US energy report forecasts drop in Haynesville and Appalachia shale output but US oil production to hit records
The US government’s short-term energy report for June forecasts declines in natural gas production in the Haynesville and Appalachia shale basins before a rebound in 2025 backed by higher benchmark Henry Hub gas prices, while also forecasting annual record production in 2024 and 2025 for US crude oil.
Chesapeake Energy agrees takeover of Southwestern for $7.4Bln and to change name as largest US gas player
Chesapeake Energy Corp. said it would purchase smaller market rival Southwestern Energy Co. for $7.4 billion in an all-stock transaction creating a $24Bln company that will be the nation’s largest natural gas producer.
US shale gas producer EQT signs second LNG deal in Louisiana with Commonwealth project tolling accord
EQT Corp., the leading US natural gas producer in the Appalachia Shale Basin of the northeast US, said it was seeking overseas LNG customers after signing a second accord with a US Gulf Coast project and this time with the proposed Commonwealth LNG venture in Louisiana.
