Articles tagged E&P

Chesapeake Energy Corp. signaled Tuesday that it would continue to curb natural gas output until prices improve under a plan that was announced earlier this year.

North American upstream activity remained sluggish through the first half of the year, with little optimism things would change before 2025, according to an industry survey.

Domestic natural gas-weighted production continued to be curtailed during the second quarter to wait out better pricing, but as Gulf Coast LNG projects near completion, could Lower 48 activity increase? Second quarter results may tell the tale.

Dealmaking among U.S. natural gas and oil operators is showing few signs of slowing, as consolidation is giving rise to the question of how long the industry revamp would continue.

Drops in natural gas production, declining storage surpluses and stronger summer weather demand in the Lower 48 and abroad all line up in bulls’ favor. These factors could prop up prices through the cooling season and potentially longer, a cadre of analysts agreed this week.

Mexican conglomerate Grupo Carso SAB has signed a deal with state utility Comisión Federal de Electricidad (CFE) to build and operate a natural gas pipeline in the northwestern portion of the country.

Oil and natural gas activity across the most prolific area of the Lower 48 in Louisiana, New Mexico and Texas moderated in the final three months of the year, as natural gas production edged up slightly and oil output slowed down.

The Canadian oil and natural gas well count – chiefly in Alberta, British Columbia and Saskatchewan – will rise to 6,229 in 2024 from 5,748 this year, according to an annual fall forecast by the Canadian Association of Energy Contractors (CAOEC).

Driven by the Permian Basin, oil production out of seven key U.S. onshore regions is set to grow from May to June, while natural gas production is on track to decline, according to the updated projections from the Energy Information Administration (EIA).

Denver-based Ovintiv Inc. streamlined the business during 1Q2021 to focus only on the Anadarko, Montney and Permian basins as it eyes slashing debt to appease restless investors.