Haynesville Shale

Doubling down on a goal to get more oily, Denver-based QEP Resources said last week it plans to become a Permian Basin pure-play by divesting its assets in the Williston Basin and Haynesville Shale.

Houston-based Tellurian Inc. is testing support to build a 42-inch diameter natural gas pipeline that would connect up to 2 Bcf/d of Haynesville and Bossier shale volumes to customers in southwestern Louisiana.

Chesapeake Energy Corp. won’t discriminate between its oil and natural gas properties this year as it looks to keep unloading assets in an ongoing quest to get leaner and cut another $2-3 billion of debt from its balance sheet.

Chesapeake Energy Corp. has cut 13% of its workforce, or 400 employees, as part of ongoing belt tightening at the company, CEO Doug Lawler told staff in an email on Tuesday.

Onshore producer Comstock Resources Inc. replaced 387% of production and increased proved reserves by 27% during 2017, with natural gas output rising from the Haynesville Shale.

Energy conglomerate BHP Billiton Ltd., no longer keen on the plethora of prospects it holds in the Lower 48 states, is preparing data rooms to give potential buyers a better view of its long-held projects in the Permian Basin and three big shale plays, the Eagle Ford, Haynesville and Fayetteville.

Exco Resources Inc. has voluntarily filed for bankruptcy protection as it looks to reorganize and strengthen its balance sheet.

Goodrich Petroleum Corp. plans to spend between $65 million and $75 million on capital expenditures (capex) in 2018, all devoted to its holdings in the gassy core area of the Haynesville Shale in North Louisiana.

Black Stone Minerals LP, one of the largest owners of oil and natural gas mineral interests in the United States, has entered into a farmout agreement to develop assets in trending plays in East Texas, and plans to acquire a package of properties spread across 20 states from Noble Energy Inc. for $340 million.