Southwestern Energy Co. agreed to acquire Montage Resources Corp. in an all-stock deal that would create the third largest oil and natural gas producer in the Appalachian Basin, with 3 Bcfe/d of combined production. The deal is valued at $857 million, including debt, according to Raymond James & Associates Inc. It would give the Houston-based…
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Senators Call For Federal Government Loans to U.S. Energy Producers
A group of 11 U.S. Senators is calling on the Trump administration to make loans accessible to domestic energy producers in an effort to protect American jobs associated with the industry.

Benefits of Cheap Oil ‘Largely Theoretical’ Until Consumption Improves, Says Raymond James
Until people are traveling again, on the road or in the air, the economic benefits of cheap oil “remain largely theoretical,” as Covid-19’s hit to global demand is worse than the impact of the financial crisis, according to Raymond James & Associates Inc.

Benefits of Cheap Oil ‘Largely Theoretical’ Until Consumption Improves, Says Raymond James
Until people are traveling again, on the road or in the air, the economic benefits of cheap oil “remain largely theoretical,” as Covid-19’s hit to global demand is worse than the impact of the financial crisis, according to Raymond James & Associates Inc.

NGI The Weekly Gas Market Report
Dallas Fed Energy Survey Confirms ‘Overwhelmingly’ Bleak Conditions in Texas, Louisiana and New Mexico
Oil and natural gas activity in Texas, southern New Mexico and northern Louisiana fell off a cliff in the first three months of the year, unsurprising news from the Federal Reserve Bank of Dallas.
And the Survey Says: Producers Facing Rough Fall Redetermination Season
For the first time in three years, oil and natural gas producers are expected to see their borrowing bases decline as credit availability contracts on a worsening outlook for commodity prices, according to a survey of 221 industry respondents conducted last month by Haynes and Boone LLP.
Lower 48 Upstream, Midstream Operators Battling Polar Blast
As Arctic cold settled in Wednesday across a wide swath of the country, from the Midwest to the Northeast, producers and midstream companies in the Appalachian and Williston basins were busy trying to fight the effects of record-setting temperatures on their operations and crews.
Oil, Gas Operations Appear Unscathed by Colorado Wildfires
Oil and natural gas operations on Wednesday remained untouched by a series of wildfires raging in Colorado, industry representatives told NGI’s Shale Daily.
China, India to Lead Renewables Charge in Coming Decades, Says IEA Director
The United States will become the world’s top producer of oil and natural gas over the next several decades, but China and India will lead a host of developing countries in embracing clean energy technologies for power generation as costs for renewables continue to decline.

Appalachian E&Ps Working to Fend Off Cold, Keep NatGas Flowing
With single-digit lows continuing and forecasts calling for temperatures to plunge below zero on Friday and Saturday in the Pittsburgh region, small and large Appalachian natural gas producers were grappling with frigid temperatures in different ways.