Frisco, TX-based Comstock Resources Inc. next year will turn away from the Eagle Ford Shale and Tuscaloosa Marine Shale (TMS) and spend more in the dry gas-rich Haynesville as it believes “improved completion technology, including longer laterals, will provide strong returns on drilling projects at current natural gas prices.”
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Big Four Shale Gas Plays Show Decline — Not Plateau — After 2020, Say University of Texas Researchers
The U.S. Energy Information Administration (EIA) and a bevy of independent analysts have predicted domestic natural gas production will climb rapidly over the long-term because of booming unconventional gas growth. However, the University of Texas at Austin (UT) is predicting production from the biggest shale gas plays — Marcellus, Barnett, Fayetteville and Haynesville — will peak by 2020 and decline thereafter.
EIA Says NatGas Reserves Up 10%; North Dakota Passes GOM in Crude
U.S. natural gas proved reserves increased nearly 10% and reached a record 354 Tcf in 2013, according to the U.S. Energy Information Administration (EIA). Meanwhile, North Dakota’s crude oil and lease condensate proved reserves surpassed those of the federal Gulf of Mexico (GOM), ranking it second only to Texas among U.S. states.
J-W Acquires Louisiana Properties From BHP Billiton
A subsidiary of J-W Energy Co., a privately-held exploration and production (E&P) company based in Dallas, said it has acquired oil and natural gas properties in northern Louisiana from Australia’s BHP Billiton Ltd., a move that will increase its production totals and proven reserves.
Texas Crude Production Climbing, NatGas Down From Year-Ago Levels
Texas crude oil and natural gas production statistics continue to reflect producers’ preference for oil over less-lucrative natural gas.
Big Seven Plays to Produce 43.28 Bcf/d in November, EIA Says
Production from the seven most prolific U.S. shale and tight oil regions in November is expected to reach 43.28 Bcf/d of natural gas (up 1.4% from October ) and 5.14 million b/d of crude oil (up 2.4% from this month), according to the Energy Information Administration (EIA).
Patterson-UTI Buying Gulf Coast Pressure Pumping Horsepower
A unit of Patterson-UTI Energy Inc. is growing its Gulf Coast region operations by acquiring pressure pumping assets that will support activities in the Eagle Ford and Haynesville shales.
North America’s Frack Attack Coming Back
The Denver-Julesburg (DJ) and Permian basins, and the Utica Shale, should lead all onshore plays for horizontal fracturing (fracking) this year as drilling and completion (D&C) activity continues to escalate, according to PacWest Consulting Partners LLC.
EIA: Lower 48 Gas-Fired Generation to Grow to 1.6 Billion MWh by 2040
The use of natural gas for power generation in the Lower 48 is expected to increase to 1.6 billion megawatt hours (MWh) by 2040, a 1.3% average annual increase, in part due to development of several shale plays, according to the U.S. Energy Information Administration (EIA).
Shell Selling Spree Continues With Haynesville, Pinedale Exit
Royal Dutch Shell plc on Thursday announced two more agreements in a bid to restructure its North American portfolio and realign its shale operations with the divestiture of 126,000 net acres in North Louisiana’s Haynesville Shale and the Pinedale Anticline of Wyoming.