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The Williston Basin’s Bakken and Three Forks formations within Montana and North Dakota contain substantial natural gas and oil reserves yet to be
Southwestern Energy has agreed to acquire Indigo Natural Resources. Southwestern Energy Co. (NYSE: SWN) reported Wednesday that it has agreed to acquire Haynesville Shale producer Indigo Natural Resources, LLC for approximately $2.7 billion. “This acquisition enhances Southwestern’s position as a leading natural gas producer and aligns with our disciplined strategy to generate free cash flow, enhance our balance sheet, optimize performance, and build scale,” Bill Way, Southwestern’s president and CEO, remarked in a written statement emailed to Rigzone. “Indigo has done a terrific jo...
Abstract The timing of regional deformation of the turbiditic Silurian–Devonian Hill End Trough in the northeastern Lachlan Orogen has been a contentious issue with one view ascribing the regional north–south folds and axial planar foliation to Middle Devonian basin inversion. Alternatively, it has been argued that given the low-angle discordance between Lower and Upper Devonian units on the Capertee and Molong highs, and the development of a dominant episode of folding mapped from the Hill End Trough into the adjoining highs, the major regional deformation is latest Devonian to early Car...
The natural gas storage report from the EIA for the week ending April 23rd indicated that the amount of natural gas held in underground storage in the US rose by 15 billion cubic feet to 1,898 billion cubic feet by the end of the week, which left our gas supplies 302 billion cubic feet, or 13.7% below the 2,200 billion cubic feet that were in storage on April 23rd of last year, and 40 billion cubic feet, or 2.1% below the five-year average of 1,938 billion cubic feet of natural gas that have been in storage as of the 23rd of April in recent years....the 15 billion cubic feet that were added t...
Appalachian Natural Gas, Coal Produce Most Methane in U.S., Kayrros Says New measurements released last week by Kayrros quantifying emissions across the Appalachian Basin show the region is the biggest source of methane in the United States. Kayrros, which uses satellites and other methods to track emissions, said methane from Appalachia exceeds even the country’s most active oil and gas fields in the Permian Basin. But Pennsylvania, Ohio, West Virginia and Kentucky are home to prolific natural gas and coal production. Methane emissions from the resources combine to outweigh those from othe...