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Energy Information Administration (EIA) delivered a sobering update on the Eagle Ford Basin—once a crown jewel of U.S. The report underscores a clear pivot: natural gas production growth in the Eagle Ford is expected to stall and decline into 2026 , primarily due to fewer drilling and completion activities planned by operators.
The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for natural gas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years. This will result in substantial demand growth for in-basin condensate volumes because of increased need for diluent.
In a new white paper titled What Remains: North American Upstream Inventory, energy private equity firm Kimmeridge outlines which shale basins have the best runway for returns over the next 10 yearsand why the spotlight is now turning to Canada. Gas-Weighted Play: Strong economics tied to growing LNG demand and export potential.
The company will gain exposure to both the liquids-rich and drygas windows, with firm transportation to premium marketsenhancing revenue predictability and price realizations. This deal now gives EOG three foundational plays: Delaware Basin, Eagle Ford, and Utica. Encino Acquisition appeared first on Oil Gas Leads.
Lets look at some of the key highlights: Anticipate a rise in oil production within the Western Canada Sedimentary Basin (WCSB). Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets. This could lead to an oversupply of cheap gas, putting downward pressure on AECO hub prices.
The transfer: Ensures regulatory transparency, Assigns operational responsibility for emissions control equipment, Signals strategic asset realignment in the basin. These sites were primarily permitted under the Permit by Rule (PBR) mechanism, streamlining approvals for routine oil and gas equipment. This isn’t just a formality.
The increase was primarily due to higher volumes in the Permian Basin and Eagle Ford as well as the addition of the Crestwood and WTG assets in November 2023 and July 2024, respectively. This was offset by lower IT utilization in drygas areas due to the lower gas prices and weaker spreads. Intrastate Natural Gas.
We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%). Data centers are learning a lot about the natural gas business and how critical it is to what they’re doing.
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. poised to expand LNG export capacity , interest in gassy basins has surged.
The Austin Chalkan overlying bench above the Eagle Ford Shaleis fast becoming the next big natural gas growth engine, with operators like EOG Resources, SM Energy, and Magnolia Oil & Gas ramping up development to meet rising LNG demand and domestic needs. poised to expand LNG export capacity , interest in gassy basins has surged.
oil, gas rig count falls Summary : The US oil and gas rig count fell by 1 to 592 this week, down 30 from the same time last year, with oil rigs remaining at 486 (down 18) and gas rigs decreasing to 101 (down 14). drygas production rose 2.1% Read more U.S. per barrel (up 1.22%) and Brent at $70.41 In response, U.S.
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