Haynesville Shale

Natural gas and oil permitting dipped sharply in April from a month earlier, with double-digit losses nearly across the board, according to Evercore ISI. The energy analysts at Evercore, led by James West, every month compile permit data from state and federal officials to determine the direction of U.S. drilling. Once an onshore permit is…

Williams capitalized on heightened natural gas price volatility and recorded all-time high gathering volumes during the first quarter, countering the unfavorable impacts of a harsh winter on its gathering system in the West. Management credited the success of marketing arm Sequent Energy Management LP, purchased in 2021, in optimizing the assets in its base business.…

Comstock Resources Inc. CEO Jay Allison underscored that despite low natural gas prices to start 2023, management is “extremely positive on the outlook for natural gas in the future,” with growing global demand for LNG.  The liquefied natural gas market is expanding to the tune of $1 trillion globally over the next five years, with…

Despite a steep drop in natural gas prices since the beginning of the year, Chesapeake Energy Corp. has no plans for now to cut activity further in 2023 as management sees an opportunity to be better positioned for a rebound in 2024.  “We believe our financial flexibility is a competitive strength, and we intend to…

Southwestern Energy Co. continues to focus on decreasing dry gas completion activity, which includes releasing a hydraulic fracturing fleet in the Haynesville Shale, while maintaining its liquids-rich activity level in West Virginia and Ohio. “Despite the near-term commodity price weakness due to relatively high inventory levels following a record warm winter, we continue to see…

Weak natural gas prices and inflation are likely to be big topics as North American producers and midstream operators unveil their quarterly results in the coming weeks. SLB Ltd., which has its fingers on the pulse of exploration and production (E&P) customers, has revised its North American outlook for 2023 because of languishing natural gas…

ConocoPhillips is building out its LNG portfolio around the world, but a large merchant trading business is not in the cards, CEO Ryan Lance said Wednesday. Lance and his executive team spoke with analysts in New York City about plans over the next decade for the largest independent in the world. A big topic of…

As TC Energy Corp. plans to continue investing billions to expand North American natural gas pipeline capacity through the decade, CEO Francois Poirier said political momentum for permitting reform and an appreciation for infrastructure could pave the way for expansions and greenfield projects to boost LNG exports. On the sidelines of the CERAWeek by S&P…

CF Industries Holdings Inc., which uses natural gas in its hydrogen and nitrogen manufacturing, agreed to pay nearly $1.7 billion for the Incitec Pivot Ltd. (IPL) ammonia production complex in Waggaman, LA. The IPL facility has a nameplate capacity of 880,000 tons/year of ammonia, CF noted.  The companies plan to allocate around $425 million of…