Chris
Mathews
Hart Energy
Chesapeake COO: Shale Gas Basins See Exploration, Step-out Activity
U.S. gas producers continue to wade through low commodity prices, a situation made even stickier by record Permian gas production, said Chesapeake COO Josh Viets. But with a “constructive” natural gas market on the horizon, producers are consolidating and exploring for drilling runway.
Grow Canada! Increased Production Boosts Energy Security
U.S. refineries drink in heavy crude, but domestic politics are always a hurdle.
Comet Ridge Awarded New Block in Australia’s Mahalo Gas Hub
Comet Ridge is expanding in the Bowen Basin’s Mahalo Gas Hub with an award to operate an additional gas block in the area.
Laying in Wait: San Juan’s ‘Remarkable’ Mancos Shale Oil Wells
The past decade has been difficult for the San Juan Basin, which suffered from a lack of activity and exits by major operators. But experts say inventory-hungry operators shouldn’t overlook the San Juan’s long-term potential.
In Service: Appalachian E&Ps Banking on MVP for Bigger Returns
Appalachian Basin E&Ps are expected to ramp up production for the Equitrans-operated Mountain Valley Pipeline by 2025 — although, near term, only about 38% of the line’s capacity is expected to be used, an analyst said.
US Drillers Cut Oil, Gas Rig Count to Lowest Since January 2022
Baker Hughes said the total rig count is down 97 rigs, or 14%, below this time last year.
Producers Trim 2024 Hedges Amid Bullish Oil Prices, M&A
Meanwhile, gas-weighted players are benefitting from solid hedge books planned ahead of price uncertainty.
Howard: Power Generation Growth Dependent on NatGas Demand
Electricity demand needs reliable natural gas to function as coal capacity is retired and less reliable renewables take a greater share of the power supply stack.
Arizona Regulators OK Gas Power Plant Expansion, Bypassing Environmental Rule
Critics claim the vote sets a precedent for more unsupervised development of gas-fired generation.
Permian To Drive Two-thirds of US Oil Output Growth Through '25 – EIA
The Permian Basin will drive U.S. oil production growth for the foreseeable future, according to the U.S. Energy Information Administration. But Permian associated gas growth continues to pressure the natural gas industry.