Haynesville Shale

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
Natural Gas Rigs Flat in U.S. at 121, Oil Count Falls to 497, BKR Data Show

Natural Gas Rigs Flat in U.S. at 121, Oil Count Falls to 497, BKR Data Show

The U.S. natural gas rig count held steady at 121 for the week ended Friday (Feb. 16), while a decline in oil activity lowered the combined domestic drilling tally two units to 621, according to updated figures from Baker Hughes Co. (BKR). Land drilling went unchanged week/week in the United States, while the Gulf of…

February 16, 2024
Comstock Shedding Rigs, Suspending Dividend Amid Natural Gas Price Slump

Comstock Shedding Rigs, Suspending Dividend Amid Natural Gas Price Slump

Haynesville Shale pure-play Comstock Resources Inc. is pumping the brakes on natural gas drilling and shareholder distributions because of low commodity prices. “In response to weak natural gas prices, Comstock plans to suspend its quarterly dividend until natural gas prices improve,” management said. “In addition, the company plans to reduce the number of operating drilling…

February 14, 2024
Natural Gas Drilling Rises in U.S. as Haynesville, Marcellus Add Rigs, BKR Data Show

Natural Gas Drilling Rises in U.S. as Haynesville, Marcellus Add Rigs, BKR Data Show

Led by gains in both the Haynesville and Marcellus shales, the U.S. natural gas rig count advanced to 121 for the week ended Friday (Feb. 9), up four rigs for the period, according to the latest tally from Baker Hughes Co. (BKR). Total U.S. oil-directed rigs were unchanged week/week at 499, and the combined domestic…

February 9, 2024
Tellurian Eyeing Divestment of Haynesville Natural Gas Business to Keep Driftwood LNG Afloat

Tellurian Eyeing Divestment of Haynesville Natural Gas Business to Keep Driftwood LNG Afloat

Tellurian Inc. said Tuesday it is exploring opportunities to sell its upstream natural gas business in the Haynesville Shale.  The idea is to reduce debt and shore up cash to advance the troubled Driftwood LNG export project on the Louisiana coast, said management of Houston-based Tellurian. As it seeks to commercialize the liquefied natural gas…

February 6, 2024
Drilling Permits on the Uptick in Lower 48 Natural Gas Plays 

Drilling Permits on the Uptick in Lower 48 Natural Gas Plays 

Drilling permits in the natural gas-rich Marcellus, Utica and Haynesville shale plays showed strong month/month growth in December 2023 but remained 16% below the December 2022 total, according to the latest tally by Evercore ISI. The three formations, which together supply about 53% of Lower 48 gas output, had a combined issued permit count of…

January 30, 2024
Venture Global Adding Carbon Capture, Competitive Natural Gas Pipeline Changes to Delta LNG Project

Venture Global Adding Carbon Capture, Competitive Natural Gas Pipeline Changes to Delta LNG Project

Venture Global LNG Inc. is working on design adjustments to its proposed Delta LNG export terminal in Louisiana, including potentially boosting capacity and adjusting its pipeline to better compete for feed gas supply, according to federal filings. In a pre-filing status update to FERC, the company said it was preparing a series of updates it…

January 22, 2024
Chesapeake, Southwestern Tie-Up to Create No. 1 U.S. Natural Gas Producer, with LNG Trading to Expand

Chesapeake, Southwestern Tie-Up to Create No. 1 U.S. Natural Gas Producer, with LNG Trading to Expand

Chesapeake Energy Corp. and Southwestern Energy Co., longtime rivals for control in the Lower 48 natural gas patch, agreed to merge Thursday in a combination valued at $7.4 billion, bringing together their estimable resources in Appalachia and the Haynesville Shale. Total natural gas production, which comprises 92% of the combined output, was 7.9 Bcfe/d net…

January 11, 2024
Aethon Said Pausing Haynesville Development on Low Natural Gas Prices

Aethon Said Pausing Haynesville Development on Low Natural Gas Prices

Aethon Energy has curtailed natural gas development in the East Texas portion of the Haynesville Shale because of low prices, according to joint exploration partner Black Stone Minerals LP.  Houston-based Black Stone said it received notice that the private exploration and production company was exercising a “time-out” provision under its joint agreements as natural gas…

January 4, 2024
Chatter Grows about E&P Pullback as Mild Early Winter Weather, Robust Natural Gas Storage Pressure Prices

Chatter Grows about E&P Pullback as Mild Early Winter Weather, Robust Natural Gas Storage Pressure Prices

A growing number of analysts have penciled in lower natural gas prices and more gas and oil production cuts for 2024 to remedy supply-demand imbalance, which worsened late in 2023 amid a mild start to winter and record production levels. The heating season only saw intermittent cold spells in November before December clocked in as…

January 4, 2024
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