US E&Ps Could Drop Up to 100 Rigs at New Low Oil Price
Private operators are likely to let rigs go first, beginning in the Midcontinent and Powder River Basin, then the Eagle Ford, Bakken and Permian, according to J.P. Morgan Securities.
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Shale Plays
EOG, SM, Magnolia Ramp Up Austin Chalk Development for NatGas Growth
As Tier 1 Eagle Ford inventory declines, EOG, SM and Magnolia are accelerating development in the overlying Austin Chalk to sustain South Texas output.
Trade
LNG Project Costs Already Going Up from Steel Tariffs
The fees on steel and aluminum are affecting several U.S. projects, an analyst says.
Infrastructure
US Halts Construction of Equinor’s Empire Wind Project Offshore NY
In a post on X, Interior Secretary Doug Burgum said construction activity is being stopped “until further review of information that suggests the Biden administration rushed through its approval without sufficient analysis.”
Investment
Expand Energy Joins EQT in Triple-Investment-Grade Credit-Rating Club
The trifecta of endorsements assures Expand Energy, the largest gas producer in the U.S., a seat alongside EQT Corp. at the LNG and AI data center gas-supply negotiating tables.
Crude Oil
Kaes Van’t Hof: $60 Oil Threatens US Production, Permian Rig Activity
“I think before Liberation Day, there was a case towards being pretty bullish,” Diamondback Energy President Kaes Van’t Hof said April 15 at the World Oilman’s Mineral & Royalty Conference. “Unfortunately, it all feels a bit self-inflicted.”
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Oil and Gas Investor Magazine
‘Golden Age’ of NatGas Comes into Focus as Energy Market Landscape Shifts
As prices rise, M&A interest shifts to the Haynesville Shale and other gassy basins.