The Haynesville is hot once again, said Chesapeake Energy Vice President Tim Beard, opening keynote speaker of Hart Energy's DUG Haynesville conference on Feb. 21. That sentiment is backed by statistics from the U.S. Energy Information Administration, which forecasts Haynesville production to rise to about 7 Bcf/d in 2018. At the conference, RBN Energy’s David Braziel added that Louisiana’s gas production from the greater Haynesville region could grow to 8 Bcf/d in the next five years. Meanwhile, Wood Mackenzie’s Robert Clarke told the packed conference that the Caspiana core area is the most economic portion for the Haynesville play today.
Three Rivers Operating Co. is being sold, nearly a year after it was put on the market. Riverstone Holdings said this week it agreed to the sale of "100% of the assets of Three Rivers’ Delaware Basin acreage position in Culberson and Reeves counties in Texas." Riverstone said that when the transaction closes, subsidiary Riverstone Energy Ltd. will realize gross proceeds of about $205 million dollars. Riverstone did not disclose the terms of the deal or the buyer.
The U.S. is forging ahead on its oil and gas exports pledge. Since the decades-old restrictions on crude exports was lifted U.S. companies have been shipping oil and natural gas to new markets around the world. Speaking at this week’s International Petroleum Week conference in London, U.S. Deputy Energy Secretary Dan Brouillette said the U.S. is poised to become a net energy exporter within the next decade. The Energy Department’s annual outlook pinpoints 2022 as a specific target date.
Sources:
Recommended Reading
ChampionX to Acquire RMSpumptools, Expanding International Reach
2024-03-25 - ChampionX said it expects the deal to extend its reach in international markets including the Middle East, Latin America and other global offshore developments.
Beacon Offshore Divests Non-op Gulf of Mexico Interests
2024-04-05 - Beacon Offshore Energy said that with its non-op assets divested, it would turn all of its focus to its Shenandoah and Winterfell assets in the Gulf of Mexico.
Turnco Buys Drill Spec Services to Enhance OCTG Capabilities
2024-04-09 - Turnco said the integration of Drill Spec’s assets will expand its service offerings in West and South Texas.
The JF Petroleum Group Acquires General Contractor GE Goodson Service
2024-04-15 - Following the transaction, GE Goodson will operate as The JF Petroleum Group’s Midland branch on a go-forward basis.
Energy Systems Group, PacificWest Solutions to Merge
2024-04-17 - Energy Systems Group and PacificWest Solutions are expanding their infrastructure and energy services offerings with the merger of the two companies.