Bernstein Expects $5/Mcf Through 2026 in ‘Coming US Gas Super-Cycle’
Bernstein Research’s team expects U.S. gas demand will grow from some 120 Bcf/d currently to 150 Bcf/d into 2030 as new AI data centers and LNG export trains come online.
Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC
The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.
More Uinta, Green River Gas Needed as Western US Demand Grows
Natural gas demand in the western U.S. market is rising, risking supply shortages later this decade. Experts say gas from the Uinta and Green River basins will make up some of the shortfall.
Shale Consolidation Aftermath: The Field Narrows
Widespread consolidation has reshaped the list of top public producers, says Enverus CEO Manuj Nikhanj.
On The Market This Week (Jan. 6, 2025)
Here is a roundup of listings marketed by select E&Ps during the week of Jan. 6.
Shale Outlook: E&Ps Making More U-Turn Laterals, Problem-Free
Of the more than 70 horseshoe wells drilled to date, half came in the first nine months of 2024 as operators found 2-mile, single-section laterals more economic than a pair of 1-mile straight holes.
PRB’s Sage Butte Ready for M&A Across Lower 48, Maybe Canada Too
Private E&P Sage Butte Energy, which operates in the Powder River Basin, is less interested in the Permian Basin, citing the cost of entry.
Artificial Lift Firm Flowco Seeks ~$2B Valuation with IPO
U.S. artificial lift services provider Flowco Holdings is planning an IPO that could value the company at about $2 billion, according to regulatory filings.
Exxon’s Custom, Lightweight Proppant Boosts Permian EURs by 15%
Exxon is lowering drilling and completion costs, boosting EURs by 15% with custom proppant and considering upside from less developed Permian Basin zones.
Marketed: Berlin Resources Woodford Shale Opportunity
Berlin Resources has retained EnergyNet for the sale of working interest participation in McClain County, Oklahoma.