Articles filed under E&P

The U.S. natural gas rig count rose by one unit to 98 for the week ending Friday (Aug. 16), according to updated data from Enverus and Baker Hughes Co. (BKR).

Diamondback Energy Inc. is aiming to capture more value from the immense volumes of associated natural gas it produces as a byproduct of oil extraction in the Permian Basin, according to management.

Coterra Energy Inc. is planning to curtail about 275 MMcf/d of Marcellus Shale natural gas volumes from August through September because of expected low netbacks, according to management.

Devon Energy Corp. expects its Permian Basin natural gas production to increase along with its exposure to premium Gulf Coast pricing once the Matterhorn Express and Blackcomb pipelines enter service, according to management.

Calgary-based Tourmaline Oil Corp., the largest natural gas producer in Western Canada, has struck a deal to buy crosstown explorer Crew Energy Inc. to build its gas-heavy reserves In the Montney Shale.

The U.S. natural gas rig count fell by one to 97 units for the week ended Friday (Aug. 9), while an increase in oil rigs sent the combined domestic tally up two units to 588, according to updated Enverus and Baker Hughes Co. (BKR) data.

Multi-basin independent Gulfport Energy Corp., whose Lower 48 portfolio is 92% weighted to natural gas, is holding production flat to wait for stronger prices into 2025.

Spain’s Repsol SA hopes to take a final investment decision (FID) to develop a recently announced oil and gas discovery offshore Mexico within the next two years, according to CEO Josu Jon Imaz San Miguel.

The commercial start up of Western Canada’s first natural gas export project, LNG Canada, is going to lead to an uptick in Montney Shale drilling in 2025, according to Calgary-based Precision Drilling Corp.

Multi-basin exploration and production firm EOG Resources Inc. is maintaining its natural gas activity as it looks toward better demand dynamics next year, management said in its 2Q2024 earnings call.