US Shale Pioneer Chesapeake Energy Files for Chapter 11 Bankruptcy
“We are fundamentally resetting Chesapeake’s capital structure and business to address our legacy financial weaknesses and capitalize on our substantial operational strengths,” CEO Doug Lawler said in a statement.
Best of This Week’s Drilling Activity Highlights (June 26, 2020)
Wolfcamp-Spraberry Trend wells completed by Earthstone Energy in the Permian Basin plus four strong Haynesville Shale discoveries from two separate pads in Louisiana’s Sabine Parish top this week’s drilling activity highlights from around the world.
Why US Shale Production Declines Are Higher Than You Might Think
The natural decline rates of existing oil and gas wells across major shale plays in the U.S. will contribute to a tighter supply/demand balance.
E&P Unconventional Report: LNG Exports to Decline for Haynesville Shale
Analysis reveals a 20% output decline in a $1.80 to $1.90 Henry Hub scenario for the shale gas play.
Black Stone Minerals, XTO Energy Reach Shelby Trough Development Agreement
The news follows the recent Black Stone Energy development agreement with Aethon Energy in the same region of the Haynesville and Bossier shale plays and complements the company’s goal of reviving volume growth from the area.
Midstream’s Unruffled Feathers in a Crisis
The midstream sector may prove to be the energy industry’s best story in this black swan event as the global oil and gas business scrambles to respond to 2020’s unexpected shocks.
PATH FORWARD: Goodrich Petroleum’s Rob Turnham on the Haynesville Advantage
Goodrich Petroleum President and COO Rob Turnham discusses the strategy behind the Houston-based company’s 100% natural gas-weighted position and how the Haynesville Shale’s location helps make that successful.
When Will Shale Gas Recover?
Numerous factors, including oil production, COVID-19 and infrastructure complicate the picture.
Hart Energy Unconventional Activity Tracker (Week of June 1, 2020)
The largest monthly decline occurred in the Williston Basin, where 50% of rigs were released, according to Enverus Rig Analytics for May.
Best of This Week’s Drilling Activity Highlights (May 29, 2020)
Exxon Mobil’s latest find offshore Guyana and three extended-reach, horizontal producers completed by Gulfport Energy from a Grady County pad in Oklahoma top this week’s drilling activity highlights from around the world.