Growth

Shale play sweet spots won’t stay sweet forever; base production decline is a fact of life, and with projected domestic demand growth, $3 natural gas won’t cut it, Range Resources Corp. CEO Jeff Ventura told a Houston audience Thursday.

The United States will be the No. 1 source of global oil supply growth to 2022 with light tight oil (LTO) from unconventional plays expanding the most, the International Energy Agency said Monday.

Worldwide liquefied natural gas (LNG) supply appeared to swamp demand in 2016 as new capacity came online, but big buyers snapped up more cargoes and new participants emerged, basically evening out the supply-demand picture, according to Royal Dutch Shell plc.

U.S. shale producers are pulling out more oil and gas at a much lower cost, setting them on course to accelerate activity later this year and into 2018.

The pendulum was seen swinging back in a more prosperous direction for the country’s midstream and upstream operators during presentations and discussions at an industry conference in Pittsburgh on Wednesday and Thursday.

Natural gas demand continues to grow faster worldwide than oil or coal, and the rapid expansion in liquefied gas exports soon will create an integrated market anchored by U.S. pricing, BP plc said Wednesday.

EnLink Midstream, the Devon Energy Corp.-controlled natural gas gathering and transportation partnership, is forecasting a ramp-up in Midcontinent volumes in anticipation of increased producer activity in the region in 2017.

A wave of liquefied natural gas (LNG) supply will hit the market over the next three years, but rising demand and a dearth of new project advances on the horizon will make for a supply shortage in the early 2020s, analysts at Bernstein Research said in a note Tuesday.

Antero Resources Corp. late Wednesday unveiled an ambitious plan for the next four years, guiding for double-digit production growth driven by robust cash flow, a strong firm transportation portfolio and an Appalachian asset base that continues to expand.