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.
Under a framework agreement, Chesapeake’s Haynesville Shale gas would supply Gunvor up to 2 million tonnes per annum of LNG over a 15-year period.
Tellurian Inc., which is developing the 27.6 mtpa Driftwood LNG project south of Lake Charles, produced an average of 225 MMcf/d in fourth-quarter 2022 and expects production to remain flat in 2023.
Comstock Resources is putting modern horizontals and frac jobs into the deep Bossier, long known to be a super-stocked natgas tank. It’s looking like the new recipe works.
Williams and Chevron’s agreements will support growing natural gas developments in the Haynesville and Gulf of Mexico.