Shale

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
Diamondback Holding Line on Permian Production – Despite High Prices, Demand

Diamondback Holding Line on Permian Production – Despite High Prices, Demand

Permian Basin pure-play Diamondback Energy Inc. is not budging on plans to keep oil production flat this year, despite increased market tightness because of Russia’s invasion of Ukraine, said CEO Travis Stice. Diamondback “is committed to maintaining our current production levels, providing a significant supply of energy to our country and the world,” said Stice…

May 6, 2022
Tourmaline Boosting Montney Output to Supply LNG Canada

Tourmaline Boosting Montney Output to Supply LNG Canada

As the top supplier of Canadian natural gas, Calgary-based independent Tourmaline Oil Corp. plans to increase Montney Shale output when tanker sailings begin from the Shell plc-led export project, LNG Canada. Plans to boost supply for the liquefied natural gas (LNG) facility under construction in British Columbia (BC) were discussed by Tourmaline’s management team as…

May 6, 2022
Antero Betting on Bullish ‘Structural Shift’ in Natural Gas Prices

Antero Betting on Bullish ‘Structural Shift’ in Natural Gas Prices

Appalachian Basin pure-play Antero Resources Co. is betting on continued high natural gas prices, driven by a “structural shift” in the relationship between U.S. prices and storage levels, CEO Paul Rady said Thursday. “The primary driver behind this shift is the supply side,” Rady told analysts during a call to discuss first quarter earnings. He…

April 29, 2022
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