Increase

LNG Exports Surge 241%, Dry NatGas Production Up 1% Year/Year, EIA Says

LNG Exports Surge 241%, Dry NatGas Production Up 1% Year/Year, EIA Says

For the second consecutive month, U.S. dry natural gas production increased year/year (y/y) in July to 2.28 Tcf, a 0.5% increase from July 2016, while liquefied natural gas (LNG) exports have more than doubled, according to the Energy Information Administration (EIA).

October 2, 2017
Plump Storage Injection Too Little Too Late to Stop NatGas Forwards Rally

Plump Storage Injection Too Little Too Late to Stop NatGas Forwards Rally

Natural gas forward prices for October rose an average 17 cents from Sept. 8-14 as weather forecasts called for warmer-than-normal temperatures to finish out the month, according to NGI’s Forward Look. But the market’s realization that demand destruction caused by Hurricane Irma may have been overestimated also weighed on forwards this week.

September 15, 2017
Global NatGas Fastest Growing Fossil Fuel to 2040 as Supply, Trade Soars, Says EIA

Global NatGas Fastest Growing Fossil Fuel to 2040 as Supply, Trade Soars, Says EIA

Worldwide natural gas consumption is projected to increase to 177 Tcf in 2040 from 124 Tcf in 2015 and account for the largest increase in fossil fuel consumption, but renewable energy resources are picking up the pace, the U.S. Energy Information Administration (EIA) said Thursday.

September 14, 2017

U.S. NatGas Production Again Forecast to Increase, Says EIA

The Energy Information Administration (EIA) revised its forecast for dry natural gas production from U.S. onshore basins to increase to an average of 73.7 Bcf/d this year, or 1.4 Bcf/d more than in 2016, according to its September Short-Term Energy Outlook (STEO).

September 12, 2017

Permian Oil, NatGas Spending Estimated to Jump 400% by 2021 to $40B

Capital spending in the Permian Basin is set to shoot up 400% over the next five years to $40 billion by 2021, as operators raise more rigs and expand development, a Texas industry group said Thursday.

August 24, 2017
Continental Sells Assets to Focus on Debt Reduction, While NatGas Output Jumps Almost 17%

Continental Sells Assets to Focus on Debt Reduction, While NatGas Output Jumps Almost 17%

Continental Resources Inc. CEO Harold Hamm said he would use asset sales and reduce activity in the Midcontinent, including the Springer Shale, to pare down long-term debt, which stood at $6.56 billion at the end of June.

August 10, 2017
Helmerich & Payne Raises Capex on Customer Call for Upgraded Rigs

Helmerich & Payne Raises Capex on Customer Call for Upgraded Rigs

U.S. land rig margins increased on average by more than $800/day for Helmerich & Payne Inc. (H&P) during the fiscal third quarter on increased utilization and demand for super-specification rigs.

July 27, 2017

U.S. Sees Sharp Natural Gas, Oil Drilling Increase in 2Q2017, Says API

The American Petroleum Institute (API) reported this week that the estimated total number of oil and natural gas wells drilled and completed during the second quarter increased 62% from the year-ago quarter.

July 13, 2017

EIA Reports Crude Oil Exports Trending Higher This Year

Crude oil exports have inched upward this year, reaching the highest monthly level on record of 1.1 million b/d in February, the Energy Information Administration (EIA) said Tuesday.

June 28, 2017

Dallas Fed Reports Rising Oil, Natural Gas Activity, But Slowdown from First Quarter

Oil and natural gas activity in Texas, northern Louisiana and southern New Mexico increased during the second quarter, albeit at a slightly slower pace than early this year, according to the latest energy survey by the Dallas branch of the Federal Reserve Bank (Fed).

June 28, 2017