U.S. Onshore
News
March 27, 2024
There’s “a lot of desire out there to have more than one Haynesville stock on the market,” Andrea Passman, chief operating officer at Aethon Energy, said at a conference in Shreveport, Louisiana, on Wednesday.
News
March 27, 2024
Drillers in the Permian basin told the survey they could profitably bore new wells with a crude price of $65 a bbl, well below the $83 actual price during the period in which opinions were gathered. The snag, however, is concern that the Biden administration may impose costly regulatory changes that would gut future profitability, survey respondents said.
News
March 21, 2024
During the discussion and following press conference, Gov. Dunleavy made it clear that Alaskan resources are “extraordinary” due to the state’s unique location and history. Alaska’s proven reserves include over 100 Tcf of natural gas and billions of barrels of oil.
News
March 19, 2024
Lance predicted that first production from its Willow development will occur in “four more winters.” The CEO applauded the project as an important boost for Alaska’s economy, creating many jobs and enhancing the U.S.’ energy security.
News
March 15, 2024
The number of U.S. rigs drilling for oil rose by six to 510, the biggest mark since Sept. 15, according to data released by Baker Hughes Co. on Friday. After months of relatively low growth, shale operators have now added more than a dozen rigs since mid-February.
News
March 15, 2024
Rig 257 is a Flex 3 1,500HP drilling rig fully capable of drilling the planned well and managing the high reservoir pressures expected to be encountered.
News
March 14, 2024
Advanced AI is gaining a foothold in the oil field as drillers and producers are relentlessly focused on improving efficiency. While the technology is being tested around the globe, the U.S. is perhaps the most important spot to watch.
News
March 13, 2024
Axis' EPIC RIG provides improvements in safety and efficiency, as well as the ability to run on grid power for reduced emissions and increased fuel flexibility.
News
March 11, 2024
The data shows that U.S. crude oil and condensate production averaged 12.9 MMbpdin 2023, breaking the previous U.S. and global record of 12.3 million bpd set in 2019. Average monthly U.S. oil production established a monthly record high in December 2023 at over 13.3 MMbpd.
News
March 11, 2024
TGS has expanded the coverage of its CO2 storage assessment datasets by adding eight additional U.S. onshore basins. These basins include Gulf Coast Onshore, Permian, Illinois, Michigan, Appalachia, North Dakota, Sacramento-San Joaquin and DJ, including interpretation on more than 43,000 wells across 378 million acres.
News
March 11, 2024
The $7.6 billion conduit is due to be completed in the second quarter. It will take natural gas from the land-locked Marcellus shale basin in Appalachia to markets in the Southeast and, potentially, to liquefied natural gas (LNG) export terminals on the Gulf Coast.
Article
February 2024
Active natural gas wells saw a slight increase in the U.S. during 2023 of 0.9%, to 496,756 total wells, compared with 492,197 in 2022. Accordingly, total marketed gas production in the U.S. also saw an increase.
News
March 04, 2024
EQT will curtail about 30 to 40 Bcf of net natural gas production through March in response to low prices, it said in a statement Monday. That’s 5% to 7% of the company’s quarterly output, based on fourth-quarter results. Total U.S. natural gas production is about 100 Bcfd, down slightly from a record earlier this year.
News
February 28, 2024
Approximately 60% of total investments are planned to be allocated to the Permian basin, with the remainder to the DJ basin. Civitas expects to drill and complete 130 to 150 gross wells in the Permian basin and 90 to 110 gross wells in the DJ basin.
Article
February 2024
Look for U.S. spending to increase just 2.2% in 2024, and drilling should be flat. Many factors are at play to bring this result.
Article
February 2024
Despite a 4.6% reduction in U.S. drilling activity on an average yearly basis, U.S. crude production climbed to an all-time high of 12.93 MMbopd in 2023, an 8.8% increase compared to the 11.88 MMbopd average of 2022. The increased output was augmented by U.S. operators completing a large backlog of DUCs in three major oil shale plays.
News
February 25, 2024
The disciplined capital program allocates approximately $4.3 billion to drill and complete 600 net wells in EOG's domestic premium areas. Strong capital efficiency delivers 3% oil volume growth and 7% total volume growth, for ~$100 million lower year-over-year total direct investment in drilling and completion activity.
News
February 22, 2024
Buying Calgary-based Enerplus will increase Chord’s production to the equivalent of 287,000 boed and give it a total 1.3 million net acres in the Williston basin.
News
February 21, 2024
Chesapeake is currently operating nine rigs (five in the Haynesville and four in the Marcellus) and four frac crews (two in each basin). Given current market dynamics, the company plans to defer placing wells on production while reducing rig and completion activity.
News
February 20, 2024
The acquisition is anticipated to expand the Benchmark portfolio, adding approximately 140,000 net acres and approximately 470 operated production wells in the prolific Western Anadarko basin throughout the Texas Panhandle and Western Oklahoma.
News
February 18, 2024
Currently, the two wells are producing at a combined rate over 1,000 bopd. Morgan anticipates further increases as the wells continue flowback for the next few weeks.
