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The rise of LNG and gas exports and proximity to the Gulf Coast keep the Haynesville Shale play attractive.
Continental Resources’ SpringBoard project focuses on the Springer, Sycamore and Woodford reservoirs of Oklahoma’s Scoop play.
Chevron is benefiting from its large acreage position in the Permian Basin and technology as it works to grow production to 650,000 boe/d by year-end 2022.
Redirecting attention to 2019, this seems an appropriate time to identify some early signposts for the year ahead.
EQT, one of the biggest natural gas producers in the U.S. with a large footprint in the Appalachian region, plans to run six frack crews and seven rigs this year.
A Permian standard is emerging after experimentation during a decade of drilling the basin’s multiple unconventional shales has found diminishing returns, says CEO of reserve evaluation firm Haas Engineering.
The Anadarko Basin’s Simpson shale formation is being called “one of the biggest yet-to-be-developed shale plays in the United States.”
As baseball legend Yogi Berra once said, ‘It’s tough to make predictions, especially about the future.’
Williston Basin activity has rebounded from the 2014 market crash and production rates are climbing higher.
Activist investor Elliott Management offered to buy oil and gas producer QEP Resources in an all-cash deal valued at $2.07 billion, saying that the company is "deeply undervalued."
Overall, 2018 was the Year of Consolidation as several E&Ps agreed to merge throughout the U.S., including inside and outside the prolific Permian Basin.
Hess anticipates the completions design will help grow its Bakken production to about 200,000 barrels of oil equivalent per day by 2021.