Haynesville Shale giant Comstock Resources Inc. should see “moderate” production growth this year as market conditions improve, executives said Wednesday during a first quarter earnings call. The Frisco, TX-based independent has 323,000 net acres in the Haynesville/Bossier formations across East Texas and North Louisiana, one of the gassiest regions of the country. Production this year…
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Louisiana Renewable Diesel Plant Looking to FID in 2022
A 171-acre site at the Port of Columbia in Caldwell Parish, LA, could be the site of a 32 million gallons/year renewable diesel plant, Gov. John Bel Edwards said Friday. Strategic Biofuels LLC CEO Paul Schubert, who joined Edwards in the announcement, said subsidiary Louisiana Green Fuels (LGF) is developing the site on the Ouachita…
Permian, Haynesville Growth Highlight EIA’s Latest Lower 48 Production Forecast
Despite projected gains from the Permian Basin and Haynesville Shale, overall natural gas production from seven key U.S. onshore regions is set to decline from April to May, according to updated figures released Monday by the U.S. Energy Information Administration (EIA). Total output from the seven regions — the Anadarko, Appalachia and Permian basins, as…
U.S. Adds 13 Rigs Amid Spring Surge in Oil Patch
With activity ramping up on land and offshore, the U.S. rig count surged 13 units higher to 430 during the holiday-shortened week ended Thursday (April 1), according to data published by Baker Hughes Co. (BKR). As has often been the case recently, the increase in domestic drilling for the week was driven by the oil…
Natural Gas Rigs Down One in U.S. as Oil Count Surges by Double Digits
The U.S. natural gas rig count eased one unit lower to 91 for the holiday-shortened week ended Thursday (April 1), while a spring surge in the oil patch sent the overall domestic tally higher by double digits, according to data published by Baker Hughes Co. (BKR). Thirteen oil-directed rigs were added in the United States,…
CJ Express Expansion Signs on Golden Pass LNG for Additional Supply
A Midcoast Energy LLC subsidiary has brought the CJ Express pipeline expansion into service and inked a firm transportation deal with the Golden Pass liquefied natural gas (LNG) export project in Texas to provide additional feed gas to the terminal when it is complete. The CJ Express was sanctioned last year. It added compression and…
Oil, Gas Activity Improving Dramatically in Permian and Beyond, Says Dallas Fed
Oil and natural gas activity sharply expanded during the first three months of the year in Texas, New Mexico and Louisiana, according to a survey by the Federal Reserve Bank of Dallas. Every quarter the Dallas Fed, as it is better known, surveys executives of exploration and production (E&P) firms and oilfield services (OFS) companies…
EIA Projects Continued Decline in U.S. Natural Gas, Oil Output from Key Onshore Plays in April
Natural gas production from seven key U.S. regions is set to fall by 316 MMcf/d from March to April, extending a downward trajectory in projected output from the domestic plays that goes back to early last year, according to new data published Monday by the U.S. Energy Information Administration (EIA). Combined output from the Anadarko,…
Declines in U.S. Production from Seven Key Plays Expected from March to April, EIA Says
Natural gas production from seven key U.S. regions is set to fall by 316 MMcf/d from March to April, extending a downward trajectory in projected output from the domestic plays that goes back to early last year, according to new data published Monday by the U.S. Energy Information Administration (EIA). Combined output from the Anadarko,…
U.S. Rig Count Down One Amid Small Declines in Marcellus, Haynesville
The U.S. rig count eased one unit lower to 402 for the week ending Friday (March 12) as increases in the Permian Basin and Utica Shale partially offset declines in the Marcellus and Haynesville shales, according to updated data from Baker Hughes Co. (BKR). The total number of domestic natural gas-directed rigs remained unchanged at…