Upstream oil and natural gas employment in Texas grew in September by 900 jobs from August, according to the Texas Workforce Commission. Since an employment slump in September last year, the industry has added 45,900 upstream jobs in the state, averaging growth of 1,913 jobs/month. At 202,900 upstream jobs, September jobs were up by 34,900,…
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Clearfork Boosting G&P on Holly Haynesville System on Strong Customer Demand
Growing demand from natural gas producers in the Haynesville Shale is driving a suite of gathering and processing (G&P) expansions on Clearfork Midstream LLC’s Holly System in North Louisiana. The expansions include constructing a 24-inch diameter pipeline to the east side of the Red River in northeast Red River Parish, as well as a 16-inch…
Permian, Haynesville Expected to Lead Natural Gas Production Increases Into November
Driven by the Haynesville Shale and the Permian Basin, natural gas production from seven key Lower 48 plays is set to surge 554 MMcf/d from October to November to more than 95 Bcf/d, according to updated modeling from the Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), published Monday, EIA said it…
Haynesville Continues to Pace Natural Gas Production Growth in Latest EIA Modeling
Driven by the Haynesville Shale and the Permian Basin, natural gas production from seven key Lower 48 plays is set to surge 554 MMcf/d from October to November to more than 95 Bcf/d, according to updated modeling from the Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), published Monday, EIA said it…
Has U.S. DUC Count Bottomed? Growth Said Possible in 2023
After tumbling by more than half since 2020, the number of drilled but uncompleted wells (aka DUCs) may have hit a bottom late this summer, but some growth could materialize into 2023, according to the latest tally by the U.S. Energy Information Administration (EIA). The EIA’s September Drilling Productivity Report showed that after reaching more…
Schlumberger Expanding Louisiana Footprint with Gulf of Mexico Hub
Backed by Louisiana state government incentives, oilfield services (OFS) giant Schlumberger Ltd. has decided to centralize its offshore oil and gas support services in the heart of the state’s Acadiana region. The company is spending $11.5 million to expand its operations in Lafayette, LA, forming a North Gulf Coast (NGC) Hub. Schlumberger’s Lyndal Cissell, North…
Limits in Short-term Gulf Coast LNG Export Capacity Could Fuel Price Slump as Production Builds
Limited additions to pipeline infrastructure and a slower expansion of LNG terminals on the Gulf Coast are expected to stymie U.S. natural gas demand in early 2023 before helping fuel the region’s export growth over the long term. The Gulf Coast has become the epicenter for U.S. liquefied natural gas since the Lower 48’s first…
Slowdown in GOM Sends U.S. Drilling Tally Lower in Latest BKR Count
Driven by a slowdown in the Gulf of Mexico (GOM), the U.S. rig count fell three units to 762 for the week ended Friday (Oct. 7), according to updated numbers from oilfield services provider Baker Hughes Co. (BKR). Declines in the United States included two oil-directed rigs and one natural gas-directed rig. One rig was…
September Natural Gas, Oil Production Taxes Add $1B to Texas Treasury
Natural gas and oil production taxes generated more than $1 billion for the Lone Star State in September, the Texas Comptroller of Public Accounts reported. The Texas Comptroller’s office said the natural gas production tax garnered $480 million last month, representing a 91% year/year increase. The state collected $552 million from its oil production tax…
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…