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Louisiana: in Top U.S. NG Producing States. Some Grow Faster
09/11/2017
Louisiana ceased to be the top 2nd U.S. state by NG production in 2013. Pennsylvania and Ohio are taking the lead now.
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LIVE: Permian Highlights Discussed Online by Rextag (Hart Energy) Data Experts
How has the Permian basin been performing recently? Does production keep growing? Who are the top market players? Find out with Rextag data experts.
U.S. Crude Breakevens at Less Than $50/Bbl - Pipelines Help
U.S. Shale Breakevens now at $50 instead of $68/bbl. Pipeline management (field and maintenance data), as well as new projects introduced lower operation costs and provide path to future industrial success.
Kinetik Holdings recently announced a series of transactions in the energy sector. They struck a deal to buy Durango Permian infrastructure for $765 million. At the same time, they're selling their 16% share in the Gulf Coast Express Pipeline to ArcLight Capital Partners for $540 million. The total purchase cost includes $510 million in cash paid immediately and an additional $30 million that will be paid later, depending on whether they decide to expand further.
Recently, the Permian has seen significant acquisitions: Exxon Mobil purchased Pioneer Natural Resources for about $60 billion. Diamondback Energy's $26 billion deal to acquire Endeavor Energy Resources is currently on hold due to requests from the U.S. Federal Trade Commission. Occidental’s acquisition of CrownRock for $12 billion in the Midland.
EOG Resources is pushing boundaries in Ohio's Utica oil play and now drilling on the Sable pad, also located in Noble County. This site features the 3.7-mile lateral currently under construction. The company's first multi-well pads in the area Timberwolf and Xavier have each produced over 200,000 barrels of oil since their inception—Timberwolf in August and Xavier in October. A third site, the four-well White Rhino pad in Noble County, is also showing promising early results, according to Keith Trasko, EOG’s Senior Vice President of Exploration and Production, who noted the wells are performing as expected in their initial weeks.