Articles tagged Haynesville

Comstock Resources Inc., one of the most prolific natural gas producers in the Haynesville Shale, has dropped rigs, cut completion crews and suspended the quarterly dividend to wait out more favorable commodity prices.

BP plc’s U.S. natural gas and oil portfolio, both onshore and offshore, have the potential to sharply increase reserves in the coming years, according to CEO Murray Auchincloss.

A second Louisiana court has sided with Williams in its dispute with Energy Transfer LP over natural gas pipeline crossings, clearing another obstacle for the Louisiana Energy Gateway (LEG) system that would supply LNG export terminals.

Aethon Energy Management LLC overtook Ascent Resources LLC as the Lower 48’s top privately held natural gas producer in 2023, according to new research by Enverus.

An increasing number of construction-related issues at major LNG projects this year has kept a demand-hungry natural gas market wary of delays, but analysts say price and production forecasts remain mostly intact – so far.

Energy Transfer LP and Momentum Midstream LLC have settled a dispute over pipeline crossings in Louisiana, allowing Momentum to proceed with a gathering project to supply Gulf Coast LNG exports.

The U.S. Energy Information Administration (EIA) is projecting a Henry Hub natural gas spot price average of $2.50/MMBtu for 2024, up 13% from the average price the agency modeled last month.

Tellurian Inc. on Wednesday gained a lifeline for its stalled Driftwood LNG project in Louisiana after Aethon Energy Management LLC agreed to buy the Haynesville Shale portfolio and become a stakeholder in the still-unsanctioned Gulf Coast export facility. 

Combined natural gas production from seven key Lower 48 plays is expected to ease lower in June, with declines from gas-weighted plays continuing to offset increasing associated output from the Permian Basin, according to updated projections from the U.S. Energy Information Administration (EIA).

BP plc will continue to pump out “prolific” natural gas volumes from the Haynesville Shale as hedges are in place pricing the supply at around $4.00/Mcf through this year, CEO Murray Auchincloss said Tuesday.