Oil And Gas

Diamondback Energy Inc. has no plans to accelerate oil production growth despite signs of impending tightness in the global market, according to management. CEO Travis Stice hosted a conference call to discuss the Permian Basin pure-play’s fourth quarter and full-year 2022 results. “I don’t think the macro conditions are dictating any kind of production growth…

Targa Resources Corp. is bullishly pushing forward with expansion projects in the prolific Permian Basin, citing expectations for robust global oil and natural gas demand long term The Houston-based company expects momentum to push through 2023, a year in which global oil demand is projected by the International Energy Agency to grow and foundations are…

The U.S. natural gas rig count climbed one unit to 151 for the week ended Friday (Feb. 17), a period of generally minor adjustments to overall domestic upstream activity levels, updated numbers from Baker Hughes Co. (BKR) show. The uptick in natural gas rigs partly offset a two-rig decline in domestic oil-directed drilling for the…

Williams has inked agreements with Chevron U.S.A. Inc. to build greenfield infrastructure onshore and expand a massive offshore system to support growing natural gas deliveries from the Haynesville Shale and deepwater Gulf of Mexico. In one deal, the Tulsa-based pipeline giant would provide gas gathering services for Chevron’s 26,000-acre Haynesville dedication. Chevron in turn made…

Antero Resources Corp. is better prepared to withstand a bearish natural gas price cycle than many of its gas-weighted peers, management said Wednesday. CEO Paul Rady hosted a conference call to discuss the Appalachian pure-play’s fourth-quarter and full-year 2022 results. Antero is a leading producer of natural gas and liquids in the Marcellus and Utica…

Montney and Duvernay shale producers will gain a new pipeline this spring for liquid byproducts of their production in northern Alberta and British Columbia (BC), project leader Keyera Corp. said in its year-end report. Keyera, which reports in Canadian dollars (C$1.00/US 75 cents), said the estimated $2 billion dual line would carry gasoline-like condensate in…

Talos Energy Inc. has completed its merger with EnVen Energy Corp., expanding its Gulf of Mexico (GOM) footprint and positioning the independent to advance the growing carbon capture and sequestration (CCS) business.  After completing the sale, Talos reported it had an outstanding market capitalization of about $2.5 billion and more than 126 million shares of…

The U.S. natural gas rig count fell two units to 158 for the week ended Friday (Feb. 3), while declines in the oil patch sent the combined domestic tally tumbling 12 units lower to 759, according to the latest tally from Baker Hughes Co. (BKR). Along with the loss of two natural gas-directed rigs, domestic…

A softening outlook for natural gas activity and an elevated recession risk may lead to some hiccups this year, but the overall forecast for North American hydrocarbons is the healthiest in years, according to Liberty Energy Inc. CEO Chris Wright. The Denver-based hydraulic fracturing (fracking) and completions expert recently issued its fourth quarter and year-end…