Ovintiv Keeping Eye on Natural Gas Prices as Shut-ins Reduce Output by 65,000 Boe/d

Ovintiv Keeping Eye on Natural Gas Prices as Shut-ins Reduce Output by 65,000 Boe/d

Denver-based Ovintiv Inc., whose broad oil and natural gas portfolio runs across the Permian and Anadarko basins and the Montney formation in Canada, is shelving some onshore work in the Eagle Ford, Bakken, Uinta and Duvernay formations, but it’s keeping a sharp eye on the direction of natural gas prices to determine when to boost activity.

May 11, 2020

U.S. Set Records for Proved Natural Gas, Oil Reserves and Production in 2018

U.S. crude oil and lease condensate proved reserves increased by 12% in 2018 compared with 2017, and natural gas proved reserves rose 9% year/year, setting new records, according to data from the Energy Information Administration (EIA).

December 13, 2019

Canadian NGL Production Forecast to Surge in Coming Years

Liquid byproducts stand out as a growth item in an otherwise flat outlook for Canadian natural gas, according to two new industry reviews.

November 13, 2018

Encana Claims ‘Virtually No Exposure’ to Midland Oil Pricing Through 2018

Encana Corp.’s second quarter performance was highlighted by its continued liquids growth in the North American onshore, with output from the Permian Basin climbing 43% and Montney production jumping 128%.

August 1, 2018

ExxonMobil, Plains Eyeing Permian-to-Gulf Coast Pipeline

A plethora of Permian Basin crude oil and condensate pipeline projects can welcome another to the mix as ExxonMobil Corp. and Plains All American Pipeline LP are pondering a joint venture to transport more than 1 million b/d to the Texas coast.

June 12, 2018

Eclipse to Cut Spending As Natural Gas Price Outlook Dims

The grim outlook for natural gas prices, along with management’s desire to protect the balance sheet, has prompted Eclipse Resources Corp. to cut its full year capital expenditures forecast by 20%.

May 7, 2018

Eclipse Resources Hires Financial Adviser for Strategic Review

Appalachian pure-play Eclipse Resources Corp. said this week that it is exploring a “full range” of strategic, operational and financial alternatives to maximize shareholder value.

March 27, 2018

Eclipse Targeting More Appalachian Condensate, Even Longer Laterals in 2018

As the year gets into full swing, Appalachia-focused Eclipse Resources Corp. is turning back to its condensate acreage in Ohio, where it plans to keep drilling longer laterals.

February 2, 2018

New Wells Put Rex Energy on Track to Meet Production Guidance

Rex Energy Corp. turned 12 wells to sales during the third quarter in western Pennsylvania that put it on target to meet quarterly and full-year guidance after production snags hampered volumes in 2Q2017.

September 19, 2017
MPLX Expansions Moving More Utica Liquids to Midwest Refineries

MPLX Expansions Moving More Utica Liquids to Midwest Refineries

MPLX LP has completed a series of expansion projects to pair more Utica Shale liquids with refineries in the Midwest.

July 10, 2017
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