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Haynesville Shale

Comstock Bullish on Bossier’s Potential, but Takes Hit on Hedging

Comstock Bullish on Bossier’s Potential, but Takes Hit on Hedging

Management at U.S. independent Comstock Resources Inc., which has made its name as a Haynesville Shale natural gas giant, is increasingly bullish on the Bossier formation as part of its strategy. Of the 21 wells the Frisco, TX-based company turned to sales in 2Q2021, only two were Bossier wells, management said during the second quarter…

August 10, 2021
U.S. Natural Gas Rig Count Static, but Lower 48 Oil Drilling Climbs

U.S. Natural Gas Rig Count Static, but Lower 48 Oil Drilling Climbs

The United States gained three drilling rigs for the week ending Friday (Aug. 6), all working in the Lower 48, according to Baker Hughes Co. (BKR).  There were 491 active rigs total in the U.S. onshore and Gulf of Mexico (GOM), compared with 247 for the same period of 2020. The weekly rig tally is…

August 6, 2021
U.S. Adds More Oil Rigs in Lower 48, while Natural Gas Count Holds Steady

U.S. Adds More Oil Rigs in Lower 48, while Natural Gas Count Holds Steady

The United States gained three drilling rigs for the week ending Friday (Aug. 6), all working in the Lower 48, according to Baker Hughes Co. (BKR).  There were 491 active rigs total in the U.S. onshore and Gulf of Mexico (GOM), compared with 247 for the same period of 2020. The weekly rig tally is…

August 6, 2021
Natural Gas Futures Slip on Diverging Weather Models, but Storage Build Seen as ‘Mucho Bullish’

Natural Gas Futures Slip on Diverging Weather Models, but Storage Build Seen as ‘Mucho Bullish’

Natural gas futures were slightly lower Friday morning as weather models started to disagree on the pattern for the latter third of the month. With the latest storage data was also still fresh on the minds of traders, the September Nymex gas futures contract was down 1.8 cents day/day at $4.122 at 8:45 a.m. ET.…

August 6, 2021
Haynesville-Focused Vine Set to Certify Natural Gas as 100% Responsibly Sourced

Haynesville-Focused Vine Set to Certify Natural Gas as 100% Responsibly Sourced

Vine Energy Inc., whose production focus is the Haynesville Shale, said it plans to  certify 100% of its output as responsibly sourced gas (RSG). The independent reached an agreement for monitoring company Project Canary to begin the certification process of all the producing wells starting in November. In addition, Project Canary would  provide continuous emissions…

August 4, 2021
Williams CEO Says Higher Natural Gas Prices a Boon for 2021, with ‘Tremendous’ Haynesville Activity

Williams CEO Says Higher Natural Gas Prices a Boon for 2021, with ‘Tremendous’ Haynesville Activity

Williams, operator of more than 30,000 miles of North American natural gas pipelines, said higher natural gas gathering volumes in the Northeast bolstered its second quarter results, while strengthening prices and a new joint venture (JV) in the Haynesville Shale brighten future prospects. “The pricing run-up that we’ve had more recently and the continued demand…

August 3, 2021
Natural Gas Rig Count Unchanged as Oil Activity Surges

Natural Gas Rig Count Unchanged as Oil Activity Surges

The U.S. natural gas rig count held steady at 104 during the week ended Friday (July 23), while a ramp-up in oil drilling drove the combined domestic tally seven units higher to 491, according to the latest data from oilfield services provider Baker Hughes Co. (BKR). All seven rigs added domestically for the week went…

July 23, 2021
Permian Leads Surge in Land Activity as U.S. Rig Count Rises to 491

Permian Leads Surge in Land Activity as U.S. Rig Count Rises to 491

A ramp-up in oil drilling, especially in the Permian Basin, sent the U.S. rig count surging seven units higher to 491 for the week ended Friday (July 23), the latest numbers from oilfield services provider Baker Hughes Co. (BKR) show. All of the net gains domestically for the week occurred in the oil patch, with…

July 23, 2021
Mexico Demand Helping Drive U.S. Natural Gas Price Rally

Mexico Demand Helping Drive U.S. Natural Gas Price Rally

U.S. natural gas demand and prices are “off to the races,” driven by a convergence of supply and demand-related factors as the world emerges from Covid-19, IHS Markit’s Jack Weixel, senior director, said Monday. Liquefied natural gas (LNG) exports to the global market, pipeline exports to Mexico and capital discipline by upstream producers all have…

July 21, 2021
Overnight Guidance Trends Hotter as Natural Gas Futures Jump Higher Early

Overnight Guidance Trends Hotter as Natural Gas Futures Jump Higher Early

Hotter trends in the overnight guidance helped send natural gas futures sharply higher in early trading Tuesday. As of 8:50 a.m. ET, the August Nymex contract was up 6.9 cents to $3.848/MMBtu. The American and European weather models trended hotter overnight for next week, adding 2-3 cooling degree days to the outlook, according to NatGasWeather.…

July 20, 2021