Pricing

Unrelenting Lower 48 Natural Gas, Liquids Supply Said to Pressure Prices into 2021

Unrelenting Lower 48 Natural Gas, Liquids Supply Said to Pressure Prices into 2021

Goldman Sachs on Friday reduced its forecast for natural gas and liquids prices for 2020-2021 because of the unrelenting onslaught in Lower 48 supplies and, barring a cold winter, lower demand.

September 10, 2019

ICE Planning Houston-Delivered Permian WTI Crude Oil Futures Contract

Intercontinental Exchange Inc. (ICE) said Tuesday it plans to launch a physically delivered Permian West Texas Intermediate (WTI) crude oil futures contract in Houston.

July 17, 2018

Most North American Basin Pricing Still ‘Unsustainable,’ Says Schlumberger Exec

The global oil supply is tightening, and markets should move closer to balance by the end of this year, but it’s too early for “any improvement in price” to affect exploration investments because operator confidence and balance sheets still need to be repaired, Schlumberger Ltd.’s operations chief said Tuesday.

August 31, 2016

No Gain, More Pain Forecast For OFS Sector

As first quarter results are unveiled, expect to hear more hardship from the oilfield services (OFS) sector, energy analysts said.

April 21, 2016

No Gain, More Pain Forecast For OFS Sector

As first quarter results are unveiled, expect to hear more hardship from the oilfield services (OFS) sector, energy analysts said.

April 21, 2016

Schlumberger Sees Big Appetite for New Drilling Tech

Schlumberger Ltd.’s CEO said Thursday increased efficiencies are now the focus of onshore operators, hungry for technologies that reduce costs and improve production.

April 17, 2014

Cabot Projects 30-50% Production Growth in 2014

Cabot Oil & Gas Corp. said it expects production to grow 30-50% in 2014, and it reaffirmed that production for 2013 will have grown 44-54% by the end of the year.

September 30, 2013

Nearly All Cash Points Retreat; Futures Suffer Technical Setback

Physical natural gas prices Tuesday for delivery Wednesday experienced broad and pervasive selling as a weak screen, expectations of sizeable storage builds, and no tropical activity pulled the plug on pricing. Overall, prices settled on average 8 cents lower, and virtually no points made it to the positive side of the trading ledger. At the close of futures trading, October had fallen 11 cents to $3.492 and November was down by 11.8 cents to $3.559. November crude oil fell 46 cents to $103.13/bbl.

September 25, 2013
Rail Transport ‘Critical’ to North Dakota, Officials Say

Rail Transport ‘Critical’ to North Dakota, Officials Say

While acknowledging that rail shipments are a vital part of the burgeoning Bakken Shale play, North Dakota energy officials on Monday refused to speculate on the eventual impact of the oil rail car derailment and fire in Quebec, Canada, on their state’s soaring production (see Shale Daily, July 16).

July 18, 2013

NatGas Prices Gaining on Utility Shift, Says Apache CEO

U.S. natural gas prices may never return to the double digits of yesteryear, but there are “a lot of reasons” to see some upside in pricing going forward, Apache Corp. CEO G. Steven Farris said last week at Sanford Bernstein’s 29th Annual Strategic Decisions Conference 2013.

June 3, 2013
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