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Texas State Senator Charged With Bilking Investors in Frack Sand Company

Texas State Sen. Carlos Uresti (D-San Antonio) and two others have been indicted for an alleged Ponzi scheme to market sand for hydraulic fracturing (fracking).

May 17, 2017
Sabine Pass LNG Exports Declined in March

Sabine Pass LNG Exports Declined in March

Exports of U.S. liquefied natural gas from the Sabine Pass terminal in Louisiana declined from February to March…

May 16, 2017
BHP’s U.S. Petroleum Business Should Still Go, Activist Says

BHP’s U.S. Petroleum Business Should Still Go, Activist Says

BHP Billiton Ltd. concedes that its investment in U.S. shale plays was poorly timed but wants to make a go of it with cost-cutting and increased efficiencies. Meanwhile, an activist investor targeting the Australian mining conglomerate for reform would still like to see the U.S. petroleum business jettisoned.

May 16, 2017
U.S. LNG Exports Set New High in February, DOE Data Show

U.S. LNG Exports Set New High in February, DOE Data Show

During February U.S. exports of liquefied natural gas (LNG) edged up by 800 MMcf from January to reach a new high of 52 Bcf, according government data. Meanwhile, some researchers see headwinds to growing gas imports by No. 3 U.S. LNG importer China and No. 5 India.

May 15, 2017

Sanchez Production Becoming Sanchez Midstream Partners

Houston-based Sanchez Production Partners LP (SPP) plans to change its name to Sanchez Midstream Partners LP as it completes its transformation to a midstream company.

May 15, 2017
Enbridge Mulling $1B Expansion Targeting Montney/Duvernay NatGas

Enbridge Mulling $1B Expansion Targeting Montney/Duvernay NatGas

Growing natural gas production from the Montney and Duvernay shales has Enbridge Inc. planning an expansion of its British Columbia Pipeline T-South system to deliver 190 MMcf/d into the Huntingdon/Sumas market at the Canadian-U.S. border.

May 12, 2017
Oil Rigs Gain as Permian, Texas Lead Additions

Oil Rigs Gain as Permian, Texas Lead Additions

Compared with one year ago, the U.S. land-based rig count is up 125% as drillers continue returning to their favorite shale patches. Over the same period, the U.S. offshore rig count has languished, up two units during the week ending Friday but still down by one rig from a year ago, according to Baker Hughes Inc.

May 12, 2017
Rigs Wet Their Bits in Oil But Mostly Keep Their Feet Dry

Rigs Wet Their Bits in Oil But Mostly Keep Their Feet Dry

Compared with one year ago, the U.S. land-based rig count is up 125% as drillers continue returning to their favorite shale patches. Over the same period, the U.S. offshore rig count has languished, up two units during the week ending Friday but still down by one rig from a year ago, according to Baker Hughes Inc.

May 12, 2017
Agreement Calls For Long-Term LNG Contracts Between China, U.S. Suppliers

Agreement Calls For Long-Term LNG Contracts Between China, U.S. Suppliers

An agreement announced Thursday between the United States and China to advance economic cooperation could have implications for liquefied natural gas (LNG) trade between the two countries.

May 12, 2017

Tellurian Marketing LNG From Planned Driftwood Terminal

Liquefied natural gas (LNG) terminal developer Tellurian Inc. has been marketing LNG from its first proposed terminal and has received “positive feedback” from prospective customers, CEO Meg Gentle said.

May 11, 2017