Haynesville

Natural Gas Count Up Three in U.S. as Marcellus, Haynesville Pick Up Rigs

Natural Gas Count Up Three in U.S. as Marcellus, Haynesville Pick Up Rigs

The U.S. natural gas drilling count rose three units to 117 for the period ending Wednesday (Nov. 22) as the Haynesville and Marcellus shales picked up rigs, Baker Hughes Co. (BKR) data show. Oil-directed drilling was unchanged at 500 rigs in the United States for the period, while the addition of one miscellaneous unit helped…

November 22, 2023
Chesapeake Prepared to Expand Natural Gas Drilling in 2024 Ahead of LNG Export Growth

Chesapeake Prepared to Expand Natural Gas Drilling in 2024 Ahead of LNG Export Growth

Chesapeake Energy Corp. has turned to another global commodity trader to help expose more of its U.S. natural gas production to international markets, inking a tentative deal with Vitol Inc. to sell up to 1 million metric tons/year (mmty) of LNG. The heads of agreement (HOA) follows one that Chesapeake signed earlier this year with…

November 1, 2023
Natural Gas Said in ‘Supply Purgatory’ in 2024 Before Deficit, LNG Export Boom Take Hold

Natural Gas Said in ‘Supply Purgatory’ in 2024 Before Deficit, LNG Export Boom Take Hold

North American natural gas markets face the risk of oversupply in 2024 if winter comes in mild amid prodigious production gains. However, the gates are set to swing open for surging LNG exports in 2025 that could support prices out to 2030, analysts said. Lower 48 gas in storage is amply supplied ahead of winter,…

November 1, 2023
Matador Scores Record Natural Gas, Oil Output – and M&A Always Possible, Says CEO

Matador Scores Record Natural Gas, Oil Output – and M&A Always Possible, Says CEO

Dallas-based Matador Resources Co., which works in the Permian Basin, Haynesville and Eagle Ford shales, achieved record results during the third quarter, with natural gas production up 28% from a year ago and 6% higher sequentially.  The stronger output came in part following the takeover earlier this year of Permian producer Advance Energy Partners Holdings…

October 25, 2023
Questions Loom Over Haynesville Production as LNG Export Capacity Surge Nears

Questions Loom Over Haynesville Production as LNG Export Capacity Surge Nears

As U.S. LNG exporters race to be the next project built on the Gulf Coast, natural gas demand is forecast to soar through the decade, causing near-term supply and infrastructure constraints throughout the market. Speaking at the Gulf Coast Energy Forum in New Orleans, RBN Energy LLC’s David Braziel, director of fundamental analysis, said the…

October 16, 2023
Clearfork Midstream Completes 65% Natural Gas Capacity Increase in Haynesville

Clearfork Midstream Completes 65% Natural Gas Capacity Increase in Haynesville

Clearfork Midstream LLC said Tuesday it culminated a series of expansions across its Holly System in North Louisiana, boosting its gathering and processing (G&P) volumes there above 1.0 Bcf/d as the company responds to strong demand from natural gas producers in the Haynesville Shale. “These significant system upgrades extend” Clearfork “into new areas throughout the…

August 23, 2023
WhiteHawk Betting on Haynesville, Marcellus Natural Gas Assets

WhiteHawk Betting on Haynesville, Marcellus Natural Gas Assets

WhiteHawk Energy LLC has acquired $100 million in institutional investor funding to be used in buying mineral and royalty assets in shale plays in the United States. An initial $20 million would fund closing of a purchase of Haynesville Shale mineral and royalty assets covering 375,000 gross unit acres. The Haynesville assets are being bought…

August 10, 2023
Domestic Natural Gas Output to Inch Higher in July, Averaging 97.34 Bcf/d, Says EIA

Domestic Natural Gas Output to Inch Higher in July, Averaging 97.34 Bcf/d, Says EIA

Natural gas production from the Lower 48’s top seven basins is expected to climb ever so slightly in July to about 97.34 Bcf/d, about 84 MMcf/d higher than in June, according to the U.S. Energy Information Administration (EIA). The Drilling Productivity Report (DPR) provides month/month natural gas and oil production forecasts for the Anadarko, Appalachia…

June 12, 2023
Enterprise Brings Online Another 400 MMcf/d of Haynesville Natural Gas Takeaway Capacity

Enterprise Brings Online Another 400 MMcf/d of Haynesville Natural Gas Takeaway Capacity

Enterprise Product Partners LP has completed its expansion of the Acadian Haynesville Extension natural gas pipeline, granting more options for LNG exporters on the Gulf Coast. This expansion adds about 400 MMcf/d of Haynesville Shale natural gas takeaway capacity. “The expansion of the Acadian Haynesville Extension provides Haynesville producers with incremental natural gas takeaway capacity…

May 31, 2023
Contraction Possible for Texas Upstream as Natural Gas Prices Fall, Says Top Economist

Contraction Possible for Texas Upstream as Natural Gas Prices Fall, Says Top Economist

The upstream natural gas and oil industry in Texas is at risk of slowing in part as natural gas prices have plunged by more than 160% year/year, according to the Texas Alliance of Energy Producers (TAEP). NGI’s spot natural gas price at the Henry Hub was $2.090/MMBtu at the start of April, down more than…

May 31, 2023