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
Editor’s Note: Enjoy this bonus coverage from NGI’s LNG Insight, which provides daily netback prices, export tracking, shipping costs, and other market-driven news and data. For more information, click here.
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.
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.
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.