Chesapeake Intentionally Reducing Haynesville Gas Production, Rigs
The Oklahoma City-based E&P is intentionally letting Haynesville natural gas production fall off this year as the industry faces a volatile supply-demand imbalance.
March 30, 2023
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DUG Haynesville: E&Ps Keeping Production Flat, Hedging Amid Gas Price Slump
Executives from E&Ps such as GeoSouthern Energy and New ASEAN Energy said they are adjusting drilling and hedging strategies in the Haynesville Shale after a rapid collapse in U.S. natural gas prices.
March 29, 2023
Public, Private E&Ps Split on Permian Basin Drilling Strategies
The Permian led the nation in drilling rig activity in the past year, with data showing much of that growth coming from large, public upstream operators as private companies such as CrownQuest Operating, Iskandia Energy and Mack Energy have downshifted.
March 29, 2023
Oil, Gas Price Volatility Slows Upstream M&A Market
A flurry of oil deals kicked off a strong start to 2023, but upstream dealmaking has slowed to a crawl in recent weeks due to low commodity prices and a banking liquidity crisis.
March 28, 2023
Vitol’s VTX Energy Partners Completes Southern Delaware Basin Deal
VTX Energy, backed by Swiss oil trader Vitol, purchased 35,000 net leasehold acres with an average production of 40,000 boe/d in the Delaware Basin’s Pecos and Reeves counties, Texas, in a deal Enverus said could be valued at $1.5 billion to $2 billion.
March 23, 2023
Marcellus, Permian Add Rigs Despite Commodity Price Volatility
Gas-directed rig activity in key U.S. plays, including the Marcellus Shale and Permian Basin, increased in a big way last week, but analysts expect cuts to the rig count later this year.
March 23, 2023
Sempra Reaches FID on $13 Billion Port Arthur LNG Project, Closes JV
Sempra Infrastructure is moving forward on building the first phase of Port Arthur LNG, which is expected to cost around $13 billion and closed a joint venture with ConocoPhillips.
March 21, 2023
HIF Global's Gentle on E-fuels Project, Renewable Fuels Misconceptions [WATCH]
In this Hart Energy Live exclusive interview, we're speaking with Meg Gentle, executive director at HIF Global, a company pursuing opportunities in synthetic fuels made using renewable power.
March 21, 2023
Haynesville, Permian to Lead Natural Gas Production Growth in April
Despite recent price volatility, natural gas output from key regions including the Permian and Haynesville is expected to grow from March to April, according to the Energy Information Administration.
March 20, 2023
Range Resources CEO Jeff Ventura to Retire from Marcellus Shale Pioneer
Ventura exits Range Resources weeks after reports that the Marcellus E&P might be purchased by Pioneer Natural Resources, which the Permian company denied.
March 17, 2023