Lower 48

Natural Gas Rig Count Climbs as U.S. Drilling Activity Continues to Rise

Natural Gas Rig Count Climbs as U.S. Drilling Activity Continues to Rise

The U.S. natural gas rig count rose three units to 149 for the week ended Friday (May 13), while rising numbers in the oil patch rounded out another week of healthy gains for domestic drilling activity, the latest numbers from Baker Hughes Co. (BKR) show. Six oil-directed rigs were added along with the three natural…

May 13, 2022
Natural Gas Drilling Steady in U.S. as Oil Activity Rises

Natural Gas Drilling Steady in U.S. as Oil Activity Rises

The U.S. natural gas rig count held flat at 144 for the week ended Friday (April 29), while oil-directed drilling gains lifted the combined domestic tally three units to 698, according to updated figures from Baker Hughes Co. (BKR). Activity gains in the United States included net increases of two rigs on land and one…

April 29, 2022
TC Looking to Bridge RNG Producers, Customers with U.S. Transportation Hub

TC Looking to Bridge RNG Producers, Customers with U.S. Transportation Hub

TC Energy Corp. has launched a collaboration aimed at connecting renewable natural gas (RNG) to a series of transportation hubs across its U.S. network of pipelines. The Calgary-based energy infrastructure company has tapped GreenGasUSA Holdings LLC, an RNG operator and developer, to expand the volume of low-carbon gas captured from farms and landfills within the…

April 29, 2022
ConocoPhillips’ Lance Urges Natural Gas, Oil Industry to ‘Stay Connected’ in Midst of Ukraine Crisis

ConocoPhillips’ Lance Urges Natural Gas, Oil Industry to ‘Stay Connected’ in Midst of Ukraine Crisis

In the wake of a ban on Russian oil and natural gas to the United States, Tuesday talks at CERAWeek in Houston notably shifted to energy security and geopolitics, but ConocoPhillips CEO Ryan Lance had a few choice words for anyone who believes this is a perfect time to keep the U.S. natural gas and…

March 8, 2022
Natural Gas Futures Fall as Attention Turns to Likely Domestic Demand Losses

Natural Gas Futures Fall as Attention Turns to Likely Domestic Demand Losses

U.S. natural gas prices retreated Monday after rallying the previous week in the wake of Russia’s invasion of Ukraine. Traders looked past soaring European gas and global oil prices to start and focused on the likelihood of waning domestic demand. The April Nymex gas futures contract settled at $4.833/MMBtu, down 18.3 cents day/day. May shed…

March 7, 2022
Oxy’s Hollub says More Capital Needed to Sustain Production in 2022

Oxy’s Hollub says More Capital Needed to Sustain Production in 2022

Occidental Petroleum Corp. will need to spend more capital in 2022 to maintain oil production at 2021 levels, CEO Vicki Hollub said. Hollub discussed the plans of Occidental, better known as Oxy, during a conference call to discuss fourth-quarter results. Houston-based Oxy is one of the largest U.S. oil producers, with a leading footprint in…

March 3, 2022
U.S. Natural Gas Drilling Rises in Latest Baker Count as Oil Activity Surges

U.S. Natural Gas Drilling Rises in Latest Baker Count as Oil Activity Surges

The U.S. natural gas rig count climbed two units to 109 for the week ended Friday (Jan. 14), while big gains in Texas sent the overall domestic drilling tally higher by double digits, according to updated figures published by Baker Hughes Co. (BKR). Including a net gain of 11 oil-directed rigs, the combined domestic rig…

January 14, 2022
Crescent Energy Created in Merger by Lower 48 E&Ps Independence, Contango

Crescent Energy Created in Merger by Lower 48 E&Ps Independence, Contango

Texas-based exploration and production (E&P) firms Independence Energy LLC and Contango Oil & Gas Co. have created Crescent Energy Co. after completing an all-stock transaction. Houston-based Crescent, whose assets are across the Lower 48, had pro forma production of about 119,000 boe/d during 3Q2021. The Independence portfolio spanned the Eagle Ford Shale, Rockies, Permian Basin…

December 10, 2021
Lower 48 Plays to Continue Ratcheting Up Natural Gas, Oil Output in December, EIA Says

Lower 48 Plays to Continue Ratcheting Up Natural Gas, Oil Output in December, EIA Says

Led by growth out of the Haynesville Shale, natural gas production from seven key U.S. onshore regions is set to climb from November to December, according to updated projections from the Energy Information Administration (EIA). Total natural gas production from the Anadarko, Appalachia and Permian basins, as well as from the Bakken, Eagle Ford, Haynesville…

November 15, 2021
October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

October Natural Gas Futures Skyrocket Ahead of Expiration, Reach New 2021 High

Natural gas futures sailed higher on Monday, rallying for a third straight session ahead of prompt month expiration and amid a potential global energy supply crunch. The October Nymex contract spiked 56.6 cents day/day and settled at $5.706/MMBtu. October rolls off the board as the prompt month at the close of trading Tuesday. November jumped…

September 27, 2021
‹ Previous 1 2 3