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Black Stone, XTO Look to Build Haynesville Output in East Texas

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.

June 15, 2020
Lingering Inventory Concerns, New Weather Worries Send Natural Gas Futures Lower

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.

June 15, 2020
LNG Imports Down in Latin America from March-May; Reasons Vary by Country

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.

June 15, 2020
Third Straight Natural Gas, Oil Production Downturn Expected in July from Key Lower 48 Plays

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.

June 15, 2020
North Dakota’s Bakken Oil, Gas Production Wilting at Historic Pace

North Dakota’s Bakken Oil, Gas Production Wilting at Historic Pace

Although Bakken Shale oil and natural gas prices in North Dakota have begun to recover, production continues to plummet at a historic pace, according to Department of Mineral Resources director Lynn Helms.

June 15, 2020

Appeals Decision Moves Enbridge Line 5 Plans One Step Closer to Completion

Enbridge Inc. has won the second round of its legal battle against fossil fuel foes to keep its 540,000 b/d oil Line 5 across the Straits of Mackinac between Lake Huron and Lake Michigan.

June 15, 2020
Another Notable Decline for Natural Gas Futures as Heat Holds off, Coronavirus Impacts Endure

Another Notable Decline for Natural Gas Futures as Heat Holds off, Coronavirus Impacts Endure

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.

June 15, 2020
Appalachia’s CNX Returning Some Curtailed Natural Gas Volumes in July

Appalachia’s CNX Returning Some Curtailed Natural Gas Volumes in July

Appalachia pure-play CNX Resources Corp. plans to increase some of its previously curtailed natural gas production beginning in July, with additional adjustments to be made as conditions warrant.

June 12, 2020
In Line Storage Build, Looming Heat Drive Up Natural Gas Futures Despite Lingering Concerns Tied to Coronavirus

In Line Storage Build, Looming Heat Drive Up Natural Gas Futures Despite Lingering Concerns Tied to Coronavirus

Natural gas futures advanced Thursday after the latest storage report met expectations and forecasts continued to call for more June heat. However, demand concerns lingered as markets absorbed an economic outlook that pointed to protracted fallout from the coronavirus pandemic. The July Nymex contract settled at $1.813/MMBtu, up 3.3 cents day/day. August rose 3.0 cents to $1.900.

June 12, 2020
Oil, Gas Activity Stabilizing as U.S. Drops Five Rigs in Latest Weekly Count

Oil, Gas Activity Stabilizing as U.S. Drops Five Rigs in Latest Weekly Count

The steep downward slope in U.S. drilling activity the past three months showed signs of leveling off during the week ended Friday (June 12) as the domestic count dropped a relatively modest five rigs, according to the latest numbers from Baker Hughes Co. (BKR).

June 12, 2020
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