Upstream

LNG Driving Gulf Coast Infrastructure Investment, Natural Gas Production

LNG Driving Gulf Coast Infrastructure Investment, Natural Gas Production

Natural gas production out of the U.S. Gulf Coast should rise over the next decade as it continues to look toward the export market, according to researchers at Louisiana State University’s (LSU) Center for Energy Studies. In the center’s latest Gulf Coast Energy Outlook (GCEO) authors David E. Dismukes and Greg Upton said that in…

December 30, 2022
U.S. Natural Gas Drilling Inches Higher Ahead of Holiday; Canada Posts Steep Drop

U.S. Natural Gas Drilling Inches Higher Ahead of Holiday; Canada Posts Steep Drop

The U.S. natural gas rig count climbed one unit to reach 155 for the period ended Dec. 22, while Canada’s drilling total saw a steep drop that mirrored year-earlier declines, the latest numbers from Baker Hughes Co. (BKR) show. Along with the one natural gas-directed unit, two oil-directed rigs were also added in the United…

December 23, 2022
U.S. Drilling Total Edges Higher, Canadian Count Plummets Ahead of Holiday

U.S. Drilling Total Edges Higher, Canadian Count Plummets Ahead of Holiday

The U.S. rig count climbed three units to 779 for the period ended Dec. 22, bolstered by gains in the Permian Basin, according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). Two oil-directed rigs and one natural gas-directed rig were added in the United States for the period. Land drilling accounted…

December 23, 2022
Despite Haynesville Gains, Drilling Slows in U.S. Updated BKR Count

Despite Haynesville Gains, Drilling Slows in U.S. Updated BKR Count

Bolstered by an uptick in drilling in the Haynesville Shale, the U.S. natural gas rig count climbed one unit to reach 154 for the week ended Friday (Dec. 16), while a slowdown in the oil patch saw the combined domestic tally retreat four units to 776, according to updated Baker Hughes Co. (BKR) data. Net…

December 16, 2022
Oil Drilling Slows, Haynesville Activity Picks Up in Latest BKR Tally

Oil Drilling Slows, Haynesville Activity Picks Up in Latest BKR Tally

A slowdown in oil-directed drilling overshadowed an uptick in Haynesville Shale activity to send the combined U.S. rig count four units lower to 776 for the week ended Friday (Dec. 16), according to updated figures from Baker Hughes Co. (BKR). Net changes in the United States for the week included a five-rig decline in oil…

December 16, 2022
PDC to Expand DJ Oil, Gas Development Following Approval by Colorado Regulators

PDC to Expand DJ Oil, Gas Development Following Approval by Colorado Regulators

Denver-based independent PDC Energy Inc. said state regulators have unanimously approved a drilling plan in Weld County to include about 450 oil and natural gas wells. PDC’s Guanella Comprehensive Area Plan (CAP) in the Denver-Julesburg (DJ) Basin was given the green light earlier this month by the Colorado Oil and Gas Conservation Commission (COGCC). The…

December 16, 2022
U.S. Natural Gas Drilling Total Down Two as Upstream Activity Slows

U.S. Natural Gas Drilling Total Down Two as Upstream Activity Slows

The U.S. natural gas rig count fell two units to 153 for the week ended Friday (Dec. 9), and a two-rig drop in oil activity lowered the overall domestic tally four units to 780, according to updated numbers from Baker Hughes Co. (BKR). Land drilling declined by three rigs in the United States for the…

December 9, 2022
Oil, Natural Gas Activity Slows in U.S., Latest BKR Tally Shows

Oil, Natural Gas Activity Slows in U.S., Latest BKR Tally Shows

A slowdown in both oil- and natural gas-directed drilling activity in the United States saw the domestic rig count drop four units to 780 for the week ended Friday (Dec. 9), according to the latest data from oilfield services provider Baker Hughes Co. (BKR). Total oil-directed rigs were down two domestically week/week, with natural gas-directed…

December 9, 2022
Chevron Charts ‘23 Spending at $17B, with Permian, Gulf of Mexico Snagging Most Capex

Chevron Charts ‘23 Spending at $17B, with Permian, Gulf of Mexico Snagging Most Capex

Chevron Corp. has earmarked $14 billion for organic capital investments and $3 billion for its affiliates in 2023, with most of the fundings budgeted for the Gulf of Mexico and the Permian Basin. Nearly $2 billion of the capital expenditures (capex) also would be set aside for lower carbon projects, the San Ramon, CA-based major…

December 9, 2022
Williams, Coterra and Dominion Joining Forces to Procure Certified Natural Gas

Williams, Coterra and Dominion Joining Forces to Procure Certified Natural Gas

Midstream giant Williams has reached agreements with Coterra Energy Inc. and Dominion Energy Inc. to deliver certified low-carbon natural gas from the wellhead to Dominion’s Virginia business through 2023. The arrangement to deliver next generation or “next gen” natural gas “highlights the low-carbon benefits of Coterra’s production in Northeast Pennsylvania and Williams’ gathering and transmission…

December 9, 2022