Vine Oil & Gas LP (“Vine”) and GEP Haynesville, LLC (“GEP”) exchanged non-operated working interests in the majority of Vine and GEP’s joint venture assets located in Red River, DeSoto and Sabine parishes in Northwest Louisiana (the “Exchange”). The Exchange unwinds a material portion of the joint venture area of mutual interest and allocates to each party the entirety of ...

BOSSIER CITY, La. (AP) — Torrential rain pounded Louisiana for a fourth day Friday, leaving roads impassable, submerging cars and forcing people from their homes overnight. The Bossier City area across the Red River from Shreveport has taken the brunt of the storm that began saturating northern Louisiana late Tuesday. At least three people have died, and mandatory evacuations have ...

According to oil services company, Baker Hughes, recent North America rotary rig count, Haynesville has been busy. Three rigs were added this week for a total of 29 up from 26 just last week. Despite the recent increase, the count is down from 43 rigs last year, weighing in at a -14 percent decrease. Other rig numbers are on the ...

NEW YORK – Oil production from the fastest-growing U.S. shale plays is set to fall some 45,000 barrels per day to 4.98 million bpd in May from April, the first monthly decline in over four years, projections from the U.S. Energy Information Administration showed on Monday. The projected slip from 5.02 million bpd in April underscores how record crude production ...

The latest U.S. Energy Information Administration’s (EIA) monthly drilling report has revealed some very encouraging news for the Permian Basin, but as for other major shale plays—not so much. Among the Bakken, Eagle Ford, Haynesville, Marcellus and Niobrara shale plays, the Permian stood alone as the only shale to sustain continued oil production. According to the EIA’s March report, the ...

Yet another liquefied natural gas (LNG) company is looking to take advantage of low domestic natural gas prices by exporting the resource from its proposed facility in Louisiana. G2 LNG LLC filed two separate applications with the U.S. Department of Energy this week, one for authorization to export to Free Trade Agreement (FTA) nations and the other to non-FTA nations, ...

The slide in oil prices recently has been causing a noticeable trend with the amount of rigs accounted for among various shale plays throughout the United States. In fact, over the past three weeks, rig counts have seen substantial declines with over 90 rigs being shut down, according to Baker Hughes. Which raises the question. Which of the major shale ...

The Permian Basin’s rig count dropped by 20 to 548 last week, according to Baker Hughes weekly rig count.  District 8, which includes Midland County, is down 19 rigs to 316. Statewide the Texas rig count was down 24 rigs as of last week, bringing the total to 872. In Texas’ Eagle Ford shale the rig count dropped by two, ...

NEW YORK, Dec 8 (Reuters) – Oil production from the United States’ biggest shale plays is poised to keep expanding at the same breakneck pace into early next year, according to new U.S. projections released on Monday that highlighted a slow response to tumbling prices. Oil production from the three main plays – the Bakken, Eagle Ford and Permian Basin ...

According to a new report by the industry-funded Energy in Depth website, methane emissions fell over a two-year period between 2011 and 2013 at leading oil and gas fields across the U.S. Jennifer Hiller of the San Antonio Express-News reported “The report looked at EPA data on methane, a potent greenhouse gas that can leak from equipment into the atmosphere, ...