Shale

DT Midstream Expecting Haynesville Natural Gas Volumes to Jump as LNG Projects Near Completion

DT Midstream Expecting Haynesville Natural Gas Volumes to Jump as LNG Projects Near Completion

Haynesville Shale exploration and production (E&P) companies are biding their time and keeping an eye on forward natural gas prices in anticipation of more LNG takeaway by 2025, DT Midstream Inc. (DTM) CEO David Slater said Tuesday. During the conference call to discuss second quarter results, Slater said the Detroit-based company is “observing moderating production…

August 2, 2023
BC, Blueberry River to Jointly Oversee Resources, Potentially Limit New Natural Gas, Oil Projects

BC, Blueberry River to Jointly Oversee Resources, Potentially Limit New Natural Gas, Oil Projects

British Columbia (BC) and Blueberry River First Nations struck a historic agreement this week to  partner on resource stewardship that among other things could limit new oil and natural gas development, as well as revamp future energy activities. The agreement would ensure “Blueberry River members can meaningfully exercise their Treaty 8 rights, and provide stability…

January 20, 2023
Argentina’s YPF Sees LNG Exports, Pipeline Expansions Easing Vaca Muerta Takeaway Constraints

Argentina’s YPF Sees LNG Exports, Pipeline Expansions Easing Vaca Muerta Takeaway Constraints

Argentina’s YPF SA is aiming to sanction an LNG export project by the end of 2023, according to CFO Alejandro Lew. Lew and CEO Pablo Iuliano hosted a call to discuss the 51% state-owned oil and gas company’s third-quarter results. YPF and Malaysian national oil company Petronas signed a memorandum of understanding on Sept. 1…

December 2, 2022
TC Energy Eyeing Increased LNG Exports From Haynesville 

TC Energy Eyeing Increased LNG Exports From Haynesville 

TC Energy Corp. is working to connect more natural gas supply from the Haynesville Shale and Western Canadian Sedimentary Basin (WCSB) with LNG export demand, management said last week. CEO François Poirier hosted a call on Wednesday (Nov. 9) to discuss the Calgary-based pipeline juggernaut’s third quarter earnings. Poirier and his team highlighted the $400…

November 18, 2022
U.S. Upstream Activity Steady as Oil Tally Rises, Natural Gas Drilling Slows

U.S. Upstream Activity Steady as Oil Tally Rises, Natural Gas Drilling Slows

The U.S. rig count inched higher during the week ended Friday (Sept. 30), picking up one unit to end at 765 thanks to a small overall gain in the oil patch, according to the latest figures from Baker Hughes Co. (BKR). Two oil-directed rigs were added in the United States for the week. Partially offsetting…

September 30, 2022
Lower 48 E&Ps Primed to Capitalize on High Oil, Natural Gas Prices

Lower 48 E&Ps Primed to Capitalize on High Oil, Natural Gas Prices

The disciplined capital approach by Lower 48 natural gas and oil producers has collided with sharply higher commodity prices, giving the industry the potential to become debt free and ready to transition to lower carbon, according to Deloitte. U.S. exploration and production (E&P) companies this year alone could report a total of $1.4 trillion in…

August 31, 2022
Marathon Oil Prioritizing Investment Grade Over Capitalizing on High Commodity Prices

Marathon Oil Prioritizing Investment Grade Over Capitalizing on High Commodity Prices

Houston-based Marathon Oil Corp. held its natural gas and oil production levels relatively steady during the second quarter, a trend it plans to continue, as it prioritizes financial stability over capitalizing on lofty commodity prices. CEO Lee Tillman told investors during a 2Q2022 conference call the exploration and production (E&P) company was focused on remaining…

August 5, 2022
ConocoPhillips Selling Anadarko Basin Producing Wells to Diversified

ConocoPhillips Selling Anadarko Basin Producing Wells to Diversified

Diversified Energy Co. plc said Thursday it is acquiring about 1,500 producing Midcontinent wells from ConocoPhillips. The $240 million Anadarko Basin bolt-on, funded with existing cash and debt, would expand Diversified’s Oklahoma and Texas footprint in the company’s Central Region. The former Appalachian Basin pure play also holds assets in the gassy Barnett and Haynesville…

July 29, 2022
Argentina Takes Step Forward in Key Vaca Muerta Infrastructure Project

Argentina Takes Step Forward in Key Vaca Muerta Infrastructure Project

Argentine officials have unveiled the companies vying for the right to construct the 24 MMm3/d Néstor Kirchner pipeline natural gas pipeline. The companies that presented bids were Btu SA, Esuco SA, Transportadora de Gas del Sur SA, and two consortia: Techint SA-Sacde SA and Contreras Hermanos SA-Víctor Contreras SA. If the offers qualify, economic bids…

July 15, 2022
North Dakota Regulator Sees Growing Incentive for Public E&Ps to Go Private

North Dakota Regulator Sees Growing Incentive for Public E&Ps to Go Private

News that Continental Resources Inc. may be taken private should come as no surprise, according to North Dakota’s top oil and gas regulator. Continental is the largest producer in the oily Bakken Shale, which accounts for 96% of the state’s production. Executive Chairman Harold Hamm announced he is seeking to purchase all outstanding shares in…

June 17, 2022
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