian Leads Declines As Rig Pullback Continues; U.S. Drops 15
Driven by declines in the Permian Basin and Haynesville Shale, the U.S. rig count fell by 15 for the week ended Friday, nearly doubling the already steep eight-rig loss from the week before, according to data from Baker Hughes Inc. (BHI).
Permian NatGas Output Surpasses Haynesville, Eagle Ford
Natural gas production from the Permian Basin climbed in September by 0.2 Bcf/d to 8.8 Bcf/d, eclipsing gas output from the Haynesville and Eagle Ford shales, the Federal Reserve Board of Dallas said Thursday.