When rigs return to the energy patch, it doesn’t just mean more oil and natural gas production, they bring with them increased economic activity to the regions where they operate, as the nation’s Federal Reserve banks have noted recently.
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U.S. Gains 10 Rigs as Recovery Continues
The United States saw a net gain of five oil and five natural gas rigs during the week just ended. More than twice as many oil rigs are operating as there were one year ago, and natural gas rigs are up by 90% from their year-ago tally.
April 21, 2017
Cheniere Giving Itself Room to Grow, Adding Acreage to Existing Sites
U.S. Lower 48 liquefied natural gas (LNG) first-mover Cheniere Energy has been positioning itself for the next wave of demand, securing additional acreage at existing terminal sites and planning for a “mid-scale” liquefaction project, analysts following the company were told Wednesday.
April 20, 2017
Mexico, LNG, Lifting Kinder Morgan Throughput as Permian Awaits
Increased natural gas transport volumes helped to lift Kinder Morgan Inc. (KMI) results during the first quarter as the company looks ahead to opportunities on the gas side from liquefied natural gas (LNG), exports to Mexico, as well as new Permian Basin takeaway capacity.
April 20, 2017
‘Wind at Backs’ of Texas Oil/NatGas Producers For First Time in Three Years
The Lone Star State’s oil and natural gas industry is back in another growth cycle after a three-year downturn, according to the economist who compiles the Texas Petro Index (TPI), a barometer of industry activity.
April 19, 2017
Texas Oil/NatGas Industry Posts Fourth Straight Month of Recovery
The Lone Star State’s oil and natural gas industry is back in another growth cycle after a three-year downturn, according to the economist who compiles the Texas Petro Index (TPI), a barometer of industry activity.
April 19, 2017
Hilcorp Fixes Leaking Cook Inlet NatGas Line
A leaking natural gas line in the Middle Ground Shoal area of Alaska’s Cook Inlet was sealed late last week, pipeline operator Hilcorp Alaska LLC said.
April 17, 2017
Williams Selling Geismar Olefins Plant to Nova For $2.1B
Williams Partners LP is selling all of its interest in Williams Olefins LLC, which owns an 88.46% stake in the Geismar, LA, olefins plant and associated complex, to Nova Chemicals for $2.1 billion in cash.
April 17, 2017
Alaska Pipeline, LNG Project Filed at FERC
The Alaska Gasline Development Corp. (AGDC) on Monday filed its Natural Gas Act Section 3 permit application with FERC for for the Alaska LNG Project, a pipeline and natural gas liquefaction project that would commercialize Alaska’s stranded North Slope gas reserves.
April 17, 2017
Sabine Pass LNG Exports Reached New High in February
Sabine Pass Liquefaction LLC sent out 15 liquefied natural gas (LNG) cargos from its terminal in Louisiana during February, according to the latest data available from the U.S. Department of Energy (DOE).
April 17, 2017