Operators are testing horizontal wells in less developed Uinta Basin zones, including the Douglas Creek, Castle Peak, Wasatch and deeper benches.

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.

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.

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.

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 Petroleum said the acquisition adds 254 gross producing wells across three states and includes 440 boe/d of net production.