Andy Huggins, senior vice president of the Haynesville division at Southwestern Energy Co. discusses M&A, how the company’s Appalachia and Haynesville assets complement each other and efforts to certify its natural gas as responsibly sourced, particularly for utilities and end-users in Europe.
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.
Operators are adding inventory, largely through M&A, as some E&Ps see well productivity plateauing.
Even though gas rig counts are currently up, analysts say drillers have been cutting rigs in some shale basins, especially the Haynesville due to higher production costs.
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.
Chesapeake's COO said consistency in political messaging is what’s needed to make the mega-billion-dollar commitments to get the resource to markets.
Crude output in the Permian Basin in Texas and New Mexico, the biggest U.S. shale oil basin, is expected to rise to 5.62 MMbbl/d. Though that would be a record high, oil output from the region is expected to gain by 26,000 bbl/d from the previous month, it’s also the smallest increase since last December, the data showed.
Price volatility has stymied reported plans by a unit of Tokyo Gas Co Ltd. to acquire Rockcliff Energy from private equity firm Quantum Energy Partners.
In an LNG deal, up to 100 Bcf/year of the operator’s Haynesville production will be indexed to the Japan Korea Marker.
Tellurian CEO Charif Souki tells Hart Energy that the search for partners is ‘the key thing’ to moving Driftwood LNG forward, not securing off-takers.