natural gas production

Weather Models Trend Milder Over Weekend as Natural Gas Futures Slide Early

Weather Models Trend Milder Over Weekend as Natural Gas Futures Slide Early

Natural gas futures retreated in early trading Monday as forecasts over the weekend advertised milder conditions that would limit early season cooling demand. The June Nymex contract was down 2.3 cents to $2.935/MMBtu at around 8:45 a.m. ET. Changes in the weather data over the weekend pointed to lower overall demand for the next 15…

May 10, 2021
Pioneer Claims No. 1 Permian Producer Spot with DoublePoint, Parsley Acquisitions

Pioneer Claims No. 1 Permian Producer Spot with DoublePoint, Parsley Acquisitions

With two big transactions completed in a matter of months, Pioneer Natural Resources Co. has become the largest producer in the Permian Basin and should produce up to 700,000 boe/d-plus in 2022, CEO Scott Sheffield said Wednesday. The Dallas-based independent this week completed a $6.4 billion purchase of privately held West Texas competitor DoublePoint Energy…

May 6, 2021
Apache Nabs $4-Plus for Permian Natural Gas, Boosted by Prescient Hedging Strategy

Apache Nabs $4-Plus for Permian Natural Gas, Boosted by Prescient Hedging Strategy

After fetching $4.61/Mcf for its Permian Basin natural gas in the first quarter, APA Corp. is stepping up its activity in some prospects and extending its exploration in Texas, executives said Thursday. The gassy Alpine High development in the Permian Delaware sub-basin of West Texas had been the Houston-based explorer’s No. 1 global play. As…

May 6, 2021
Comstock Looking at ‘Moderate’ Haynesville Natural Gas Production Growth as Prices Rise

Comstock Looking at ‘Moderate’ Haynesville Natural Gas Production Growth as Prices Rise

Haynesville Shale giant Comstock Resources Inc. should see “moderate” production growth this year as market conditions improve, executives said Wednesday during a first quarter earnings call. The Frisco, TX-based independent has 323,000 net acres in the Haynesville/Bossier formations across East Texas and North Louisiana, one of the gassiest regions of the country. Production this year…

May 6, 2021
EQT Enters Northeast Pennsylvania in $2.9B Deal for Alta’s Marcellus Assets

EQT Enters Northeast Pennsylvania in $2.9B Deal for Alta’s Marcellus Assets

EQT Corp. agreed Thursday to acquire Alta Resources Development LLC in a $2.9 billion deal that would add another 300,000 net Marcellus Shale acres and give it entry into Northeast Pennsylvania.  The nation’s largest natural gas producer said the acquisition would push its volumes to 5.6 Bcfe/d from 4.6 Bcfe/d. Once completed, the company would…

May 6, 2021
Canada’s Tourmaline Ramps Natural Gas Production 30% Higher Year/Year

Canada’s Tourmaline Ramps Natural Gas Production 30% Higher Year/Year

Tapping liquids-rich Canadian unconventional natural gas and a continent-wide marketing program paid off for Tourmaline Oil Corp. in the first three months of this year. As the top natural gas producer drilling only in Canada, the Calgary explorer scored a 30% gain to 1.91 Bcf/d in the quarter from 1.47 Bcf/d a year earlier. Liquids…

May 6, 2021
Whitecap Returns to Profitability on Canada Oil, Gas Acquisitions and Higher Prices

Whitecap Returns to Profitability on Canada Oil, Gas Acquisitions and Higher Prices

Improved prices for increased oil, natural gas and liquids volumes, achieved in part on corporate takeovers, fueled a return to profitability by Canadian producer Whitecap Resources Inc. in the first three months of this year. Whitecap oil production volumes grew year/year to 64,795 b/d from 56,631 b/d, with natural gas volumes hitting 129 MMcf/d from…

April 29, 2021
Mexico’s AMLO Says Oil Central to Climate Commitments as Pemex ESG Strategy Questioned

Mexico’s AMLO Says Oil Central to Climate Commitments as Pemex ESG Strategy Questioned

Mexico’s president Andrés Manuel López Obrador cited oil production, hydroelectricity and a tree-planting program as pillars of his country’s climate strategy during the Leaders Summit on Climate organized by the White House. In contrast to his fellow world leaders, López Obrador made no mention of specific emissions targets, nor did he mention wind and solar…

April 28, 2021
Natural Gas Futures Maintain Upward Momentum Early as Traders ‘Shift Focus to Summer’

Natural Gas Futures Maintain Upward Momentum Early as Traders ‘Shift Focus to Summer’

Natural gas futures continued riding high in early trading Wednesday, adding to their recent gains as analysts noted continued tightness in the supply/demand balance. The expiring May Nymex contract was up 3.7 cents to $2.910/MMBtu at around 8:45 a.m. ET. June was up 3.5 cents to $2.977. The May contract surged 8.3 cents in Tuesday’s…

April 28, 2021
Lower 48 Production Down on Maintenance as Natural Gas Futures Press Higher Early

Lower 48 Production Down on Maintenance as Natural Gas Futures Press Higher Early

Estimates showing a day/day drop in production helped natural gas futures extend their recent gains in early trading Tuesday. After picking up 6.0 cents in the previous session, the May Nymex contract was up 3.0 cents to $2.820/MMBtu at around 8:45 a.m. ET. The latest daily production estimate from Wood Mackenzie Tuesday showed a 2.4…

April 27, 2021
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