U.S. oil and gas permitting across the board showed solid growth in the first three months of the year, with the Denver-Julesburg (DJ)/Niobrara and Powder River Basin together surpassing the mighty Permian Basin, according to data compiled by Evercore ISI.
Articles from February
Reported permitting activity in the gassy Haynesville and Utica shales climbed in February, but Wyoming permitting decelerated significantly, and activity in the Marcellus Shale also declined, according to Evercore ISI.
February natural gas was set to open Tuesday about 14 cents lower at around $3.055, retreating off a surge late last week following a record storage withdrawal.
February natural gas was set to open Wednesday about 3 cents higher at $2.959, helped by bullish adjustments to the outlook for Arctic cold expected move in next week.
February natural gas was set to open Friday about 12 cents lower at around $2.759 as forecasters noted warmer changes to the medium- and long-range weather outlooks.
February natural gas was set to open about 4 cents higher Tuesday at around $2.996, with arctic cold in the near-term lifting the market as a potential warm-up lingers in the longer-term.
In the story “U.S. LNG Exports Set New High in February,” the Department of Energy (DOE) data cited is through February, which was released a month ago. DOE’s latest LNG Monthly, released Monday with data through March, shows that Lower 48 exports declined from February to March.
The story “Sabine Pass Exports Reached New High in February” included an inaccurate count of the number of cargos sent from the Louisiana liquefied natural gas export terminal during January and February, as it failed to account for cargos with multiple destinations or contract terms. During each month 15 cargos were sent from the terminal. NGI regrets the error.
The United States added nine land-based rigs along with one in the inland waters and two in the offshore to make for a net U.S. gain of one-dozen rigs, according to Baker Hughes Inc. (BHI) in its report for the week ending March 10.