Record

Brief — ERCOT

The Electric Reliability Council of Texas (ERCOT), the grid operator for most of the state, set a new winter peak demand record between 7 and 8 a.m. CST on Monday. Cold weather drove power demand to an hourly peak of 57,958 MW, according to initial data. The previous winter peak of 57,265 MW was set Feb. 10, 2011. The new winter record exceeds the previous December demand record of 53,642 MW (set Dec. 10, 2013, between 7 and 8 a.m.) by more than 4,000 MW. As a cold front blew into the state over the weekend, the ERCOT system also experienced a new record for instantaneous wind generation output. Wind output reached 15,195 MW at 6:20 p.m. on Saturday, topping the previous record of 15,033 set Nov. 27, 2016. ERCOT recently said an improving economy has lifted power demand in the Lone Star State, which gets most of its power from natural gas-fueled plants.

December 20, 2016
Continental Touts Record Meramec Test Well in STACK

Continental Touts Record Meramec Test Well in STACK

Continental Resources Inc. released results of a record well Wednesday drilled in the overpressured window of its acreage in the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties, OK (aka, the STACK).

December 14, 2016
Heat Pushes ERCOT to Two Power Demand Records Wednesday

Heat Pushes ERCOT to Two Power Demand Records Wednesday

It’s summer in the Lone Star State and the Electric Reliability Council of Texas (ERCOT) is setting power demand records again.

August 11, 2016

Noble Energy Hits Record Sales Volumes, Raises Guidance by 6.7%

Noble Energy Inc. hit record quarterly sales volumes of 427,000 boe/d in the second quarter, but it also reported a net loss of $315 million (minus 73 cents/share) after low commodity prices and higher operating expenses weighed on the bottom line.

August 3, 2016

Look Up, Technical Analyst Says; However, August Called A Penny Lower

August natural gas is set to open a penny lower Monday morning at $2.77 as traders mull a supportive technical environment and a storage picture that continues ever leaner. Overnight oil markets fell.

July 25, 2016
Push to Optimize Results During Downturn Led to Eclipse’s Behemoth Utica Well

Push to Optimize Results During Downturn Led to Eclipse’s Behemoth Utica Well

While the past two years have been marked by declining profits, drilling activity and workforces for the oil and gas industry, innovations have underscored the downturn as well, with producers relying on technology to help shore-up their balance sheets.

May 18, 2016
Push to Optimize Results During Downturn Led to Eclipse’s Behemoth Utica Well

Push to Optimize Results During Downturn Led to Eclipse’s Behemoth Utica Well

While the past two years have been marked by declining profits, drilling activity and workforces for the oil and gas industry, innovations have underscored the downturn as well, with producers relying on technology to help shore-up their balance sheets.

May 18, 2016

Utica Drives Ohio Oil, NatGas Production to New Records

Ohio’s horizontal Utica and Marcellus shale wells continued to set records in the fourth quarter, when operators reported producing 303 Bcf of natural gas and more than 6.2 million bbl of oil, according to data released Wednesday by the Ohio Department of Natural Resources (ODNR).

March 9, 2016

Regulatory Report Finds More PG&E Pipe Recordkeeping Violations

A California Public Utilities Commission (CPUC) initiated investigation of Pacific Gas and Electric Co.’s (PG&E) recordkeeping in its natural gas distribution system has turned up repeated violations contributing to explosions over the past two years. The report is part of proceedings on pipeline safety and possible penalties for recordkeeping violations.

October 13, 2015

Bulls, Bears In Standoff, For Now; September Called A Penny Lower

September natural gas is expected to open a penny lower Friday morning at $2.80 as traders look beyond the heat and humidity grilling Texas and the Southeast and anticipate record storage by the end of the season. Overnight oil markets weakened.

August 7, 2015