WhiteHawk Adds to Natural Gas Mineral, Royalty Empire with Marcellus Acquisition
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.
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.
European natural gas prices moved higher on Monday as tensions rose in the Middle East and Ukraine.
Weekly natural gas cash prices were led higher by hubs in the Permian Basin flipping positive as all regions except Canada posted gains in the latest trading period.
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.
After rising to the highest level since July, natural gas futures drifted into the negative in afternoon trade on Tuesday as the market searched for fundamental support to hold onto gains.
Despite a rally to launch the trading week, prompt month natural gas futures could soon face technical resistance.
Natural gas futures probed lower to kick off the new week as forecasts called for fading cooling demand and production recovered some ground from the lows of the prior week.
The U.S. natural gas rig count rose by three units to 97 for the week ending Friday (Sept. 13), according to data from Enverus and Baker Hughes Co. (BKR).
APA Corp. is selling natural gas and oil properties in the Permian Basin for $950 million to high grade and focus on the U.S. asset base, CEO John J. Christmann Jr. said.
Click here to listen to the latest episode of NGI’s Hub and Flow in which NGI’s Patrick Rau, senior vice president for Research & Analysis, delves into forecasts for publicly traded U.S. natural gas producer activity next year.