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U.S. Natural Gas Drilling Rises in Latest Baker Count as Oil Activity Surges

U.S. Natural Gas Drilling Rises in Latest Baker Count as Oil Activity Surges

The U.S. natural gas rig count climbed two units to 109 for the week ended Friday (Jan. 14), while big gains in Texas sent the overall domestic drilling tally higher by double digits, according to updated figures published by Baker Hughes Co. (BKR). Including a net gain of 11 oil-directed rigs, the combined domestic rig…

January 14, 2022
U.S. Upstream Dealmaking Fueled by Permian, Haynesville

U.S. Upstream Dealmaking Fueled by Permian, Haynesville

The Permian Basin and natural gas-rich Haynesville Shale accounted for nearly all of the upstream transactions in the final three months of 2021, but dealmaking overall was down sharply from the third quarter, Enverus reported. The value of Lower 48 merger and acquisition (M&A) activity between exploration and production (E&P) companies totaled $9 billion in…

January 14, 2022
U.S. Drilling Total Increases by Double Digits as Activity Climbs in Eagle Ford, Haynesville

U.S. Drilling Total Increases by Double Digits as Activity Climbs in Eagle Ford, Haynesville

On the strength of sharp gains in the Eagle Ford and Haynesville shales, the U.S. rig count surged 13 units higher to 601 for the week ended Friday (Jan. 14), according to the latest numbers from Baker Hughes Co. (BKR). Net gains in the United States included 11 oil-directed rigs and two natural gas-directed rigs,…

January 14, 2022
Permian, Eagle Ford Counties and School Districts Top Texas Property Tax Receipt Rankings

Permian, Eagle Ford Counties and School Districts Top Texas Property Tax Receipt Rankings

Texas’ oil and natural gas industry paid $15.8 billion in state and local taxes and state royalties in Fiscal Year (FY) 2021, with school districts and counties in the Permian Basin and Eagle Ford Shale the top beneficiaries, according to the Texas Oil and Gas Association (TXOGA). “Despite an incredibly difficult two years, the Texas…

January 14, 2022
IEA Urges ‘Deep Decarbonization’ of Canada’s Natural Gas, Oil Industry

IEA Urges ‘Deep Decarbonization’ of Canada’s Natural Gas, Oil Industry

The International Energy Agency (IEA) is urging the Canadian government to require “deep decarbonization” in the country’s oil and natural gas industry.  “Global markets will progressively demand cleaner fuels and will discriminate in favor of more carbon-competitive products,” said the global energy watchdog in a 261-page report issued on Thursday. “Canada is the fourth largest…

January 13, 2022
Nine Energy Looking to Regain Compliance with NYSE Capitalization Standards

Nine Energy Looking to Regain Compliance with NYSE Capitalization Standards

Houston-based completions expert Nine Energy Service Inc. said Monday it was given about six weeks to submit a business plan to the New York Stock Exchange (NYSE) about how it intends to regain compliance to continue to be listed. The NYSE notified management that the company was not in compliance with the listing standards. NYSE…

January 13, 2022
ExxonMobil Ready to Cast Off Natural Gas-Rich Assets in Montney, Duvernay

ExxonMobil Ready to Cast Off Natural Gas-Rich Assets in Montney, Duvernay

 A 1,020-square-mile spread of Canadian drilling rights in the Montney and Duvernay formations of Western Canada went on the market by ExxonMobil affiliates Wednesday in the latest property sales launched by integrated major. Seventy-percent owned Imperial Oil Ltd. and ExxonMobil Canada Ltd. are taking offers for their stakes in the parent company’s unconventional unit XTO…

January 13, 2022
API Working to Ensure Federal Natural Gas, Oil Leasing Continues, Emissions Drop

API Working to Ensure Federal Natural Gas, Oil Leasing Continues, Emissions Drop

To ensure the United States holds its mantle as a top natural gas and oil producer, the American Petroleum Institute (API) plans to push for continued access to federal leasing and advocate that producers advance their work to reduce carbon emissions.

January 13, 2022
U.S. OFS Employment Swings Back to Growth Mode

U.S. OFS Employment Swings Back to Growth Mode

The U.S. oilfield services (OFS) and equipment sector added an estimated 7,450 jobs in December, according to the Houston-based Energy Workforce & Technology Council. “As oil demand has pushed higher, it’s heartening to see continued job growth in the sector,” said Council CEO, Leslie Buyer. “The sector has recovered more than half of the jobs…

January 13, 2022
With 1 Bcf/d Now Certified, Seneca Ready to Differentiate All Appalachian Natural Gas Output

With 1 Bcf/d Now Certified, Seneca Ready to Differentiate All Appalachian Natural Gas Output

Seneca Resources Co. LLC on Tuesday said 100% of its Appalachian natural gas production, which is 1 Bcf/d gross, has been deemed certified under performance targets set by Equitable Origin (EO). The exploration and production (E&P) arm of National Fuel Gas Co. (NFG) said the achievement was completed under the EO100 Standard for Responsible Energy…

January 12, 2022
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