Wells

EQT Corp. now expects the Mountain Valley Pipeline (MVP) to come online in 2023, which could help narrow its natural gas price differentials and ease Appalachian takeaway constraints, but management acknowledged last week that the “specter of timing” continues to loom over the project. EQT has capacity booked on the system and a stake in…

U.S. onshore plays are set to increase both natural gas and oil output from January to February, with the gains set to follow a further drawdown in drilled but uncompleted (DUC) wells to close out 2021, according to updated modeling from the Energy Information Administration (EIA). Natural gas production from seven key U.S. producing regions…

Oil and natural gas production in North Dakota, home to the Bakken Shale, slipped in October versus September. Department of Mineral Resources (DMR) director Lynn Helms issued the monthly Director’s Cut on Friday, which provides information about all of the wells capable of producing, as well as permit activity. Natural gas production in October averaged…

New Mexico’s economy could get a significant boost if oil and gas producers were to promptly remediate the unplugged oil and gas wells on state trust and private lands, according to economic research firm O’Donnell Economics. A cleanup effort would pump $8.2 billion into the New Mexico economy and support 65,337 job years, or the…

Public data from three big producing states has found that some wells drilled before 2018, particularly directional wells used often in unconventional plays, may have integrity issues that could cause internal leaks.  Led by researchers at the U.S. Department of Energy’s National Energy Technology Laboratory (NETL), the new report compiled more than 470,000 regulatory records…

President Biden on Wednesday asked Congress for a massive infusion of funding to overhaul the nation’s power grids and expand renewable energy as part of a landmark program designed to fight climate change and expand American jobs. The estimated $2 trillion American Jobs Plan, if enacted by a split Congress, would be the most ambitious…

New oil and natural gas drilling hit historic lows in California last year while a renewed emphasis on abandoned wells turned up a record high number of permanently sealed wells, the state Geologic Energy Management Division (CalGEM) reported Wednesday. The severe downturn in permitting and new drilling can be seen as a result of the…

North Dakota natural gas and oil production declined slightly month/month in November, but more well completions are expected this year on “significantly better” oil prices. Department of Mineral Resources director Lynn Helms noted that recent Bakken Shale sweet crude was trading at around $43.50/bbl, which should spur more well completions, but not high enough to…

California oil and natural gas permits for well abandonments to date this year are twice the number of new drilling permits being sought, according to regulators. The California Geologic Energy Management Division (CalGEM) said it has received the lowest number of well stimulation permit applications since late 2016 when state Senate Bill 4 took effect.…