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

Silver Hill’s $1.2B Fund Targeting Haynesville, Eagle Ford and Austin Chalk Natural Gas Development

Silver Hill’s $1.2B Fund Targeting Haynesville, Eagle Ford and Austin Chalk Natural Gas Development

A $1.2 billion private equity fund raised by Silver Hill Energy Partners LP is eyeing plans to advance Lower 48 oil, natural gas and infrastructure, beginning with the Haynesville and Eagle Ford shales, as well as the Austin Chalk.  The fund has created Silver Hill Energy Partners III, which has made five upstream acquisitions across…

September 27, 2022
Magnolia Founder, Longtime Oxy Chief Chazen Remembered for ‘Profound’ Impact on Oil, Gas Industry

Magnolia Founder, Longtime Oxy Chief Chazen Remembered for ‘Profound’ Impact on Oil, Gas Industry

Stephen Chazen, the former chief executive of Magnolia Oil & Gas Corp., has passed away, the independent exploration and production company (E&P) said Friday. Chazen, who led the company since its inception four years ago, stepped down from his position only two days prior to his death, citing serious health reasons. “We are greatly saddened…

September 23, 2022
Permian Leads as Oil Gains Push Baker’s U.S. Drilling Tally Higher

Permian Leads as Oil Gains Push Baker’s U.S. Drilling Tally Higher

Driven by oil-directed drilling growth, including in the Permian Basin, the U.S. rig count rose four units to 763 during the week ended Friday (Sept. 16), according to the latest data from oilfield services provider Baker Hughes Co. (BKR). An eight-rig increase in oil-directed drilling in the United States for the week was partially offset…

September 16, 2022
SilverBow Bolts On Natural Gas-Rich Assets in South Texas

SilverBow Bolts On Natural Gas-Rich Assets in South Texas

SilverBow Resources Inc. has acquired 7,500 net acres in South Texas producing 30 MMcf/d through a series of transactions, leasing and drill-to-earn agreements, the Houston-based independent said. The acreage block in the Dorado play in Webb County is near the Mexico border, and it nearly doubled SilverBow’s position there. The various transactions were estimated to…

September 15, 2022
EIG Agrees to Pay $4.8B for Stake in Repsol’s New Natural Gas-Weighted E&P

EIG Agrees to Pay $4.8B for Stake in Repsol’s New Natural Gas-Weighted E&P

Private equity giant EIG is gaining a bigger foothold in the world’s natural gas and oil projects after clinching an estimated $4.8 billion agreement to acquire a 25% stake in Repsol SA’s new upstream company. Repsol Upstream, 70% weighted to natural gas, has been formed as the supermajor’s exploration and production (E&P) company. It would…

September 7, 2022
Magnolia Sets Records with Austin Chalk, Eagle Ford Strategy

Magnolia Sets Records with Austin Chalk, Eagle Ford Strategy

Management at Magnolia Oil and Gas Corp. said sticking to the South Texas-focused independent’s game plan resulted in an exceptional second quarter. CEO Steve Chazen said Magnolia, in its fourth year as a publicly held exploration and production (E&P) company, operates on a tried-and-true business model. “We have consistently executed our strategy, which prioritizes disciplined…

August 16, 2022
EOG CEO Calls Firm ‘Better Than Ever,’ Boosted by Permian, Dorado Output

EOG CEO Calls Firm ‘Better Than Ever,’ Boosted by Permian, Dorado Output

EOG Resources Inc.’s recent performance and long-term prospects for natural gas growth are inspiring more exposure to high commodity prices and an ongoing emphasis on low costs and high returns, management said.  CEO Ezra Yacob told investors during a second quarter conference call the firm’s performance during the first half of the year “proves that…

August 10, 2022
Devon Bolting On Eagle Ford Oil, Gas Opportunities with $1.8B Validus Takeover

Devon Bolting On Eagle Ford Oil, Gas Opportunities with $1.8B Validus Takeover

Lower 48 giant Devon Energy Corp. is becoming even larger after agreeing to buy Eagle Ford Shale pure-play Validus Energy for $1.8 billion. The transaction, set for completion by the end of September, would add 42,000 net acres that are adjacent to Devon’s existing leasehold in South Texas. Validus today is producing 35,000 boe/d, 70%…

August 10, 2022
Chesapeake Energy Exiting Eagle Ford Shale in Pivot Toward Natural Gas Assets

Chesapeake Energy Exiting Eagle Ford Shale in Pivot Toward Natural Gas Assets

Chesapeake Energy Corp. will exit the Eagle Ford Shale in a shift away from oil in favor of its natural gas assets in Louisiana and Pennsylvania as it looks to simplify its operations, management said Wednesday.  The company plans to drop from five to six rigs in the Eagle Ford by the end of August…

August 3, 2022
Texas Tally Rises, Lifting U.S. Drilling Total Higher in Latest Baker Count

Texas Tally Rises, Lifting U.S. Drilling Total Higher in Latest Baker Count

With activity climbing in Texas, the U.S. rig count surged nine units higher to 767 for the week ended Friday (July 29), according to the latest tally from oilfield services provider Baker Hughes Co. (BKR). Oil-directed drilling increased by six rigs domestically, with two natural gas-directed rigs and one miscellaneous unit also added for the…

July 29, 2022
‹ Previous 1 2 3 96