Onshore

Wyoming Groups Aiming to Speed Up Resumption of Federal Oil, Natural Gas Leasing

Wyoming Groups Aiming to Speed Up Resumption of Federal Oil, Natural Gas Leasing

Wyoming’s two main oil and gas trade groups are seeking to expedite the resumption of oil and gas leases on federal property by the Department of the Interior (DOI). In a merits brief filed Aug. 30 in Wyoming District Court, the Western Energy Alliance and the Petroleum Association of Wyoming (PAW) allege that DOI is…

September 8, 2021
API, Energy Trade Groups Sue to End Oil and Gas Leasing Pause on Federal Lands, Waters

API, Energy Trade Groups Sue to End Oil and Gas Leasing Pause on Federal Lands, Waters

A consortium of oil and gas industry groups said Monday they had sued the U.S. Department of the Interior (DOI) to reverse its decision this year to indefinitely freeze oil and natural gas leasing on federal lands and waters. In the lawsuit filed in the U.S. District Court for the Western District of Louisiana, the…

August 16, 2021
U.S. E&Ps Set to Unleash More Capex in 2022 on Rising Demand, Record Cash Flow

U.S. E&Ps Set to Unleash More Capex in 2022 on Rising Demand, Record Cash Flow

Capital spending by exploration and production (E&P) companies likely will continue this year at a fairly modest pace but analysts foresee expenditures rising in 2022 from strong cash flow and tighter oil and gas supply. A revival in global capital expenditures is underway following the downturn of 2020, but producers are remaining disciplined in their…

June 24, 2021
API, Chamber Urge Biden Administration to Lift Moratorium on Federal Oil, Natural Gas Leasing

API, Chamber Urge Biden Administration to Lift Moratorium on Federal Oil, Natural Gas Leasing

The American Petroleum Institute (API) and the U.S. Chamber of Commerce joined Republican leaders in calling on the Biden administration to lift its temporary pause on federal oil and natural gas leasing after a Louisiana district court ordered the moratorium be lifted. Fourteen states in March challenged President Biden’s executive order (EO), which in January,…

June 15, 2021
EIA Modeling June Oil Production Growth on Strength of Permian Output

EIA Modeling June Oil Production Growth on Strength of Permian Output

Driven by the Permian Basin, oil production out of seven key U.S. onshore regions is set to grow from May to June, while natural gas production is on track to decline, according to the updated projections from the Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), EIA said it expects the Anadarko,…

May 17, 2021
EIA Projects Continued Decline in U.S. Natural Gas, Oil Output from Key Onshore Plays in April

EIA Projects Continued Decline in U.S. Natural Gas, Oil Output from Key Onshore Plays in April

Natural gas production from seven key U.S. regions is set to fall by 316 MMcf/d from March to April, extending a downward trajectory in projected output from the domestic plays that goes back to early last year, according to new data published Monday by the U.S. Energy Information Administration (EIA). Combined output from the Anadarko,…

March 17, 2021
U.S. Land Permitting Collapses in November, Driven by Permian, Haynesville

U.S. Land Permitting Collapses in November, Driven by Permian, Haynesville

Lower 48 oil and natural gas permitting during November plunged by nearly one-third month/month, with activity in the Permian Basin and Haynesville Shale sharply down, according to Evercore ISI. Evercore analysts led by James West compile a monthly review of federal and state permitting. According to the data, exploration and production (E&P) companies requested 32%…

December 11, 2020
U.S. Onshore D&C Spending Cuts to Far Outpace Oil Output Decline in 2021, Rystad Says

U.S. Onshore D&C Spending Cuts to Far Outpace Oil Output Decline in 2021, Rystad Says

Oil production from U.S. shale plays is likely to hit a floor in 2021 with no further declines expected in a $40 to $45/bbl West Texas Intermediate (WTI) price environment, according to new analysis by Rystad Energy. Output is expected to fall by an estimated 3.1% year/year to 7.5 million b/d in 2020 from 7.7…

November 19, 2020
Oil, Gas Environmental Partnership Expands to Include Pipeline Companies

Oil, Gas Environmental Partnership Expands to Include Pipeline Companies

The Environmental Partnership, a coalition of oil and natural gas producers formed to accelerate improvements to environmental performance in U.S. onshore operations, said Wednesday it has expanded its membership to midstream companies. The addition of pipeline companies has more than tripled the organization’s membership to 83 participants. The Environmental Partnership was formed in December 2017.…

July 16, 2020

4Q2019 Earnings: Noble Ties Natural Gas Growth to Leviathan, with Lower 48 Liquids Driven by DJ, Permian

Houston-based Noble Energy Inc. spent less and produced more in 2019, boosted by the ramp of the Leviathan natural gas field offshore Israel and better performance from Lower 48 properties in Colorado and Texas.

February 12, 2020
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