Haynesville

Haynesville Shale pure-play Comstock Resources Inc. scored in the third quarter, lifted by strong natural gas prices and by selling 15% of output directly to LNG shippers on the Gulf Coast. The Frisco, TX-based independent gained leverage with 70% of its natural gas sold in “high value” Gulf Coast markets, including the liquefied natural gas…

Buckling under the weight of one triple-digit shoulder season storage injection after another, natural gas forwards sold off sharply during the Oct. 13-19 trading period, NGI’s Forward Look data show. Regional forwards price action from coast to coast reflected a market reconsidering the extent of winter upside risks in light of a rapidly shrinking inventory…

Oil and natural gas permitting climbed in September from August by 26% and rose nearly 60% from a year ago, ending the third quarter on a positive note, according to Evercore ISI. Analysts said there were 809 more requests to drill in September month/month (m/m). The Permian Basin led the way, rebounding by 47% from…

The direct upstream job count in the Lone Star State surpassed the 200,000 mark in August for the first time since the pandemic-related freefall in employment in 2020, the Texas Independent Producers and Royalty Owners Association (TIPRO) reported last week. Based on the trade group’s analysis of U.S. Bureau of Labor Statistics (BLS) data, Texas…

The U.S. natural gas rig count fell one unit to 158 for the week ended Friday (Aug. 26), while a round of gains in the oil patch lifted the combined domestic drilling tally three units higher to 765, according to the latest data from oilfield services provider Baker Hughes Co. (BKR). Week/week changes domestically included…

Tellurian Inc. has completed another acquisition in the Haynesville Shale, further bolstering the natural gas production position as works toward sanctioning a Louisiana LNG export terminal. A unit of Houston-based Tellurian disclosed it paid $125.5 million for a package of assets from EnSight IV Energy Partners LLC and EnSight Haynesville Partners LLC. At the close…

An expansion of DT Midstream Inc.’s Louisiana Energy Access Project, or LEAP, is underway, with capacity set to climb to 1.7 Bcf/d, or by 70%. The executive team on Wednesday discussed the 150-mile, 36-inch diameter system, which now moves about 1 Bcf/d of Haynesville Shale supply in Louisiana to the Gulf Coast for industrial use…

The Railroad Commission of Texas (RRC) reported the number of permits issued in June to drill wells in its East Texas District, which includes part of the gassy Haynesville Shale, jumped 200% year/year. RRC issued 42 permits to drill oil and gas wells in the East Texas area, aka District 6, compared with 14 permits…

Texas’ natural gas production tax generated $439.1 million in June, up 176% year/year and a new state record, the Texas Comptroller of Public Accounts reported last week. The Lone Star State’s latest natural gas production tax take beats the previous record for the levy, set in May, by 6.3%. Also hitting an all-time high was…