Continental Resources is exploring new Williston Basin formations for stimulated, horizontal potential with 2025-minted D&C recipes, but which formations are being tested remains under wraps for now.
Continental Resources Founder Harold Hamm said Hess Corp.’s Bakken property is interesting, as well as property held by BP Plc’s Lower 48 E&P unit BPX Energy.
Gulfport Energy’s comment comes while neighbors Ascent Resources and Encino Energy are reportedly in play.
At what price WTI might Coterra Energy cut oily D&C further? “If we were seriously looking at a price below $50, you'd see our tipping point,” said Tom Jorden, chairman, president and CEO.
EOG Resources’ spending cuts will result in 80 fewer net completions and three fewer rigs, year-over-year, in the Eagle Ford and Delaware and Powder River basins.
NGP’s initial investment in Greenlake Energy II, headed by former Parsley Energy executives, includes closing an initial acquisition in the Delaware Basin.
The Constitution gas line into New England was canceled in 2020 after lengthy regulatory and court battles. Coterra Energy’s chief confirmed May 6 that talks to resume it are “seriously” underway.
As up to 13 Bcf/d of new gas demand is incoming from Louisiana and southeast Texas Gulf Coast LNG developers, midstream operators are adding big pipe to deliver more from the Haynesville.
While SM Energy has no plans to pare its oil-focused D&C plans, it could redirect iron and pressure pumping to its gassier and NGL-rich South Texas property if WTI tumbles below $50.
EOG Resources purchased the 30,000-net-acre block that includes at least 120 locations for 3-mile laterals from little known Arrow S Energy Operating.
