The agreement between Elevate Midstream and Sabine Oil and Gas increases gas gathering and processing capabilities in the Carthage area within the Haynesville Shale.
Together, the Appalachia and Permian basins are expected to supply about 53% of the North American gas market by 2030, according to McKinsey and Co.
A Wolfcamp shale discovery in the Permian by Occidental, Chesapeake high-volume Haynesville completions and a California oil discovery top this week’s drilling activity highlights from around the world.
To balance the market, Westwood Global Energy Group believes between an estimated 30 to 50 million tons needs to be removed over the next 12 to 18 months.
Sabine was the first big LNG export facility to enter service in the Lower 48. When the company shipped its first cargo in February 2016, the U.S. was not exporting any LNG.