Denver-based Extraction Oil & Gas Inc. announced Sunday it has filed for Chapter 11 bankruptcy protection in the District of Delaware, citing the impacts of Covid-19 and low commodity prices on its business.
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LNG Q&A: Delfin Execs See Offshore Exports as Game Changer for North American NatGas Supply — Bonus Coverage
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NGI The Weekly Gas Market Report
Antero Nets $402M from Global Investment Firm, Forecasts Strengthened Natural Gas, NGL Prices
Appalachian natural gas heavyweight Antero Resources Corp. said Monday it has closed an overriding royalty interest (ORRI) transaction with Sixth Street Partners LLC that will result in proceeds of up to $402 million.
Coronavirus Fallout, Cooler Weather Pattern Weigh on Natural Gas Futures
Following last Friday’s sell-off, natural gas futures gave up further ground Monday on modestly cooler weather forecasts and lingering concerns about the coronavirus pandemic and its impact on industrial energy demand. Persistently low liquefied natural gas (LNG) volumes also continued to weigh on markets.
Global Midstream Sector Outlook Downgraded by Moody’s
Moody’s Investors Service for the first time lowered its global oil and gas midstream rating to negative as the broader energy sector grapples with simultaneous demand and supply shocks.
Black Stone, XTO Look to Build Haynesville Output in East Texas
Houston-based Black Stone Minerals LP has clinched an incentive agreement with ExxonMobil’s XTO Energy Inc. to turn some wells online within a section of the Haynesville Shale in East Texas.
Lingering Inventory Concerns, New Weather Worries Send Natural Gas Futures Lower
Natural gas futures tumbled Friday as markets absorbed forecasts for cooler weather, concerns about bloated inventories and declining liquefied natural gas (LNG) volumes. The July Nymex contract settled at $1.731/MMBtu, down 8.2 cents day/day. August fell 8.5 cents to $1.815.
LNG Imports Down in Latin America from March-May; Reasons Vary by Country
Latin American liquefied natural gas (LNG) imports have dropped significantly since March from the same period last year, but it is unclear to what extent the Covid-19 pandemic has contributed to the decline.
Third Straight Natural Gas, Oil Production Downturn Expected in July from Key Lower 48 Plays
For what would be a third straight month, oil and natural gas production from seven of the nation’s most prolific onshore unconventional plays will be down in July compared to June, the Energy Information Administration (EIA) said Monday.