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…
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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…
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…
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…
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…
Energy Transfer Accused of Blocking Rival Natural Gas Pipelines, Restricting Haynesville Development
A Momentum Midstream LLC affiliate has joined two natural gas pipeline operators in accusing Energy Transfer LP of upending industry practices for pipeline crossings in Louisiana, which they said threatens to stall development of the Haynesville Shale and growth of LNG exports. New Generation Gas Gathering (NG3) LLC, a Momentum affiliate, said its $1.6 billion…
EIA Models Appalachian, Haynesville Natural Gas Declines, Permian Gains into Early 2024
Natural gas production from seven key Lower 48 regions is set to ease lower from December to January as declines from the Haynesville Shale and the Appalachian Basin overshadow Permian Basin gains, according to the latest modeling from the U.S. Energy Information Administration (EIA). EIA’s updated Drilling Productivity Report (DPR), which also models production trends…
Consolidation Wave Hits Haynesville with TGNR Acquiring Rockcliff for $2.7B
Natural gas producer TG Natural Resources LLC (TGNR) has entered a deal to acquire fellow Haynesville Shale heavyweight Rockcliff Energy II LLC for $2.7 billion. Rockcliff, which is backed by private equity firm Quantum Capital Group, operates in the East Texas portion of the Haynesville, which also straddles northwestern Louisiana. Rockcliff operates across more than…
DT Midstream Readies Second Phase of Haynesville System Expansion for January Service
DT Midstream Inc. (DTM) said it has finished building the 400 MMcf/d second-phase expansion of its Louisiana Energy Access Project, or LEAP, and expects the new capacity to be available for firm service on Jan. 1. The Detroit-based company on Wednesday announced “early mechanical completion” of the expansion that would boost capacity of the 150-mile,…
Despite Subdued Prices, Haynesville Natural Gas Producers Ramp Up Activity in November
Counter to rig count trends over much of 2023, natural gas production in the Haynesville Shale proved robust through the first half of November and could continue to help drive strong overall output, according to East Daley Analytics. Pipeline flows in Louisiana and East Texas averaged 13.2 Bcf/d through Nov. 16, marking a 300 MMcf/d…