Cotton Valley
Cotton Valley, Eaglebine Offer Some Service Providers Hope
Tough times and low demand add pressure on service providers in dry gas basins as operators “slow-walk” payment for services. Meanwhile, Eaglebine and Cotton Valley activity offers stability for some.
PetroQuest Energy Increases First-Quarter Production Guidance
Charles T. Goodson, chairman, CEO and president, said that the most recent Cotton Valley wells and Thunder Bayou continue outperforming expectations and were the primary drivers for first-quarter 2016’s better-than-expected production rate.
Bonanza Creek Reduces Staff, Includes Senior Managers
William J. Cassidy, executive vice president and CFO, and Christopher I. Humber, executive vice president, general counsel and secretary, will separate from their positions with the company.
Matador Resources Details Full-year 2015 Production Results
For several days during the last week of the year, much of the Delaware Basin production was shut in due to winter storms in West Texas and New Mexico. This production is currently back online, Matador added.
Azure Midstream Completes Fee-based Deals With Texas Gas Producers
There is one active rig drilling two horizontal Haynesville wells there. Producer plans to drill additional wells in 2016. Minimal capital cost was required to facilitate delivery into Azure’s gathering system.
Mature Play Activity Highlights: December 2015
Larry Prado, Hart Energy's activity editor, summarizes recent trends used in mature plays in the U.S.
BG, Energy Transfer Get Approval For Lake Charles LNG Project
The partners said they would take a final investment decision on the project, expected to export around 15 million metric tonnes of LNG a year.
Reduced Incentive Restructuring Plan Approved For Sabine
The revisions, which received last-minute backing from second-lien lenders, include lowering the threshold payout for some executives and moving up the date for a bankruptcy confirmation hearing, Reuters said.
COO Todd Zehnder Resigns From PetroQuest
The resignation is on the "best of terms" as Zehnder plans to continue his career outside of the oil and gas industry, according to the release.
Chart: Texas Rig Count As Of November 16, 2015
Permian Basin, Eagle Ford, Barnett, Haynesville, Bossier, Granite Wash and Cotton Valley