natural gas production – Oil & Gas 360

Argentina’s shale boom propels it past Colombia in oil output

December 31, 2025

(Oil Price)– Argentina, in a surprise development, overtook Colombia to become South America’s fourth-largest oil producer. The country is undergoing a once-in-a-generation unconventional hydrocarbon boom, which began with Buenos Aires nationalizing integrated energy major YPF in 2012. Since then, Argentina’s oil and natural gas output has kept soaring higher, regularly hitting new monthly highs as volumes of shale oil and gas

Condor Energies begins multi-well gas drilling campaign in Uzbekistan

September 24, 2025

(World Oil) – Condor Energies has launched a multi-well drilling program in Uzbekistan as the Canadian independent looks to expand natural gas production and reserves across its portfolio in Central Asia. The campaign begins with a vertical well targeting producing carbonate reservoirs and deeper stacked clastic and basement formations at around 3,000 meters. Drilling and evaluation of the well are

Ecopetrol targets Brazil’s onshore oil and gas, eyes Petrobras Bahia Terra cluster

September 19, 2025

(World Oil)– Colombian oil producer Ecopetrol SA is pursuing oil and gas deals in Brazil that could include a cluster of onshore Petrobras fields in the northeastern state of Bahia. “We believe that Brazilian onshore has great potential, especially in natural gas,” Jorge Martínez, the head of Ecopetrol’s operations in Brazil, said in an interview from the company’s offices in

EQT calls on congress to slash gas project approval times

July 21, 2025

(Oil Price)– The chief executive of gas major EQT has called on legislators to reduce the length of the approval process for new natural gas infrastructure in order to boost the competitiveness of U.S. energy. In an interview with the Financial Times, Toby Rice said that “The threat of not getting infrastructure built has only gotten larger — not only from bad

Freeport LNG export plant in Texas on track to return to full power, LSEG data shows

July 17, 2025

(BOE Report)– U.S. liquefied natural gas company Freeport LNG’s export plant in Texas was on track to take in more natural gas on Thursday, two days after one of the plant’s three liquefaction trains shut, according to a company filing with state regulators and gas flow data from financial firm LSEG. Freeport told Texas environmental regulators on Wednesday that

NG Energy expects “eight-fold” increase in Colombian natural gas production in 2024

September 29, 2023

World Oil (Bloomberg) – NG Energy International Corp. expects an eight-fold boost in its natural gas production in Colombia after a new field begins production next year. The Toronto-based company sees its natural gas production rising to 60 MMcfd in the third quarter of 2024 as its Sinu-9 block comes online in the Lower Magdalena basin, according to Chief Financial

Chesapeake Energy achieves grade “A” recertification for natural gas production across Marcellus operations

July 17, 2023

World Oil (WO) – Chesapeake Energy Corporation has achieved recertification of its natural gas production across the entirety of its Marcellus operations, which averaged approximately 4.4 Bcf of gross natural gas per day during the first quarter of 2023. The company received a grade A under the MiQ methane emissions standard and a grade A- from Equitable Origin’s EO100 Standard

LOGOS Energy achieves “record-breaking” natural gas production from Mancos shale

May 16, 2023

World Oil (WO) – LOGOS Energy, LLC, a North Hudson Resource Partners LP portfolio company, has brought online a San Juan Basin record breaking natural gas well in the Mancos shale, building on its repeated 2021 and 2022 successes in the play and continuing the responsible development of a burgeoning new source of American natural gas supply. The peak month

Texas natural gas production falls as freezing weather sets in

January 21, 2022

World Oil (Bloomberg) –Texas natural gas production dropped for the second time this month because of freezing temperatures settling over the state. Output on Thursday was down 6.2%, according to preliminary BloombergNEF data based on pipeline flows. That’s the biggest decline since Jan. 2, when a similar blast of frigid air curbed supplies. “It’s a safe assumption to call freeze-offs,”

U.S. shale oil output to drop 136,000 bpd to 7.44 million bpd in Jan – EIA

December 15, 2020

Reuters NEW YORK – U.S. oil output from shale formations is expected to decline by about 136,000 barrels per day (bpd) in January to 7.44 million bpd, the lowest since June, the U.S. Energy Information Administration (EIA) said in a monthly forecast on Monday. Output at nearly all seven major formations is expected to fall, except from the Haynesville region,

U.S. natgas output, demand to fall in 2020 from peaks due to coronavirus: EIA

September 9, 2020

Reuters U.S. natural gas production and demand will drop in 2020 from record highs last year as coronavirus lockdowns cut economic activity and energy prices, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Wednesday. The EIA projected dry gas production will drop to 89.88 billion cubic feet per day (bcfd) in 2020 and

Natural gas is one of the few trades that hasn’t worked on Wall Street, down 50% in 12 months

December 3, 2019

CNBC Pretty much every trade has worked on Wall Street this year except one: natural gas. Futures prices fell to a one-month low on Friday after plunging more than 12% for the week. The commodity is currently trading around $2.34 per million British thermal units, which is nearly 50% below where it traded a year earlier. It’s down 21% for 2019. Excess

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