Marketing is heating up for gassy assets in the Haynesville, Appalachia and Midcontinent, a sign that natural gas remains one of the bright spots in upstream portfolios, M&A experts tell Hart Energy.
As talk of reviving the Constitution Pipeline heats up, Coterra is well-positioned to capitalize from its Marcellus gas assets in Pennsylvania, CEO Tom Jorden said at an investor conference.
The facility in the Marcellus Shale will be the world’s first to extract, concentrate and convert lithium in a fully integrated, end-to-end process from oilfield produced water, according to Gradiant.
The Permian Basin has a lot of untapped gassier rock that could be part of a “huge investment” in natural gas, said Michael Sollee, Diamondback Energy’s director of infrastructure, at the IPAA annual meeting.
The combined company will manage 3.1 million gross unit acres across the Marcellus, Haynesville and other U.S. shale plays.
Permian Basin-focused operator Don Sparks told fellow wildcatters, after receiving the IPAA’s lifetime achievement award, that Washington should be helping the U.S. industry assure national security, and that won’t happen at $50 oil.
Former U.S. Senator Joe Manchin told oil and gas producers the U.S. already has two wars “we never paid for” at the IPAA’s annual meeting. The denuclearization of Iran should be left up to Israel, he said.
Tamboran Resources’ sidetrack in the Beetaloo Basin IP’ed an average of 7.2 MMcf/d over 30 days from a roughly 1-mile lateral, an IP rate similar to the average IP-30 of Marcellus dry-gas wells.
Williams Cos. is moving forward with its previously abandoned Constitution and Northeast Supply Enhancement projects with White House support.
IPAA’s chairman Mike Hillebrand told members in an email that the next CEO would be “a visionary, dynamic leader who understands the unique challenges and opportunities facing our diverse membership.”