Growth

Devon Boosts ’19 Oil Output Forecast on Strong Permian Delaware Results

Devon Boosts ’19 Oil Output Forecast on Strong Permian Delaware Results

Devon Energy Corp. has increased its projections for Lower 48 oil production growth to 17% from 2018, up 200 basis points from previous guidance, on improving well productivity and capital efficiencies, particularly in the Permian Basin.

May 1, 2019

Permian Helping Fuel Oversupply as NatGas Prices Headed for ‘Down Year,’ Says Raymond James

Facing an oversupply that has been compounded by associated gas growth in the Permian Basin, natural gas prices could be headed for a “down year” in 2019 as demand is unable to keep up, according to analysts with Raymond James & Associates Inc.

April 2, 2019
Led by U.S., 2018 Another ‘Golden Year’ for Natural Gas, Says IEA

Led by U.S., 2018 Another ‘Golden Year’ for Natural Gas, Says IEA

Natural gas demand emerged as the global fuel of choice last year, particularly in the United States and China, as energy consumption worldwide increased by 2.3%, the fastest pace this decade, the International Energy Agency (IEA) said Monday.

March 25, 2019

MDU Eyeing Bakken Pipeline Growth, M&A Activity

MDU Resources Group Inc. senior executives earlier this month promised to expand the midstream pipeline and construction business units following a “solid” performance in 2018 by all of the businesses.

February 20, 2019
Appalachian Producers Tempering Forecasts in Response to Flooded Natural Gas Market

Appalachian Producers Tempering Forecasts in Response to Flooded Natural Gas Market

The tenacious natural gas production growth that has characterized the Appalachian Basin over the last decade finally appears to be slowing as an epic pipeline buildout nears its conclusion, demand ebbs and operators realign their visions for the future.

January 29, 2019
Big Oil, Super Independents Appear Unlikely to Slow North American Activity in 2019

Big Oil, Super Independents Appear Unlikely to Slow North American Activity in 2019

North American exploration spending in 2019 is tracking higher for the third consecutive year, albeit at a slower pace, with natural gas-heavy budgets poised to reset higher, while oil operators weigh the implications of extended lower prices.

December 11, 2018
Mexico’s GDP Healthy on Eve of Changeover

Mexico’s GDP Healthy on Eve of Changeover

Mexico’s economy grew 3.6% year-on-year in the third quarter on the back of broad-based growth, including in the industrial sector. The forecast for the year remains steady at 2.1%, according to the Federal Reserve Board of Dallas.

November 20, 2018
Another 22 Bcf/d Lower 48 Supply Growth Forecast by 2023

Another 22 Bcf/d Lower 48 Supply Growth Forecast by 2023

Going back to last year, natural gas production forecasts based on drilling fundamentals missed key signals from equity markets that had predicted the recent surge in Lower 48 supply, according to East Daley Capital’s Matthew Lewis, who directs financial analysis for the firm.

September 18, 2018

Shell’s LNG Sales Jump 17% in 1Q, with Volumes Rising 9%

Royal Dutch Shell plc in the first three months of the year benefited from its substantial — and growing — natural gas liquefaction business, with global sales climbing 17% year/year to 18.58 million metric tons (mmt) and volumes increasing 9% to 8.9 mmt.

April 26, 2018
China’s Unconventional Natural Gas Output to Double by 2020, Says Wood Mackenzie

China’s Unconventional Natural Gas Output to Double by 2020, Says Wood Mackenzie

China’s unconventional natural gas production has undergone significant progress in the past 10 years, increasing to nearly 600 wells and 9 bcm (317.8 Bcf) of production in 2017, and output is likely to double to 17 bcm (600 Bcf) in 2020, according to Wood Mackenzie.

April 18, 2018