Early Innings: Uinta’s Oily Stacked Pay Exploration Only Just Starting
Operators are testing horizontal wells in less developed Uinta Basin zones, including the Douglas Creek, Castle Peak, Wasatch and deeper benches.
EIA Reports NatGas Rig Count Fall-Off in ’23, ’24
The U.S. Energy Information Administration’s report of a falling natural gas rig count backs up statements from producers in the Appalachian and Haynesville basins.
US NatGas Prices Jump 9% to 26-Month High on Record LNG Flows, Canada Tariff Worries
U.S. natural gas futures jumped about 9% to a 26-month high on record flows to LNG export plants and forecasts for higher demand.
ADNOC, OMV to Merge Petrochemical Firms to Create $60B Giant
The merged entity, Borouge Group International, is set to be the fourth largest polyolefins firm by production capacity, behind China’s Sinopec and CNPC, and U.S.-based Exxon Mobil, ADNOC Downstream CEO Khaled Salmeen told Reuters.
Expand’s Dell’Osso: US LNG Facilities May Fall Below Capacity in ‘26
CEO Nick Dell’Osso said Expand Energy wants to time drilling and completion spending and grow gas output to meet a flush LNG market.
Evolution Buys Non-Op Assets in New Mexico, Texas, Louisiana
Evolution Petroleum said the acquisition adds 254 gross producing wells across three states and includes 440 boe/d of net production.
PEDEVCO Enters Joint Development Agreement with D-J Basin E&P
PEDEVCO Corp.’s agreement with a private equity operator will develop drilling spacing units in the Denver-Julesburg Basin’s Weld County, Colorado.
US Natural Gas Prices Jump about 5% to 26-Month High on Record LNG Flows
U.S. natural gas futures jumped about 5% to a 26-month high on Tuesday on record flows to liquefied natural gas (LNG) export plants and forecasts for higher demand next week than previously expected. Front-month gas futures for April delivery on the New York Mercantile Exchange were up 18.5 cents, or 4.5%, to $4.307 per million …
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Trade Wars Erupt as Trump Hits Canada, Mexico, China With Steep Tariffs, Canada Immediately Retaliates
U.S. President Donald Trump’s new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, launching new trade conflicts with the top three U.S. trading partners. The tariff actions, which could upend nearly $2.2 trillion in two-way annual U.S. trade went live …
No Drivers Necessary: Atlas RoboTrucks Haul Proppant, Sans Humans
Atlas Energy Solutions and Kodiak Robotics have teamed up to put two autonomous trucks to work in the Permian Basin. Many more are on the way.