Growth

EIA Says U.S. Natural Gas Storage Capacity Increases 1% in 2017

EIA Says U.S. Natural Gas Storage Capacity Increases 1% in 2017

Underground natural gas storage capacity in the Lower 48 grew by less than 1% year/year to November 2017, with most of the new capacity coming from expansions made to facilities in the East storage region, according to the U.S. Energy Information Administration (EIA).

April 5, 2018

Robust U.S. Land Permit Data Pointing to Another Year of E&P Outspending, Says Evercore

Strong drilling permit growth so early in 2018 points to “substantial” outspend by the exploration sector yet again, Evercore ISI analysts said.

March 26, 2018
More E&Ps Expected to Achieve Free Cash Flow in 2018 Despite ‘Death of Cheap Money’

More E&Ps Expected to Achieve Free Cash Flow in 2018 Despite ‘Death of Cheap Money’

An evolving strategic focus on capital discipline by U.S. onshore exploration and production (E&P) companies that began quietly within the last couple of years is expected to become far more widespread in 2018, with nearly half of a sampled group of independent producers — mostly in the Permian Basin — generating free cash flow (FCF) in 2018, according to BTU Analytics.

February 26, 2018

Permian Player Concho Grows Production, Sets Eyes on Repeat Success in 2018

After reporting more than 28% growth in total production in the fourth quarter, Permian Basin pure-play explorer Concho Resources Inc. said it expects to grow 2018 output by 16-20%, with crude oil rising by about 20%, using a $2 billion capital expenditures (capex) program.

February 22, 2018

Antero Nets $1B-Plus in Stock Offering, NatGas Hedge Restructuring

Antero Resources Corp. said Thursday that it earned more than $1 billion through a stock offering and changes to its natural gas hedge portfolio, securing some of the cash it needs to support year/year production growth of 20-22% through 2020.

September 21, 2017
MDU Resources Eyeing Midstream Infrastructure Opportunities

MDU Resources Eyeing Midstream Infrastructure Opportunities

Bismarck, ND-based MDU Resources Group Inc. is eyeing opportunities to shore up infrastructure through its midstream pipeline and construction business units, the multi-state utility holding company’s executive team said.

August 17, 2017
Without (Unlikely) Black Swan Event, BMO Sees Lower Oil, NatGas Prices Sticking Around

Without (Unlikely) Black Swan Event, BMO Sees Lower Oil, NatGas Prices Sticking Around

The collapse in crude oil prices that began in mid-2014 shows no signs of abating soon, and in fact oil — and natural gas — prices could remain relatively weak for a couple more years, BMO Capital Markets analysts said Monday.

June 26, 2017

U.S. Onshore Still Consolidating as Prices Stagnant, Efficiencies Mount, OPEC Lurks

The opportunities for U.S. onshore explorers and the oilfield service sector are becoming more concentrated as efficiencies continue to improve, more projects start up and the potential for rising overseas capacity awaits, reducing the call on unconventional supply growth beyond 2018, according to analysts.

May 30, 2017
‘Persistent’ Growth Seen in U.S. Onshore Oil, NatGas as Completions Catch Up, Says Rystad

‘Persistent’ Growth Seen in U.S. Onshore Oil, NatGas as Completions Catch Up, Says Rystad

U.S. onshore unconventional growth began to exhibit “material and persistent” monthly output growth in the first quarter after bottoming out in mid-2016, a trend likely to continue through 2017, according to an analysis by Rystad Energy.

May 24, 2017
Mexico Streamlining Upstream Auctions, Pursuing Natural Gas Storage

Mexico Streamlining Upstream Auctions, Pursuing Natural Gas Storage

As Mexico proceeds with upstream and midstream natural gas reform, demand for gas continues growing and domestic supply can’t keep up. The market opening is a work in progress.

May 24, 2017