Midcontinent

Natural Gas Futures Retreat as Freeport Hiccup, Expected Bearish Storage Print Spook Traders 

Natural Gas Futures Retreat as Freeport Hiccup, Expected Bearish Storage Print Spook Traders 

More operational wobbles at the Freeport LNG terminal and worries of an expected bearish government storage print Thursday triggered another bout of selling in natural gas futures Wednesday. At A Glance: Freeport LNG Train 3 trips EQT sees curtailments through May Analysts expect above-average build The May Nymex contract dove around 10.0 cents in the…

April 24, 2024
Oklahoma-Based Mach Adding to Anadarko Footprint with Paloma Deal

Oklahoma-Based Mach Adding to Anadarko Footprint with Paloma Deal

Mach Natural Resources LP is looking to expand its footprint in the Anadarko Basin of Oklahoma with the $815 million purchase of about 62,000 net acres from private equity-backed Paloma Partners IV LLC. Under the deal announced Monday, which is expected to close by the end of December, Oklahoma City-based Mach would acquire the acreage…

November 16, 2023
Rockies, Midcontinent Producers Slash Natural Gas Price Forecasts, Citing ‘Too Much Supply’

Rockies, Midcontinent Producers Slash Natural Gas Price Forecasts, Citing ‘Too Much Supply’

Oil and gas executives in the Rockies and Midcontinent have downwardly revised their expectations for Henry Hub natural gas prices over the near term, according to a new survey by the Federal Reserve Bank of Kansas City. The Kansas City Fed’s quarterly Tenth District Energy Survey gauges current and expected oil and gas activity in…

January 23, 2023
Midcontinent Facing Higher Rates After Summer Sent Natural Gas Prices to ‘15-Year High’ – Winter Rate Spikes: Part 5

Midcontinent Facing Higher Rates After Summer Sent Natural Gas Prices to ‘15-Year High’ – Winter Rate Spikes: Part 5

As shoulder season comes to a close, several Midcontinent utilities have begun implementing new rates to recover costs that resulted from, amid other factors, an unseasonably hot summer for the region, while others have begun to seek higher rates ahead of what is expected to be a similarly cold winter.

October 25, 2022
Higher Natural Gas Price Needed to Spur Midcontinent, Rockies Drilling Uptick, say Executives

Higher Natural Gas Price Needed to Spur Midcontinent, Rockies Drilling Uptick, say Executives

Energy firms across the Midcontinent and Rocky Mountain region said they needed a 21% sequential increase in the average natural gas price to warrant a substantial increase in drilling during the third quarter, the Federal Reserve Bank of Kansas City reported last week. The energy survey by the Federal Reserve branch, aka the Kansas City…

October 11, 2022
American Noble Begins Sales from Hugoton Natural Gas Field in Kansas

American Noble Begins Sales from Hugoton Natural Gas Field in Kansas

American Noble Gas Inc. is ready to sell output from an exploratory well near Garden City at the Hugoton natural gas field in Haskell and Finney Counties, KS. The initial well was connected to the gathering system on August 11, which marked the beginning of the flow of natural gas and helium for commercial sales,…

August 22, 2022
ConocoPhillips Selling Anadarko Basin Producing Wells to Diversified

ConocoPhillips Selling Anadarko Basin Producing Wells to Diversified

Diversified Energy Co. plc said Thursday it is acquiring about 1,500 producing Midcontinent wells from ConocoPhillips. The $240 million Anadarko Basin bolt-on, funded with existing cash and debt, would expand Diversified’s Oklahoma and Texas footprint in the company’s Central Region. The former Appalachian Basin pure play also holds assets in the gassy Barnett and Haynesville…

July 29, 2022
U.S. OFS Jobs Jump by 8,600-Plus in April from March

U.S. OFS Jobs Jump by 8,600-Plus in April from March

U.S. oilfield services (OFS) and equipment sector employment reached an estimated 622,309 jobs in April, its highest level since September, the Energy Workforce & Technology Council reported in early May. “Oil and gas demand has continued to increase, and global demand will continue to rise as more countries cut off imports of Russian energy resources,”…

May 19, 2022
American Noble to Explore for Natural Gas in Kansas’ Hugoton Field

American Noble to Explore for Natural Gas in Kansas’ Hugoton Field

American Noble Gas Inc. has agreed to acquire a 40% participation in a farmout agreement with an unspecified operator in the Hugoton natural gas field in Haskell and Finney Counties, KS. The Kansas-headquartered independent exploration and production (E&P) company would join three other partners to explore for and develop oil and gas and brine reserves…

April 18, 2022
For First Time in New Year, February Natural Gas Futures Eclipse $4

For First Time in New Year, February Natural Gas Futures Eclipse $4

Natural gas futures on Monday closed above $4.00 for the first time this year as European calls for U.S. exports remain robust and forecasts point to continued strong domestic weather-driven demand. The February Nymex gas futures contract settled at $4.079/MMBtu, up 16.3 cents day/day. March rose 10.8 cents to $3.834. NGI’s Spot Gas National Avg.…

January 10, 2022
‹ Previous 1 2 3 16