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Tag Archives: Haynesville

Chesapeake sells Haynesville assets for $450m

Chesapeake

Chesapeake Energy Corp. (NYSE: CHK) will sell a portion of its acreage and producing properties in northern Louisiana’s Haynesville Shale for about $450 million, the Oklahoma City-based company announced Dec. 5, according to a recent article in the Houston Business Journal. While the HBJ said the buyer was undisclosed, Reuters sources revealed the buyer as Indigo Minerals LLC, a competing natural gas producer. ...

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NARO and ShaleCast announce alliance to educate shale owners

NARO and ShaleCast announce alliance to educate shale owners

April 20, 2016 (Chicago, Illinois) – The National Association of Royalty Owners (NARO) and ShaleCast.com today announced an alliance to assist landowners participating in the shale revolution. “We believe this platform can be a game changer for the millions of royalty owners generated by the shale boom,” said Jerry Simmons, executive director of NARO.  Simmons added, “For nearly 40 years, NARO ...

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Louisiana energy headlines for Jan. 25

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Bonnet Carre Spillway to close Feb. 2 Gates on the Bonnet Carre  spillway could be completely closed by Feb. 2, reports the Advocate. The U.S. Army Corps of Engineers opened the spillway Jan. 10, only the 11th time it’s been in operation since completion in 1927 after a flood devastated the area. The spillway is used to divert water from ...

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2 new natural gas facilities proposed for Louisiana

natural gas

NEW ORLEANS — Two companies are looking at building large facilities along the Mississippi River south of New Orleans where they can export natural gas to the world market, another sign of the expanding footprint of the natural gas industry in Louisiana. Until now, the area around Lake Charles has been the center of a boom in the market to ...

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America Resources Exploration arrives in Haynesville

louisiana wetlands

Notice a lot of down and out oil companies lately looking to divest their assets? That’s exactly where you’ll find America Resources Exploration, Inc. (AREN) looking as it seeks to acquire new assets. It’s a successful strategy if a company can afford it. Buy while prices are low. America Resources recently purchased in two gas wells in Shelby County, Texas. ...

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Encana looking for buyers, seeks to exit Haynesville

Getty Images via Newscred

Encana Corp is looking to tighten its portfolio to focus on its key areas in Texas and Canada, but that means getting rid of assets which don’t fall within those areas. Unfortunately, that includes the company’s acreage in the Haynesville Shale. According to Bloomberg, sources have stated that the Canada-based company is looking for prospective buyers for its Louisiana assets, ...

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Matador to sell 7 million shares in public offering

Matador_Logo_webready1-620x330

Matador Resources Co. (NYSE:MTDR) announced today that it has decided to make a big leap in business and start a public offering of common stock. In order to repay outstanding debt and fund future capital expenditures in a market that is being forced to tighten its belt several notches at a time, Matador is offering 7 million shares of common ...

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Eagle Ford continues to see rigs drop

Photo: Eddie Seal/Bloomberg

Rigs are continuing to drop like flies. Low oil prices are a major cause, but companies also cite the increases in efficiencies that have prompted them to lay some rigs idle. While oil prices have been up and down, and all around $50 per barrel, the latest data released from Baker Hughes shows a decline in active rigs all over ...

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Rig count drops in the Permian

AttrOilRig

The Permian Basin’s rig count dropped by 20 to 548 last week, according to Baker Hughes weekly rig count.  District 8, which includes Midland County, is down 19 rigs to 316. Statewide the Texas rig count was down 24 rigs as of last week, bringing the total to 872. In Texas’ Eagle Ford shale the rig count dropped by two, ...

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UPDATE-U.S. shale output still surges, to add 103,000 bpd by Jan-EIA

Getty Images via Newscred

NEW YORK, Dec 8 (Reuters) – Oil production from the United States’ biggest shale plays is poised to keep expanding at the same breakneck pace into early next year, according to new U.S. projections released on Monday that highlighted a slow response to tumbling prices. Oil production from the three main plays – the Bakken, Eagle Ford and Permian Basin ...

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