Record

Tecolote Energy LLC on Monday said it achieved two milestones with one well drilled into the Anadarko Basin in the Texas Panhandle, with the longest horizontal lateral ever and the highest production rate recorded.

Cold weather on the Eastern Seaboard and in the Northeast in general drove throughput to a new record on its Transcontinental Gas Pipe Line (Transco), Williams Partners LP said.

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.

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).

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

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 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.

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.

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.