Welcome

Sign in to get the best natural gas news and data. Follow the topics you want and receive the daily emails.

Eagle Ford Shale

Permian Leads Oil, Gas Well Completions to Pre-Pandemic Levels

Permian Leads Oil, Gas Well Completions to Pre-Pandemic Levels

Well completions in North America have nearly recovered to pre-pandemic levels, with hydraulic fracturing jobs reaching a 12-month high in March, according to Rystad Energy. Nowhere are completions climbing faster than in the Permian Basin, analysts said. The data is borne out by the rising rig count in West Texas and southeastern New Mexico. The…

April 12, 2021
U.S. Adds 13 Rigs Amid Spring Surge in Oil Patch

U.S. Adds 13 Rigs Amid Spring Surge in Oil Patch

With activity ramping up on land and offshore, the U.S. rig count surged 13 units higher to 430 during the holiday-shortened week ended Thursday (April 1), according to data published by Baker Hughes Co. (BKR). As has often been the case recently, the increase in domestic drilling for the week was driven by the oil…

April 1, 2021
Natural Gas Rigs Down One in U.S. as Oil Count Surges by Double Digits

Natural Gas Rigs Down One in U.S. as Oil Count Surges by Double Digits

The U.S. natural gas rig count eased one unit lower to 91 for the holiday-shortened week ended Thursday (April 1), while a spring surge in the oil patch sent the overall domestic tally higher by double digits, according to data published by Baker Hughes Co. (BKR). Thirteen oil-directed rigs were added in the United States,…

April 1, 2021
U.S. Adds Six Rigs on Strength of Oil Activity; Natural Gas Count Steady

U.S. Adds Six Rigs on Strength of Oil Activity; Natural Gas Count Steady

Another round of healthy gains in the oil patch pushed the U.S. rig count six units higher to 417 for the week ended Friday (March 26), according to data from oilfield services provider Baker Hughes Co. (BKR). After adding nine rigs in the previous week, the domestic oil patch picked up an additional six rigs…

March 26, 2021
Ovintiv Exits Eagle Ford in $880M Deal With Validus

Ovintiv Exits Eagle Ford in $880M Deal With Validus

Under pressure to reduce debt and simplify operations, Denver-based Ovintiv Inc. is set to exit the Eagle Ford Shale in a deal with  privately held Validus Energy for $880 million. Predecessor Encana Corp. paid $3.1 billion for the assets in 2014 in a deal with Freeport McMoRan Copper & Gold Inc. Proceeds are to be…

March 25, 2021
Oil, Gas Activity Improving Dramatically in Permian and Beyond, Says Dallas Fed

Oil, Gas Activity Improving Dramatically in Permian and Beyond, Says Dallas Fed

Oil and natural gas activity sharply expanded during the first three months of the year in Texas, New Mexico and Louisiana, according to a survey by the Federal Reserve Bank of Dallas. Every quarter the Dallas Fed, as it is better known, surveys executives of exploration and production (E&P) firms and oilfield services (OFS) companies…

March 25, 2021
U.S. Drilling Count Surges to 411 as Oil Patch Adds Nine Rigs

U.S. Drilling Count Surges to 411 as Oil Patch Adds Nine Rigs

Buoyed by growth in the oil patch, the U.S. rig count surged nine units higher to 411 for the week ending Friday (March 19), according to the latest figures from oilfield services provider Baker Hughes Co. (BKR). The total number of domestic oil-directed rigs rose nine units to 318, while natural gas-directed rigs remained unchanged…

March 19, 2021
Penn Virginia Aims to Stick with Two Eagle Ford Rigs This Year

Penn Virginia Aims to Stick with Two Eagle Ford Rigs This Year

Eagle Ford Shale pure-play Penn Virginia Corp. plans to maintain its current two-rig program through 2021 to grow production after it temporarily suspended drilling last year because of the Covid-19 pandemic. During a conference call Wednesday to discuss 4Q2020 results, CEO Darrin Henke said continuing with two rigs “makes sense” in light of the recent…

March 9, 2021
Permian Smacks Down ‘Snowvid’ as More Completion Crews Go to Work

Permian Smacks Down ‘Snowvid’ as More Completion Crews Go to Work

The active number of U.S. fracture spreads jumped nearly 15% month/month in February, driven by strength in the Permian Basin, even as “Snowvid” shut in wells and sent crews packing, according to Tudor, Pickering, Holt & Co. (TPH). Data compiled by TPH indicated that oilfield services (OFS) operators increased the number of crews working in…

March 4, 2021
EIA Models Falling Natural Gas Output from Seven Key U.S. Regions in March

EIA Models Falling Natural Gas Output from Seven Key U.S. Regions in March

Natural gas production from seven key U.S. shale plays is set to fall by a combined 560 MMcf/d from February to March as output from most major producing regions is expected to slow over the next month, according to the U.S. Energy Information Administration (EIA). Combined natural gas output from the Anadarko, Appalachian and Permian…

February 18, 2021
‹ Previous 1 2 3 89