Haynesville Shale

Employment in the U.S. oilfield services and equipment sector (OFS) advanced in January along with an overall surge in jobs to start the new year. OFS employment rose by an estimated 3,069 jobs to 652,090 last month, according to an analysis of federal data by the Energy Workforce & Technology Council. The January increase made…

Nearly a year after receiving federal approval, Kinder Morgan Inc. has sanctioned the 2 Bcf/d Evangeline Pass pipeline project that would feed Venture Global LNG Inc.’s Plaquemines LNG export facility. In a call with investors to discuss 4Q2022 earnings earlier this month, CEO Steven Kean said Kinder is moving forward with the $678 million Evangeline…

Only a few U.S.-based exploration and production (E&P) companies have provided formal capital spending plans for 2023, but expenditures overall are forecast to decelerate from a year ago. E&P executives are surveyed twice a year by Evercore ISI to determine the level of capital expenditures (capex) and activity, which often are revised. Respondents indicated that…

U.S. natural gas and oil drilling permit activity ended the year surpassing expectations, climbing 13% in December or up by 389 permits from November, according to Evercore ISI. The energy analyst team led by James West compiles domestic permitting figures using state and federal data. Lower 48 permits often are issued three to six months…

Bolstered by another strong month of growth from the Haynesville Shale, domestic natural gas production from seven key onshore plays should grow to over 96.6 Bcf/d from January to February, updated modeling from the Energy Information Administration (EIA) shows. The agency said in its latest Drilling Productivity Report (DPR), published Tuesday, that it expects natural…

WhiteHawk Energy LLC has entered a deal to acquire a package of Haynesville Shale mineral and royalty assets for up to $105 million, management said Tuesday. The assets cover about 375,000 gross unit acres in northwestern Louisiana, and are operated by exploration and production firms including Southwestern Energy Co., Chesapeake Energy Corp., Aethon Energy Management…

Momentum Midstream is furthering its plans for the New Generation Gas Gathering (NG3) project near the Gillis Hub in Calcasieu Parish, LA, with an engineering, design and fabrication contract with Opero Energy. Opero is an affiliate of Audubon Engineering Co. LLC, which was awarded the project that was sanctioned by Momentum in September. NG3 is…

Amid increasing global inventories, Brent crude oil prices are expected to average $83/bbl in 2023, an 18% decline from 2022 levels, before falling further in 2024, according to updated projections from the U.S. Energy Information Administration (EIA). Next year may see prices for the global crude benchmark fall to $78, with rising global inventories expected…

As the United States works toward casting a wider net on the global natural gas market via exports, key domestic markets could be turned upside down in 2023 as midstream bottlenecks leave gas stranded in producing basins. LNG developers on the Gulf Coast are in a race to boost liquefied natural gas exports to capitalize…