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.
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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.
Complaint by U.S. Energy Industry’s API Adds to Growing List of Private Sector Concerns in Mexican Energy
American Petroleum Institute (API) President Mike Sommers has sent a letter to U.S. officials expressing the group’s worry that recent actions by the Mexican government are hurting investors in the Mexican energy sector.
Colombia Said Ready to Award Fracturing Pilots in October
Colombia’s National Hydrocarbons Agency (ANH) will award contracts for hydraulic fracturing pilot projects to interested companies by October, according to media reports.
IEA Sees Global Oil Demand Far Outpacing Supply, but Not Until 2021
Although global oil demand is expected to fall by a record 8.1 million b/d in 2020 because of Covid-19, 2021 should be a much different story, the International Energy Agency (IEA) said Tuesday.
Natural Gas Futures Continue Downward Spiral on Weak Cash Demand, Uncertain Outlook for Weather, LNG
Cooler temperatures and soft demand in the natural gas cash market, along with ongoing liquefied natural gas (LNG) woes, weighed down futures again Tuesday, with prices hitting a new daily low in June for a third consecutive trading day.
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.