Curtailment

EQT Corp., the largest natural gas producer in the Lower 48, said Thursday it has ended another round of curtailments, but management said it won’t hesitate to continue shutting in volumes as low prices warrant.  The Appalachian pure-play had curtailed about 400 MMcf/d beginning Sept. 1, cutting 15 Bcf from third quarter production volumes. The…

Although global oil demand has come roaring back to about 89% of pre-coronavirus levels, it is expected to plateau around 92-95 million b/d, or 92-95% of pre-Covid levels through the first quarter of 2021, according to a new analysis by IHS Markit. “The meteoric rise of world oil demand from the lowest lows of the…

North Dakota’s oil production remains depressed, but output is expected to exceed 1 million b/d in the coming months, according to the Department of Mineral Resources (DMR). During a webinar to discuss the latest statistics, DMR Director Lynn Helms said he expects rising oil prices should lead to more shut-in wells being brought online in…

Nearly all of the curtailed U.S. onshore oil volumes shut-in as Covid-19 hampered demand are set to return by the end of the third quarter amid stronger oil prices and a generally brighter market outlook, according to a new analysis by Rystad Energy. The Oslo-based consultancy analyzed the curtailment reactivation schedules of 25 publicly traded…

Houston-based Occidental Petroleum Corp. is throttling back from growth to ensure it can build cash flow to pay down some big debt maturities due in 2021, CEO Vicki Hollub said Tuesday. The company, better known as Oxy, has set spending priorities on maintenance, debt reduction and eventually a sustainable dividend before expanding, Hollub said during…

Marathon Oil Corp. said stabilization in commodity prices enabled the company to raise its full-year oil production outlook even as it keeps costs in check and further lowers its capital expenditure (capex) plans. Houston-based Marathon — which works in Oklahoma, the Delaware Basin and the Bakken and Eagle Ford shales — raised slightly its 2020…

Citing welding delays in repairing a Saturday rupture west of Cheyenne Station (see Daily GPI, Nov. 14), Wyoming Interstate Co. said it was required to maintain a curtailment of mainline capacity through its Laramie East constraint point to zero through at least Wednesday. Flow through the Medicine Bow Lateral was not impacted, WIC said. “At this time, WIC anticipates that it will be able to accept nominations…Wednesday for its full Wyoming mainline capacity” in the Timely cycle for Thursday’s gas day, the pipeline said.

TransCanada brought the Lachenaie Compressor Station on its TransQuebec & Maritimes system back online at 3 p.m. EST Wednesday and said a curtailment of all discretionary services (including diversions) to East Hereford, PQ would be lifted with the day’s intraday 2 nominations cycle. Lachenaie, about 45 kilometers north of Montreal, experienced an unexpected shutdown Tuesday morning. Preliminary investigations have indicated an electrical ground fault to be the root cause of the outage, the pipeline said. For Thursday, no curtailments are expected for deliveries to East Hereford. However, no increases in nominations to East Hereford will be authorized to ensure sufficient recovery of line pack and pressures in the affected area, TransCanada said.

Westcoast ended a force majeure late Wednesday at the Pine RiverPlant (see Daily GPI, Jan. 13) that hadcaused the curtailment of about 45 MMcf/d. A minor outage at thesmaller Highway Plant also has been resolved, Westcoast said Thursday.