Articles filed under Shale Plays

BP plc’s U.S. natural gas and oil portfolio, both onshore and offshore, have the potential to sharply increase reserves in the coming years, according to CEO Murray Auchincloss.

North Dakota produced 3.51 Bcf/d of natural gas in May, up 0.5% from April, despite a 3.9% month/month decline in oil output and an oversupplied gas market.

Aethon Energy Management LLC overtook Ascent Resources LLC as the Lower 48’s top privately held natural gas producer in 2023, according to new research by Enverus.

North Dakota’s natural gas production growth surpassed that of oil in April, reflecting rising gas-to-oil ratios (GOR) in the Bakken Shale formation, the state’s top oil and gas regulator said.

EQT Corp., the largest natural gas producer in North America, scaled back output earlier this year in response to low prices amid a mild winter. However, with forecasts for sizzling summer heat domestically and abroad, CEO Toby Rice said the Pittsburgh-based company has started to bring back the 1 Bcf/d curtailed in late February.