As far back as I can remember I’ve always heard that as a mineral owner you always want to take the highest...
Longpoint Minerals II, Llc, Limited Liability Company just filed Form D announcing $334.95 million equity financing. This is a new filing. Longpoint Minerals...
A cluster of earthquakes in Oklahoma earlier this month helped push the state to 62 temblors this year alone of magnitude 3.0...
The data in this report is compiled and provided by Oseberg, a next-generation oil & gas information and data analytics company that offers...
Texas gains 8, Oklahoma down 1 rig as U. S. rig count rises to 1,013 Oil prices were steady on Monday as...
The great Permian Basin land rush is over. With the top acreage gobbled up, few companies are staking new claims. Instead, the...
ConocoPhillips announced this week that it made three new oil discoveries on the Western North Slope in Alaska. Showing a promising future...
Bloomberg is reporting that bottlenecks on the U.S. natural shale gas superhighway are starting to stack up, raising concerns about whether the...
Texas gains 3, Oklahoma up 2 rigs as U. S. rig count rises to 1,008 U.S. energy companies added oil rigs for...
The data in this report is compiled and provided by Oseberg, a next-generation oil & gas information and data analytics company that offers...
Coterra Energy has recently released its last Marcellus Shale rig and may suspend well completions in the area. CEO Tom Jorden announced at a conference that the company currently has no active rigs in the Marcellus, with only one frac crew remaining. Once this crew finishes its work, Coterra may halt all completion activities in the region.
The company is shifting its capital towards more liquids-rich areas such as the Permian and Anadarko basins. This strategic move comes as low gas prices negatively impact exploration and production companies focused on natural gas. Coterra, formed from the merger of Cimarex Energy and Cabot Oil & Gas, is leveraging its diverse portfolio to adapt to market conditions.
Coterra's decision to potentially pause operations in the Marcellus is significant given the company's historical involvement in the play. Cabot Oil & Gas, now part of Coterra, was an early developer of the horizontal Marcellus play, following Range Resources, which is credited with discovering the play in 2007. As of the end of 2023, Coterra held approximately 186,000 net acres in the Marcellus dry gas window, primarily in Susquehanna County, Pennsylvania.
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Chris Matthews from Hart Energy, who covers the North American upstream shale energy industry...
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