Is More Lower 48 Supply on the Horizon for U.S. Natural Gas Markets? – Listen Now to NGI’s Hub & Flow

Whitehawk Energy LLC announced it closed on the acquisition of mineral and royalty interests in the Marcellus Shale spanning about 435,000 gross unit acres.

The U.S. natural gas rig count declined by one unit to 96 for the week ended Friday (Sept. 20) as drilling slowed ahead of the fall shoulder season, according to updated Enverus and Baker Hughes Co. (BKR) data.

A North Dakota district judge has temporarily blocked a Biden administration rule that would require U.S. exploration and production (E&P) companies to reduce natural gas flaring from wells on federal and tribal lands.

Permian Basin heavyweight Diamondback Energy Inc. is adding 3,727 mineral and royalty acres to its portfolio in transactions estimated to be worth more than $1 billion.

Chevron Corp. CEO Mike Wirth is calling out the Biden administration for taking cheap shots on the natural gas industry, urging that a directive be lifted that has deferred approvals of some U.S. LNG projects.

All signs point to North America becoming the worldwide price setter for natural gas, ConocoPhillips CEO Ryan Lance said Tuesday.