LNG and Mexico exports are expected to underpin U.S. natural gas demand growth over the coming years, with the Agua Dulce hub in South Texas playing a critical supply role. In turn, both markets are building out infrastructure to ensure access to molecules and capacity in an increasingly competitive and globalized gas market. “Feed gas…
Tag / South Texas
SubscribeSouth Texas
Articles from South Texas
KMI Cements Eagle Ford Natural Gas Midstream Deal with NextEra
Kinder Morgan Inc. (KMI) has finalized the $1.8 billion acquisition of NextEra Energy Partners LP’s South Texas Midstream LLC, securing natural gas pipeline and storage assets serving Mexico and the Gulf Coast. “These assets integrate well with our existing South Texas footprint and extend our direct connectivity in the lean area of the Eagle Ford…
SilverBow Now ‘Largest Public Pure-Play’ in Eagle Ford, Eyeing $565M Capex in 2024
Eagle Ford Shale operator SilverBow Resources Inc. is targeting capital expenditures of $550-$580 million to support a three-rig drilling program in 2024, management said Thursday. The Houston-based operator said it has closed its $700 million acquisition of Chesapeake Energy Corp.’s South Texas oil and gas assets, clearing the way to advance natural gas-weighted development in…
Magnolia Steadily Growing Natural Gas, Oil Production in South Texas
Houston-based exploration and production outfit Magnolia Oil & Gas Corp. saw efficiency gains in the third quarter while also moderately boosting production from its Eagle Ford Shale and Austin Chalk assets in South Texas. Third quarter production grew 1% sequentially to 82,700 boe/d. The company operates two drilling rigs and one completion crew. One rig…
SilverBow Pivoting to Boost Texas Natural Gas Production on ‘Bullish’ Forecast for Prices
SilverBow Resources Inc. is eyeing plans to ramp up natural gas production in South Texas amid expectations for stronger commodity prices and as more Gulf Coast export projects near completion. SilverBow, which operates in the Eagle Ford Shale and Austin Chalk formations, earlier this year made oil development its focus. With gas prices hovering around…
SilverBow Buys Chesapeake’s South Texas Assets, Adding Targets in Eagle Ford and Austin Chalk
SilverBow Resources Inc. agreed Monday to acquire Chesapeake Energy Corp.’s natural gas and oil assets in South Texas, a deal that would create the largest publicly held Eagle Ford Shale pure-play. Chesapeake would receive $700 million for the assets, including $650 million at closing and a $50 million deferred payment one year after the transaction…
SilverBow Targets 30% Production Growth, Cites Strong Eagle Ford Natural Gas Prices
SilverBow Resources Inc. expects to substantially grow its natural gas and liquids production this year and next and continues to enjoy “favorable basis pricing” in the Eagle Ford Shale, management said. SilverBow, which operates exclusively in the Eagle Ford and Austin Chalk formations, is targeting year/year production growth of 30% in both 2022 and 2023,…
EOG CEO Calls Firm ‘Better Than Ever,’ Boosted by Permian, Dorado Output
EOG Resources Inc.’s recent performance and long-term prospects for natural gas growth are inspiring more exposure to high commodity prices and an ongoing emphasis on low costs and high returns, management said. CEO Ezra Yacob told investors during a second quarter conference call the firm’s performance during the first half of the year “proves that…
Cheniere Eyes 2022 to Sanction Corpus Christi LNG Stage 3
Cheniere Energy Inc. said Tuesday it expects to take a final investment decision (FID) next year for the Stage 3 expansion at its Corpus Christi liquefied natural gas (LNG) export terminal in South Texas. Executives said the Houston operator is focused on lining up commercial contracts for the expansion, which could add more than 10…
Crude Exports Begin from Second Deepwater Dock at South Texas Gateway Terminal
Crude oil exports have begun from the second deepwater dock at the South Texas Gateway (STG) terminal, according to Buckeye Partners LP, the terminal’s 50% owner. With the second dock now complete, STG can accommodate the simultaneous berthing and loading of two very large crude carrier (VLCC) vessels, Buckeye said last Wednesday. STG is in…