Haynesville Shale

Comstock Resources Inc., which this year became the No. 1 operator in the natural gas-heavy Haynesville Shale, said second quarter output from the play was 88% higher than a year ago and 19% higher sequentially, but confronted with continued low prices, the company is playing defense.

Chesapeake Energy Corp. said Tuesday it would further slash spending on its natural gas assets next year and redirect that capital toward plays in Texas and Wyoming, which are expected to drive double-digit growth in the company’s oil production.

Black Bear Midstream, a portfolio company of funds managed by Oaktree Capital Management LP, has secured a seven-year natural gas gathering and processing agreement in Louisiana’s Desoto and Caddo parishes with an undisclosed Cotton Valley producer.

Energized by over-the-top results in the Lower 48, U.S. oil and gas consumption and production growth accelerated in 2018 at a record pace, solidifying the country as the world’s largest producer, BP plc said in its latest statistical overview.

With a substantial cash infusion from Dallas Cowboys owner and top shareholder Jerry Jones, Comstock Resources Inc. plans to acquire privately held Covey Park Energy LLC to create what could be the Haynesville Shale’s largest natural gas producer.

Indigo Natural Resources LLC, a privately held, independent that works in the Haynesville Shale, reported record production of 1 boe/d net in March.

Goodrich Petroleum Corp., which saw production more than triple in 4Q2018, said it plans to double production this year and focus on strategic acquisitions to add to its drilling inventory while running a single-rig program on gassy targets in the Haynesville Shale.

After executing a transformative deal last year with Dallas Cowboys owner Jerry Jones to return the company to profitability, Comstock Resources Inc. has unveiled plans to spend more on completions in 2019 and grow natural gas production by about 50%.

The U.S. oil and natural gas rig count climbed by three to 1,083 for the week ended Friday (Dec. 28), nearly bringing to a close a year of growth in domestic drilling activity, according to data from Baker Hughes, a GE Company (BHGE).