Updated Sep 25, 2024
9/25/24
Houston-based EOG Resources Inc. has for years remained a top dog among Lower 48 explorers, with a cache of gassy and oily targets from which to pick and choose. The diversified portfolio has provided assurance when prices are high or low, a top executive said.
ConocoPhillips said Thursday that it would earmark more spending this year to cover rising costs across its U.S. onshore portfolio, more partner-operated activity and higher expenses in Alaska as it advances the Willow oil project there.
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.
The U.S. natural gas rig count rose by three units to 103 for the week ending Friday (July 19) as drilling activity picked up, according to updated Enverus and Baker Hughes Co. (BKR) data.
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.
Japan’s Mitsui & Co. Ltd. is continuing to build out its Lower 48 natural gas-weighted holdings after clinching another acquisition in the Eagle Ford Shale of South Texas.
Houston-based Crescent Energy Co. has agreed to tie-up with cross-town rival SilverBow Resources Inc. to create one of the largest exploration and production companies in the Eagle Ford Shale of Texas, loaded with natural gas, liquids and oil opportunities.
Multi-basin exploration and production firm EOG Resources Inc. is managing its natural gas program to align with demand dynamics, management said in its first quarter earnings call.
Lower 48 oil and gas permitting requests increased in March, up 26% over February, according to a compilation of federal and state data compiled by Evercore ISI.
Privately held exploration and production (E&P) firms in the Eagle Ford Shale and Midcontinent regions could prove attractive targets for public producers seeking exposure to future strengthening of natural gas prices, according to Enverus Intelligence Research (EIR).