Lower 48

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
TC Looking to Bridge RNG Producers, Customers with U.S. Transportation Hub

TC Looking to Bridge RNG Producers, Customers with U.S. Transportation Hub

TC Energy Corp. has launched a collaboration aimed at connecting renewable natural gas (RNG) to a series of transportation hubs across its U.S. network of pipelines. The Calgary-based energy infrastructure company has tapped GreenGasUSA Holdings LLC, an RNG operator and developer, to expand the volume of low-carbon gas captured from farms and landfills within the…

April 29, 2022
ConocoPhillips’ Lance Urges Natural Gas, Oil Industry to ‘Stay Connected’ in Midst of Ukraine Crisis

ConocoPhillips’ Lance Urges Natural Gas, Oil Industry to ‘Stay Connected’ in Midst of Ukraine Crisis

In the wake of a ban on Russian oil and natural gas to the United States, Tuesday talks at CERAWeek in Houston notably shifted to energy security and geopolitics, but ConocoPhillips CEO Ryan Lance had a few choice words for anyone who believes this is a perfect time to keep the U.S. natural gas and…

March 8, 2022
Natural Gas Futures Fall as Attention Turns to Likely Domestic Demand Losses

Natural Gas Futures Fall as Attention Turns to Likely Domestic Demand Losses

U.S. natural gas prices retreated Monday after rallying the previous week in the wake of Russia’s invasion of Ukraine. Traders looked past soaring European gas and global oil prices to start and focused on the likelihood of waning domestic demand. The April Nymex gas futures contract settled at $4.833/MMBtu, down 18.3 cents day/day. May shed…

March 7, 2022
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