Eagle Ford Shale

‘T’ for Texas – and TotalEnergies – as Holdings Grow in Eagle Ford and Offshore

‘T’ for Texas – and TotalEnergies – as Holdings Grow in Eagle Ford and Offshore

TotalEnergies SE CEO Patrick Pouyanné wasn’t born in Texas but as many who have migrated to the state say, he got there as fast as he could. In transactions over the past month, the French-based major has acquired additional Texas stakes in the Eagle Ford Shale, a carbon capture project in the Gulf of Mexico…

April 8, 2024
U.S. Natural Gas Drilling Rig Count Flat Week/Week, but Oil Count Down, BKR Data Show

U.S. Natural Gas Drilling Rig Count Flat Week/Week, but Oil Count Down, BKR Data Show

The domestic natural gas rig count held steady at 112 for the week ended Thursday (March 28), while a decline in oil activity lowered the combined domestic drilling tally by three to 621, the latest Baker Hughes Co. (BKR) data show. The combined oil and gas U.S. rig count for the week, which was 621,…

March 28, 2024
SilverBow Reviewing Kimmeridge Proposal to Form Biggest Eagle Ford Pure-Play

SilverBow Reviewing Kimmeridge Proposal to Form Biggest Eagle Ford Pure-Play

SilverBow Resources Inc.’s board plans to “carefully review and consider” a proposal from activist investor Kimmeridge Energy Management LLC to merge its natural gas production subsidiary in a tie-up that could become the largest South Texas exploration and production company. In a letter to shareholders, Kimmeridge proposed to merge Kimmeridge Texas Gas LLC (KTG) into…

March 13, 2024
Golden Pass, Delfin Take Final Capacity for Kinder Morgan’s Texas-Louisiana Expansion Project

Golden Pass, Delfin Take Final Capacity for Kinder Morgan’s Texas-Louisiana Expansion Project

Kinder Morgan Inc.’s (KMI) Texas-Louisiana Expansion project, aimed at bringing additional natural gas supply to the Gulf Coast, is now fully subscribed after two LNG exporters signed on as customers. Natural Gas Pipeline Company of America LLC (NGPL), a KMI subsidiary, told FERC in a recent filing it has inked agreements to supply the Golden…

March 11, 2024
SilverBow Cutting Natural Gas Output in Eagle Ford to Preserve ‘Valuable Inventory’

SilverBow Cutting Natural Gas Output in Eagle Ford to Preserve ‘Valuable Inventory’

SilverBow Resources Inc. management said the Eagle Ford Shale operator is pulling back natural gas activity and investments by almost 15% in response to weak prices, but plans to ramp up activity around 2025 for Gulf Coast demand.  “No doubt that 2023 and now 2024 have seen a challenging natural gas market,” said CEO Sean…

March 4, 2024
Matador Skirting Permian Natural Gas Constraints and Raising Output

Matador Skirting Permian Natural Gas Constraints and Raising Output

Dallas-based independent Matador Resources Co., which works in the Permian Basin, Haynesville and Eagle Ford shales, reported record natural gas production for 2023, and it is not planning to reduce output this year, even with low prices. The independent “exceeded production expectations” for gas and oil. Output increased 38% year/year during 4Q2023, driven by the…

February 22, 2024
Permian to Partly Offset Natural Gas Production Declines from Gassy Plays in Early 2024, EIA Says

Permian to Partly Offset Natural Gas Production Declines from Gassy Plays in Early 2024, EIA Says

Shrinking volumes from gassy plays will overshadow higher associated output from the Permian Basin to drive a modest decline in natural gas production from key Lower 48 regions in early 2024, according to the latest modeling from the U.S. Energy Information Administration (EIA). In its updated Drilling Productivity Report (DPR), EIA projected 98.889 Bcf/d of…

January 17, 2024
Texas Natural Gas, Oil Drilling Activity Show Mixed Results in December, Down Overall from 2022

Texas Natural Gas, Oil Drilling Activity Show Mixed Results in December, Down Overall from 2022

Texas regulators issued about 1,500 fewer oil and natural gas drilling permits in 2023 than in 2022, with December permitting continuing the downward trend across most of the state.  The Railroad Commission of Texas (RRC) issued a total of 669 drilling permits last month, up by about 30 from November’s count, but down by 200…

January 11, 2024
LNG, Mexico Exports Driving South Texas Natural Gas Demand Growth

LNG, Mexico Exports Driving South Texas Natural Gas Demand Growth

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…

January 9, 2024
KMI Cements Eagle Ford Natural Gas Midstream Deal with NextEra

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…

January 2, 2024
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