Associated-gas supply continues to decline and natgas’ share in electricity feedstock continues to grow.
Among its many pilots—including a 16-well pad called Megalodon—Aethon Energy is testing 6,000 pounds of sand per lateral foot.
It has plenty of oil, but how to extract it economically? This operator has 14 unconventional wells in the Lower Smackover and more than 25,000 net acres of mineral rights in northern Louisiana and southern Arkansas.
As the platform U.S. E&P operator subsidiary for Osaka Gas USA Corp., Sabine Oil & Gas is developing its 175,000 net acres in East Texas with a long-term view, rather than toward an exit. Learn here of its portfolio, plans and results.
Rockcliff Energy is making Mcfes in East Texas for less than $1 each. A 20% return is reached at less than $2. And it’s up to 80% hedged into 2022 at more than $2.48. It’s kept four rigs drilling continuously since 2017.
Goodrich Petroleum is booking the third-highest returns on capital employed among all Lower 48 producers—and that includes those in the Permian.
Acres in northeastern Texas have been trading as operators narrow down what is core to their portfolios.
With the investment backing of Tokyo Gas and Castleton Commodities International and having added Shell’s Haynesville property, along with Range Resources’ Cotton Valley (Terryville Field) upstream portfolio, Castleton Resources is looking to buy more.
The Haynesville’s catapult to 12 Bcf in just three years was driven in part by rig activity. But the gas volumes from each new well are disproportional to the play’s early years.
Midstream infrastructure to Gulf Coast markets is supplying going-forward natgas demand, including behemoth LNG exports.