Lower 48

Crestwood Says Harsh Winter Weather, Shut-ins to Impact 4Q Earnings 

Crestwood Says Harsh Winter Weather, Shut-ins to Impact 4Q Earnings 

Crestwood Equity Partners LP is expecting a one-off hit to its fourth quarter earnings because of extreme weather that caused well freeze-offs and production shut-ins across multiple Lower 48 basins, management said Wednesday. The harsh winter weather “adversely impacted volumes and well-connect activity across Crestwood’s gathering and processing assets during the quarter,” the Houston-based midstream…

January 13, 2023
Shale Pioneer Hamm Ups Deal Price in Taking Continental Private

Shale Pioneer Hamm Ups Deal Price in Taking Continental Private

Harold Hamm, the billionaire executive chairman of Continental Resources Inc., is set to take the largest Bakken Shale producer private with a new deal announced Monday. The Oklahoma City-based public explorer entered into an agreement with Omega Acquisition Inc., an Oklahoma subsidiary owned by Hamm, to begin a tender offer for the company’s outstanding common…

October 17, 2022
Natural Gas Futures Tumble Below Key $6.50 Threshold on Improving Winter Supply Outlook

Natural Gas Futures Tumble Below Key $6.50 Threshold on Improving Winter Supply Outlook

Could a change in natural gas trading behavior be amiss? Bears on Monday managed to take out a key psychological level of support amid robust supply and a steadily improving storage picture. The November Nymex gas futures contract settled at $6.435/MMBtu, off 31.3 cents from Friday’s close. December futures slid 26.3 cents to $6.784. At…

October 10, 2022
Leading North American Natural Gas Marketers Post 2Q2022 Gains Amid Demand, Price Spikes

Leading North American Natural Gas Marketers Post 2Q2022 Gains Amid Demand, Price Spikes

Top North American natural gas marketers reported stronger overall sales volumes for the second quarter as production gathered momentum in response to strong consumption and prices. A multitude of enduring demand drivers could fuel momentum through this year and into next, marketers and traders say. The 24 gas marketers included in the latest NGI Top…

September 20, 2022
Lower 48 Oil, Natural Gas Permitting Slumps, but Up from Year Ago

Lower 48 Oil, Natural Gas Permitting Slumps, but Up from Year Ago

August natural gas and oil permitting across the Lower 48 reversed course from July, particularly in the Permian Basin, but activity still was higher than a year ago, according to data compiled by Evercore ISI. New well permitting declined in August by 3,106 month/month (m/m). Still, the tally last month was 27% higher than in…

September 19, 2022
Liberty Energy’s Wright Sees Long Oil, Natural Gas Future as ‘Energy Transition Is Not Happening’

Liberty Energy’s Wright Sees Long Oil, Natural Gas Future as ‘Energy Transition Is Not Happening’

Liberty Energy Inc. CEO Chris Wright made no bones about prognosticators calling for the demise of oil and natural gas on Monday. “The energy transition is not happening,” he said in Denver. “This drumbeat is crazy.” Wright, speaking at the LDC Gas Forum Rockies & West, said demand for fossil fuels is robust and poised…

August 16, 2022
Lower 48 Oil and Natural Gas Permitting Dips Again in June as Texas, Louisiana Slip

Lower 48 Oil and Natural Gas Permitting Dips Again in June as Texas, Louisiana Slip

June is usually a strong month for U.S. oil and gas permitting, but activity overall dipped for the second month in a row, according to an analysis by Evercore ISI. The investment firm each month compiles a rundown of permitting activity in the United States using state and federal data. According to Evercore, June saw…

July 18, 2022
Lower 48 Permitting Slips as Permian Dips, but Haynesville, Eagle Ford, Bakken Rip

Lower 48 Permitting Slips as Permian Dips, but Haynesville, Eagle Ford, Bakken Rip

The U.S. oil and gas drilling rig count is steadily rising, but permitting activity is a bit more wobbly, as the Lower 48 recorded a double-digit monthly dip in May. According to data compiled by Evercore ISI using state and federal information, Lower 48 permitting plunged by 17% in May, month/month (m/m). The Permian Basin…

June 22, 2022
Natural Gas Rig Count Climbs as U.S. Drilling Activity Continues to Rise

Natural Gas Rig Count Climbs as U.S. Drilling Activity Continues to Rise

The U.S. natural gas rig count rose three units to 149 for the week ended Friday (May 13), while rising numbers in the oil patch rounded out another week of healthy gains for domestic drilling activity, the latest numbers from Baker Hughes Co. (BKR) show. Six oil-directed rigs were added along with the three natural…

May 13, 2022
Natural Gas Drilling Steady in U.S. as Oil Activity Rises

Natural Gas Drilling Steady in U.S. as Oil Activity Rises

The U.S. natural gas rig count held flat at 144 for the week ended Friday (April 29), while oil-directed drilling gains lifted the combined domestic tally three units to 698, according to updated figures from Baker Hughes Co. (BKR). Activity gains in the United States included net increases of two rigs on land and one…

April 29, 2022
‹ Previous 1 2 3 4