Most of Noble Energy Inc.’s Lower 48 oil and gas volumes that were curtailed as the coronavirus sapped demand are back online as operating costs and netback pricing have improved. The Houston-based super independent, which issued its results Monday, curtailed 30,000 boe/d net during 2Q2020. Most of the reduced volumes, estimated at 80%, were curtailed…
Articles from Curtailments
North American explorer Ovintiv Inc. has brought back online substantially all of its shut-in volumes of 32,000 boe/d, including 18,000 b/d of crude and condensate voluntarily curtailed in the second quarter, CEO Doug Suttles said Wednesday. Suttles during the quarterly conference call credited efficiencies achieved by reducing costs and the workforce, as well as financial…
The impact of Covid-19 on pressuring U.S. natural gas prices remains a wildcard, but supply/demand changes point for the strip to move lower this year before 2021 ushers in “extremely bullish” prices, Raymond James & Associates Inc. said Monday.
Equitrans Midstream Corp. said in a regulatory filing on Monday its largest customer, EQT Corp., is temporarily curtailing 1.4 Bcf/d of production in Ohio and Pennsylvania.
The Oklahoma Corporation Commission (OCC), the state’s oil and gas regulator, on Wednesday approved a relief measure allowing operators to shut-in production without losing their lease rights.
The Alberta government on Tuesday announced a one-year extension of mandatory oil production cuts to prop up prices through 2020 and counter prolonged pipeline project delays.
A positive outlook for summer electricity supplies for California does not eliminate risks in the southern half of the state due to the shut-in Aliso Canyon gas storage facility in Los Angeles.
The global oil and natural gas industry has responded to the commodity meltdown with severe curtailments in capital spend, but the level of austerity implemented worldwide is unprecedented and undoubtedly will lead to a supply response, according to a survey of top-tier operators by Raymond James & Associates Inc.
FERC should require Rockies Express Pipeline Co. LLC (REX) to adopt a no-profit reservation charge crediting methodology for curtailments during force majeure events, a group of shippers said in a filing Monday.
Despite dry gas production curtailments and rig lay-downs nationwide, Northeast production will grow by 1 Bcf/d from its current 8.3 Bcf/d by the end of the year as the Marcellus Shale “seems impervious to the unfavorable economics,” Bentek Energy LLC said in its Forward Curve Quarterly.