Haynesville Shale

TC Energy Corp. is projecting U.S. natural gas demand to swell by over 27% by 2030 to about 115 Bcf/d versus 91 Bcf/d in 2021, with growth forecasted from LNG exports, power generation, industrial demand and pipeline exports to Mexico.  Although the expected growth is disproportionately led by liquefied natural gas exports, “nearly all sectors…

The U.S. natural gas rig count dropped two units to fall to 155 for the holiday-shortened week ended Wednesday (Nov. 23), while gains in the oil patch led the overall domestic tally two units higher to 784, according to the latest data from Baker Hughes Co. (BKR). Offsetting the natural gas declines, four oil-directed rigs…

Driven by gains in the oil patch, the U.S. rig count added two rigs overall to reach 784 during the holiday-shortened work week ended Wednesday (Nov. 23), according to updated numbers published by oilfield services provider Baker Hughes Co. (BKR). Four oil-directed rigs were added in the United States for the period, partially offset by…

TC Energy Corp. is working to connect more natural gas supply from the Haynesville Shale and Western Canadian Sedimentary Basin (WCSB) with LNG export demand, management said last week. CEO François Poirier hosted a call on Wednesday (Nov. 9) to discuss the Calgary-based pipeline juggernaut’s third quarter earnings. Poirier and his team highlighted the $400…

The Haynesville Shale and the Appalachian Basin will lead continued growth in domestic natural gas production from November to December, with output from seven key U.S. regions set to rise more than 500 MMcf/d month/month to nearly 96 Bcf/d, according to updated modeling from the Energy Information Administration (EIA). In its latest Drilling Productivity Report…

Driven by strong growth in the Permian Basin and in the Gulf of Mexico (GOM), the U.S. rig count surged nine units higher to 779 for the week ended Nov. 11, oilfield services provider Baker Hughes Co. (BKR) reported Friday. Oil-directed drilling accounted for the entirety of the domestic gains for the period, as the…

Domestic production growth, incentivized by demand for U.S. LNG exports, has been a driving factor behind a run of outsized fall storage injections that has substantially driven down natural gas prices in recent weeks. That’s according to a recent research note published by the Energy Information Administration (EIA), which found that U.S. storage injections totaled…

A revamped Chesapeake Energy Corp. continues streamlining its strategy around supplying natural gas to the Gulf Coast LNG corridor, executives said in an earnings call on Wednesday. The company sees a somewhat softer natural gas market in 2023, with no real structural demand growth until new export capacity comes online starting in 2024. “As export…

Southwestern Energy Co. said Friday that it was reinforcing its long term flow assurance to U.S. LNG facilities by adding 500 MMcf/d of new firm transportation starting in 2024. The transport to the Gulf Coast liquefied natural gas corridor would be on Momentum Midstream LLC’s 1.7 Bcf/d New Generation Gas Gathering system and DT Midstream…