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…
Tag / Haynesville
SubscribeHaynesville
Articles from Haynesville
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…
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…
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…
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…
Natural Gas, Oil Permitting Slump in April, with Haynesville and Marcellus Notably Lower
Natural gas and oil permitting dipped sharply in April from a month earlier, with double-digit losses nearly across the board, according to Evercore ISI. The energy analysts at Evercore, led by James West, every month compile permit data from state and federal officials to determine the direction of U.S. drilling. Once an onshore permit is…
U.S. Operators Shed 16 Natural Gas Rigs as Weak Prices Impact Upstream Activity
In a potential sign of low commodity prices finally catching up with upstream operators, the U.S. natural gas rig count plummeted during the week ended Friday (May 12), dropping 16 rigs to end the period at 141, according to data from Baker Hughes Co. (BKR). Prior to the latest BKR tally, the U.S. natural gas…
DT Midstream Seeing Haynesville Slowdown, but LNG Demand to Drive Pipeline Business Growth
DT Midstream Inc. (DTM) is seeing a reduction in activity among its producer customers in the low natural gas price environment, but record LNG feed gas demand and the potential for increased power burns “could accelerate the tightening of the market,” CEO David Slater said. Speaking to investors Tuesday on the first quarter earnings call,…
BP Beats 1Q Expectations on ‘Exceptional’ Natural Gas Marketing and Trading
Strong global natural gas marketing and trading lifted BP plc in the first three months of this year, helping the company overcome low commodity prices as the integrated major also leaned in to secure opportunities to expand in the United States and overseas. CFO Murray Auchincloss led a conference call Tuesday to discuss the latest…
Natural Gas ‘Price Plunge’ Said to Make Even Top Basins Unattractive for Investment
The decline in U.S. natural gas prices, combined with elevated costs to drill a well, are forecast to slow down drilling and completions (D&C) activity in the gassy basins of the Lower 48. Rystad Energy Vice President Serik Omarov in a note said the gas price decline has created uncertainty for exploration and production (E&P)…