Natural gas production from seven key U.S. regions is set to fall by 316 MMcf/d from March to April, extending a downward trajectory in projected output from the domestic plays that goes back to early last year, according to new data published Monday by the U.S. Energy Information Administration (EIA). Combined output from the Anadarko,…
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Declines in U.S. Production from Seven Key Plays Expected from March to April, EIA Says
Natural gas production from seven key U.S. regions is set to fall by 316 MMcf/d from March to April, extending a downward trajectory in projected output from the domestic plays that goes back to early last year, according to new data published Monday by the U.S. Energy Information Administration (EIA). Combined output from the Anadarko,…
Bakken Production Getting ‘More Gassy,’ as Expected
Oil prices have streaked upward in North Dakota’s Bakken Shale as production has hit a winter lull, according to the state’s Department of Mineral Resources (DMR). DMR Director Lynn Helms in the monthly production report for January, which was issued on Thursday, said oil production was down about 4% month/month (m/m) to 35.5 million bbl…
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…
After Tough Start for Year, Crestwood’s Bakken System Sets Records in Fourth Quarter
After a partial shut in during early 2020 amid reduced producer activity, Crestwood Equity Partners LP’s Arrow system in the Bakken Shale achieved record volumes in natural gas, crude and water in the final quarter of the year, with “a lot more activity” expected in 2021, according to management. “The Bakken play remains extremely economic…
Continental Forecasting Sixth Straight Year of Positive FCF as Oil Prices Strengthen
Continental Resources Inc. expects to generate positive free cash flow (FCF) for a sixth straight year in 2021 amid an improving outlook for oil prices, according to management. During a Feb. 17 conference call to discuss the firm’s 2020 earnings, Executive Chairman Harold Hamm cited “unprecedented challenges” faced in 2020 due to the Covid-19 pandemic,…
North Dakota Hopes to Reduce Impact of Federal Lands Leasing Ban; Native American Exemption
An exemption for Native American lands in the Biden Administration’s executive order (EO) pausing new leasing on federal lands is “highly significant” for North Dakota’s Bakken Shale play, according to the state’s top oil and natural gas regulator. Biden’s order directed to the Interior Department’s (DOI) Bureau of Land Management “does not restrict energy activities…
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…
Natural Gas Production from Seven Key U.S. Shale Plays to Fall from February to March, EIA Says
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…
Bakken Production Holding, But Winter Declines Expected Before Uptick
End of 2020 statistics showed North Dakota’s Bakken Shale production holding relatively steady and other indicators, including oil prices, turning upward. But the state’s chief oil and natural gas official said production likely will drop for January and February. “The drilling rig count [15 as of last Friday] is substantially short of what we need…