Comstock: Monster Western Haynesville Wildcats Cost $30MM-plus

Comstock Resources is flowing back a 13th well currently in the play where the oldest has made 2.2 Bcf per 1,000 lateral feet to date in its first 29 months online.

October 31, 2024

Diversified Closes East Texas NatGas Bolt-on

Diversified Energy said the acquisition, from a regional operator, adds the equivalent of 70 Bcf of proved developed producing with a PV-10 of $89 million.

October 30, 2024

DT Midstream Moves on Network Expansion, See Gas Demand Up in ‘25

DT Midstream expects an increase in natural gas demand in the Haynesville Shale in 2025, despite a third-quarter earnings miss.

October 30, 2024

BP Profit Falls On Weak Oil Prices, May Slow Share Buybacks

Despite a drop in profit due to weak oil prices, BP reported strong results from its U.S. shale segment and new momentum in the Gulf of Mexico.

October 30, 2024

'A Renewed Look': Central Basin Platform's Old Rock Gains New Interest

As majors prune their portfolios to sell non-core assets, M&A activity is heating up on the Permian’s Central Basin Platform and Northwest Shelf—and Ring Energy hopes to be a buyer.

October 29, 2024

Mexico's Success in Navigating LNG Growth, Infrastructure, Lingering Headwinds Linked to Texas

Four main pipelines send Permian and Eagle Ford gas to the Mexico border.

October 28, 2024

Texas Gas Vital to Mexico’s Nearshoring Boom

Continued U.S. piped-gas exports to Mexico bode well for Eagle Ford and Permian producers.

October 25, 2024

Northern’s O’Grady: Most of ‘Best’ Acres ‘Already Been Bought’

Adding new-well inventory going forward will require “exploration or other creative measures,” said Nick O’Grady, whose Northern Oil and Gas holds interests in 10,000 Lower 48 wells.

October 24, 2024

Matador May Tap Its Haynesville ‘Gas Bank’ if Prices Stabilize

The operator holds 8,900 net Haynesville Shale acres and 14,800 net Cotton Valley acres in northwestern Louisiana, all HBP, that it would drill if gas prices stabilize—or divest for the right price.

October 24, 2024

Crescent to Double, Largely Through M&A, in the Next Five Years, CEO Says

Crescent Energy CEO David Rockecharlie said that after closing the SilverBow acquisition, the company is continuing to hunt for new assets, although few make it past the company’s screening process.

October 23, 2024