Top Story | Capital Markets | Capital Expenditure | Capital Expenditure - 2023
Top Haynesville E&P Cuts 2023 Drilling Program By 22%
Print
|
Comstock provided an updated 2023 development program. As we continue to see from numerous operators, capex either mostly unchanged while wells online / drilling is being reduced. We see this more so with the gas operators.
2023 Drilling Budget
In response to the current lower natural gas prices, Comstock is releasing two of its nine operated drilling rigs and currently plans to spend approximately $950 million to $1.15 billion in 2023 on drilling and completion activities primarily focused on the continued development of its Haynesville/Bossier shale properties and delineation of its Western Haynesville play. Comstock also expects to spend $75 million to $125 million on infrastructure, including upgrades to its Western Haynesville pipeline and processing facilities, and for other…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Capital Expenditure - 2023 News
Crescent Energy 4Q, Full Year 2022 Results; Maintenance Capital for 2023
Crescent Energy Company announced its financial and operating results for the fourth quarter and full year 2022 as well as its 2023 guidance. 2023 Outlook Crescent's 2023 outlook…
W&T Offshore Fourth Quarter, Full Year 2022 Results; 2023 Guidance
W&T Offshore, Inc. reported operational and financial results for the fourth quarter and full year 2022, including the Company's year-end 2022 reserve report. Guidance for 2023 was also…
Sitio Royalties Fourth Quarter, Full Year 2022 Results; IDs 2023 Guidance
Sitio Royalties Corp. announced operational and financial results for the quarter ended December 31, 2022. 2023 Guidance The table below includes Sitio's guidance for full year 2023. The…
Earthstone Energy Talks 2022 Results; Plans Five-Rig Program for 2023
Earthstone Energy, Inc. announced financial and operating results for the quarter and year ended December 31, 2022. 2023 Guidance The Company reaffirms its guidance released on February 16,…
Riley Exploration Permian 4Q22 Results; 2023 Capital Plan
Riley Exploration Permian, Inc. reported financial and operating results for the fourth quarter and year ended December 31, 2022. It also detailed its 2023 capital plans. 2023 Outlook…
Ark-La-Tex News
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Diversified Energy Striking While the Iron is Hot in East Texas
Transaction Summary Diversified Energy has entered into a definitive purchase and sale agreement to acquire high-working interest, natural gas producing assets in East Texas from Sheridan Production for…
Mitsubishi to Buy Aethon for ~$5.2B, Taking Scaled Haynesville Gas Platform
Mitsubishi Corporation has agreed to acquire Aethon (Aethon III LLC, Aethon United LP and related entities) for a total equity investment of approximately $5.2 billion, delivering Mitsubishi a…
Amplify Exits Haynesville and Cotton Valley
Amplify Energy announced a series of transactions that will result in a complete exit from its interests in East Texas for total anticipated combined consideration of $127.5 million.…
Ark-La-Tex - East Texas News
From Hedge Funds to Supermajors: Everyone Wants Hub-Linked Gas
TotalEnergies has signed a deal to acquire a 49% non-operated interest in Continental Resources’ Anadarko Basin natural-gas assets in Oklahoma—low-cost, long-plateau rock tied into existing midstream and well…
Comstock to Acquire Assets from Ovation Energy For $62.5 Million
Comstock Resources agreed to acquire substantially all of the assets of Ovation Energy, L.P. for $62.5 million, expanding its producing footprint across multiple U.S. natural gas basins. The…
Gas Players : A Comparative Analsysis
As part of our Operator Bits series, we decided to take a look at some gas players. Expand Energy, (Haynesville, Marcellus), EQT (Marcellus) , CNX (Marcellus/Utica), Comstock) Here's…
Expand Energy Talks, Wells, Frac Crews, Production For 2H-2025
In the second half of 2025, Expand Energy is not chasing production growth — it's engineering it. Fresh off record-setting drilling performance in Q2, the company is approaching…
Comstock Rides Higher Gas Prices, Operational Momentum in Q2 2025
Comstock Resources delivered a resilient second quarter, capitalizing on higher natural gas prices and solid well results across the Haynesville and Bossier plays. The company reported strong production…