Other Plays

PDC Eyeing Double-Digit Oil, Natural Gas Output Growth

PDC Eyeing Double-Digit Oil, Natural Gas Output Growth

Denver-based PDC Energy Inc. earlier this month closed on its $1.3 billion acquisition of crosstown independent Great Western Petroleum LLC and is forecasting production growth of as much as 23% by the end of June “We’re ready to start this integration,” CEO Bart Brookman told analysts during the earnings call for the first quarter. PDC…

May 16, 2022
Pembina Says Montney Shale Liquids, Natural Gas in High Demand

Pembina Says Montney Shale Liquids, Natural Gas in High Demand

Rising prices and producer demand for delivery service in the gassy Montney Shale of northern Alberta and British Columbia (BC) ignited a “tremendous start” to the year for Pembina Pipeline Corp., management said.  The Calgary operator, which reports in Canadian dollars (C$1.00/US 80 cents) said highlights of the first quarter included relaunching construction of the…

May 11, 2022
Former Bolivian Hydrocarbons Minister Shares Insight on Natural Gas Market – Listen Now to NGI’s Hub & Flow

Former Bolivian Hydrocarbons Minister Shares Insight on Natural Gas Market – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow for a look at the global natural gas market from a South American perspective. Join NGI’s Mexico & Latin America Editor Christopher Lenton and guest speaker Alvaro Rios, Bolivia’s former minister of hydrocarbons and current managing director of Gas Energy Latin America,…

May 9, 2022
Civitas Builds Natural Gas, Oil Drilling Inventory in Colorado’s DJ

Civitas Builds Natural Gas, Oil Drilling Inventory in Colorado’s DJ

Denver-based Civitas Resources Inc., the largest producer in the Denver-Julesburg (DJ) Basin, has already secured most planned drilling permits for 2022, the management team said recently. “We’re over 90% permitted for the year,” Civitas’ COO Matt Owens told analysts during the earnings call to discuss first quarter results. Civitas last year completed its takeover of…

May 9, 2022
Canadian Natural Increases Natural Gas Output by 25%, as Commodity Prices Roar

Canadian Natural Increases Natural Gas Output by 25%, as Commodity Prices Roar

Record natural gas production and stronger commodity prices propelled Canadian Natural Resources Ltd. (CNRL) in the first three months of this year, enabling returns to shareholders and corporate debt reduction. Natural gas production jumped by 25% in 1Q2022 from a year earlier to 2 Bcf/d, management noted. Liquids production hovered at 945,809 b/d, off from…

May 9, 2022
Crestwood Riding High on Strong Commodity Prices, Oasis Midstream Acquisition

Crestwood Riding High on Strong Commodity Prices, Oasis Midstream Acquisition

Crestwood Equity Partners LP said its acquisition of Oasis Midstream Partners LP, coupled with robust natural gas and oil prices, helped it drive strong first-quarter results. The Houston-based company expects continued momentum. It said key gathering and processing assets leveraged to higher producer activity in the Williston, Delaware and Powder River Basins in the second…

May 2, 2022
Anadarko-Focused E&P Rebrands to Canvas from Chaparral

Anadarko-Focused E&P Rebrands to Canvas from Chaparral

Independent Chaparral Energy Inc. has been rebranded as Canvas Energy Inc., still privately held and still based in Oklahoma City. “Our new brand represents a renewed sense of purpose, enthusiasm and commitment to our employees, stakeholders, vendors and local communities to name a few,” said Canvas CEO Chuck Duginski. The company held about 231,000 net…

April 21, 2022
Argentina Looking to Secure Winter Natural Gas Volumes Amid Soaring Cost of LNG

Argentina Looking to Secure Winter Natural Gas Volumes Amid Soaring Cost of LNG

Argentina took a step towards securing additional natural gas supplies for this upcoming Southern Cone winter with a new agreement with neighboring Bolivia. The agreement guarantees Argentina will receive 14 Mm3/d of gas from Bolivia from May to September, the same volume of imports as last winter. Bolivia had initially said it would send out…

April 14, 2022
Vermilion Acquires Montney-Focused Leucrotta, Expanding Natural Gas Footprint

Vermilion Acquires Montney-Focused Leucrotta, Expanding Natural Gas Footprint

Calgary-based Vermilion Energy Inc. has gained 120 square miles of natural gas-rich Montney Shale drilling rights with a C$477 million ($382 million) takeover of Leucrotta Exploration Inc. The acquired property package in northern Alberta and British Columbia was announced Monday.  Vermilion said the Leucrotta deal would enable more than doubling current combined natural gas and…

March 28, 2022
Bitcoin Miners Eyeing Argentina’s Natural Gas Cash Cow

Bitcoin Miners Eyeing Argentina’s Natural Gas Cash Cow

British company FMI Minecraft is working on a project to mine the cryptocurrency Bitcoin using natural gas from Argentina’s Vaca Muerta. The project would be in the Zapala free trade zone in the province of Neuquén and source gas from the Vaca Muerta, or ‘Dead Cow’ shale formation. “Vaca Muerta is great because there are…

March 24, 2022
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