Other Plays

Alberta Deep Basin pure-play Peyto Exploration & Development Corp. has all but eliminated its exposure to expected weak pricing at the AECO natural gas hub for the upcoming summer, CEO Jean-Paul Lachance said. Lachance hosted a conference call on Thursday (March 9) to discuss the gas-weighted producer’s fourth quarter and full-year 2022 results.  Lachance noted…

As federal regulators prepare a ruling that would strengthen emissions standards for the oil and natural gas industry, Lime Rock Resources has partnered with Bridger Photonics Inc. to conduct fugitive methane emissions scanning in the Lower 48. Lime Rock partnered with Montana-based Bridger to use Gas Mapping Light Detection and Ranging (GLM) advanced laser technology…

The U.S. Fish and Wildlife Service (USFWS) has issued an updated review of the Mountain Valley Pipeline (MVP) that could pave the way for the 2 million Dth/d natural gas conduit to receive further permits and complete construction this year. However, even with the updated USFWS Biological Opinion, posted to the project’s FERC docket Wednesday,…

With the Haynesville Shale continuing to serve as the biggest driver of projected onshore natural gas production growth, output from seven key Lower 48 plays is poised to grow by 426 MMcf/d from February to March, according to the Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), published Monday, the agency modeled…

Canadian natural gas heavyweight Arc Resources Ltd. said Montney Shale growth – and higher prices – led to record growth in the fourth quarter. Higher gas prices, coupled with a strong marketing program, propelled profits in the final three months of 2022. With the outlook brighter, the corporate budget this year has been set at…

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…

Tallgrass Energy Partners has teamed with United Airlines Inc. and Green Plains Inc. to form Blue Blade Energy to develop a pilot project that could produce 135 million gallons/year of sustainable aviation fuel (SAF).  Tallgrass, which operates more than 7,000 miles of natural gas pipelines across the Midwest, said it is expecting to manage research…

After the city moved last month to ban new oil and natural gas drilling within its borders, the Los Angeles County board has followed suit, banning new drilling activity beginning this month.  County officials unanimously voted to adopt an ordinance amending the zoning law, banning any new oil and gas wells or production facilities in…

A private equity (PE)-backed oil and gas partnership formed last year has secured about $600 million in additional capital commitments to acquire and develop drilling opportunities in the Permian Basin. EnCap Investments LP, Double Eagle Energy Holdings IV and Tumbleweed Royalty IV LLC on Sunday announced a “successful equity commitment upsize” to $2.3 billion, and…