Lilis Energy Inc., which plies its exploration talents across the Permian Basin, on Monday sought voluntary protection under Chapter 11 to reduce debt. The filing came one day after onshore giant Chesapeake Energy Corp. filed for voluntary bankruptcy. Fort Worth, TX-based Lilis filed petitions in U.S. Bankruptcy Court for the Southern District of Texas, Houston…
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EIA Cites Dramatic Improvements in U.S. Onshore Drilling Efficiency Amid Record 2019 Oil, Natural Gas Output
Surging U.S. crude oil and natural gas production over the last decade or so has been accompanied by dramatic improvements in onshore drilling efficiency, the Energy Information Administration (EIA) said Thursday. Oil and gas output each hit all-time highs in 2019, even as the average monthly rig count and number of wells drilled per month…
NGPL Cleared to Start Work on Next Phase of LNG-Focused Gulf Coast Southbound
FERC has authorized Natural Gas Pipeline Co. of America LLC (NGPL) to start construction on the next phase of its Gulf Coast Southbound Project, which would feed the third liquefaction train under construction at Cheniere Energy Inc.’s Corpus Christi export facility in South Texas.
NGPL Cleared to Start Work on Next Phase of LNG-Focused Gulf Coast Southbound
FERC has authorized Natural Gas Pipeline Co. of America LLC (NGPL) to start construction on the next phase of its Gulf Coast Southbound Project, which would feed the third liquefaction train under construction at Cheniere Energy Inc.’s Corpus Christi export facility in South Texas.
Weekly U.S. LNG Exports Increase, Deepening Global Supply Glut
U.S. liquefied natural gas (LNG) exports ticked upward over the last week, building on a strong month in October for the global market as colder weather set in.
Enable Still in Talks on Gulf Run Gas Pipeline; Filing Delayed
Oklahoma City-based Enable Midstream Partners LP has pushed back its certificate filing for a proposed pipeline that would move natural gas from northern Louisiana to the Gulf Coast in order to allow more time for “active discussions” with potential shippers for additional capacity commitments.
Gulfport Divests Legacy Gulf Coast Assets as Focus Narrows to Core Properties
Gulfport Energy Corp. has dumped more noncore assets as part of a broader effort to simplify its portfolio and better control costs, announcing the sale of its legacy assets on the Gulf Coast to an undisclosed buyer for $54.1 million.
ExxonMobil Ramps Up Polyethylene Expansion on Texas Coast, Fueled by Lower 48 NGLs
A high-performance polyethylene line fueled by Lower 48 liquids has ramped up at ExxonMobil’s plant east of Houston.
NGI The Weekly Gas Market Report
ExxonMobil, SABIC Sanction $10B South Texas Petchem Project
ExxonMobil Corp. and its Saudi Arabian partner on Thursday pulled the trigger to sanction the world’s largest steam cracker, a 1.8 million metric ton/year project on the South Texas coast that would create thousands of jobs and billions in economic output.
NGI The Weekly Gas Market Report
Saudi Aramco Gaining Hold in U.S. LNG with Deal to Buy Stake, Supplies from Sempra Port Arthur Project
State-owned Saudi Arabia Oil Co., aka Aramco, on Wednesday said it has signed a heads of agreement (HOA) to negotiate buying a 25% stake in Phase 1 of Sempra Energy’s natural gas export project in Port Arthur, near Houston.