production

Can Recent U.S. Natural Gas Production Uptick Continue Into 2023? – Listen Now to NGI’s Hub & Flow

Can Recent U.S. Natural Gas Production Uptick Continue Into 2023? – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow, in which Patrick Rau, NGI’s Director of Strategy and Research, takes a look at the recent U.S. natural gas production trend, whether it is sustainable into the new year, and what it all means for prices going forward. Acknowledging that the pace…

November 28, 2022
Once Again, OPEC Cuts Global Oil Demand Forecast Amid Recession Headwinds

Once Again, OPEC Cuts Global Oil Demand Forecast Amid Recession Headwinds

OPEC slashed its global crude oil demand outlook for a second consecutive month, citing slowing economic activity in the United States and Europe as well as ongoing pandemic-related lockdowns in China and geopolitical upheaval linked to Russia’s war in Ukraine. In its closely watched monthly market report, the cartel on Monday lowered its forecast for…

November 14, 2022
Devon Touts LNG Partnership, Lower 48 Acquisitions After Strong Third Quarter

Devon Touts LNG Partnership, Lower 48 Acquisitions After Strong Third Quarter

With LNG exports seen driving U.S. natural gas demand growth over the coming years, Devon Energy Corp. is positioning itself to capitalize on premium global gas prices, management said Wednesday.  In a call to discuss the Lower 48 producer’s third quarter earnings, CEO Rick Muncrief highlighted a partnership with Delfin Midstream Inc. that would see…

November 4, 2022
Chesapeake Aiming to Be Major Natural Gas Supplier in U.S. LNG Capacity Expansion

Chesapeake Aiming to Be Major Natural Gas Supplier in U.S. LNG Capacity Expansion

A revamped Chesapeake Energy Corp. continues streamlining its strategy around supplying natural gas to the Gulf Coast LNG corridor, executives said in an earnings call on Wednesday. The company sees a somewhat softer natural gas market in 2023, with no real structural demand growth until new export capacity comes online starting in 2024. “As export…

November 3, 2022
Matador CEO Says Permian Delaware Wells Exceeding Expectations

Matador CEO Says Permian Delaware Wells Exceeding Expectations

Matador Resources Co. is seeing better than expected results from recently completed wells in the Permian Basin’s Delaware sub-basin, according to CEO Joseph Foran.  As a result, Dallas, TX-based Matador is increasing the midpoints of its full-year 2022 production guidance from 21.7 to 21.85 million bbl for oil, and from 95.5 to 97.0 Bcf for…

October 28, 2022
Mixed Natural Gas Price Trends Seen for November Baseload amid Winter Risk, Robust Supply

Mixed Natural Gas Price Trends Seen for November Baseload amid Winter Risk, Robust Supply

With hints of chillier weather arriving in the Lower 48 in November, along with an expected rise in LNG demand, baseload natural gas prices for November were trending higher, according to NGI’s Bidweek Alert (BWA). Northeast locations swung from a discount to a premium over benchmark Henry Hub prices as brief blasts of frigid air…

October 26, 2022
Clearfork Boosting G&P on Holly Haynesville System on Strong Customer Demand

Clearfork Boosting G&P on Holly Haynesville System on Strong Customer Demand

Growing demand from natural gas producers in the Haynesville Shale is driving a suite of gathering and processing (G&P) expansions on Clearfork Midstream LLC’s Holly System in North Louisiana. The expansions include constructing a 24-inch diameter pipeline to the east side of the Red River in northeast Red River Parish, as well as a 16-inch…

October 24, 2022
Haynesville Continues to Pace Natural Gas Production Growth in Latest EIA Modeling

Haynesville Continues to Pace Natural Gas Production Growth in Latest EIA Modeling

Driven by the Haynesville Shale and the Permian Basin, natural gas production from seven key Lower 48 plays is set to surge 554 MMcf/d from October to November to more than 95 Bcf/d, according to updated modeling from the Energy Information Administration (EIA). In its latest Drilling Productivity Report (DPR), published Monday, EIA said it…

October 17, 2022
Natural Gas Forward Prices Extend Losses as Ian Wipes Out Power to Millions

Natural Gas Forward Prices Extend Losses as Ian Wipes Out Power to Millions

With natural gas production remaining stout – even amid temporary shut-ins ahead of Hurricane Ian – and cooler weather leaving its mark on storage inventories, natural gas forward prices continued to fall during the Sept. 22-28 week, according to NGI’s Forward Look. In the latter part of the period, all attention was on Florida, where…

September 29, 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
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