Mirage Energy Corp. has signed a $4 billion debt facility with the family office of Bluebell International to develop a natural gas project that would add cross-border capacity into Mexico, as well as the nation’s first underground gas storage facility.
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Matador Brings Five Permian Delaware Wells Online, with 18 Wells and Gas Processing Slated for Q3 Completion
Matador Resources Co. said Thursday it has brought five horizontal wells in the Permian Basin’s Delaware sub-basin into production, and it plans to bring 18 more wells and a natural gas processing plant online in the third quarter.
June 18, 2020
Natural Gas Futures Flat Following On-Target Storage Build, Ongoing Coronavirus Fallout
Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.
June 18, 2020
PG&E Pleads Involuntary Manslaughter for 84 Deaths in Camp Fire, Agrees to $4M in Penalties
Pacific Gas and Electric Co. (PG&E) on Tuesday pleaded guilty to 84 counts of involuntary manslaughter and one count of starting a fire for its role in the 2018 Camp Fire that destroyed the town of Paradise, CA.
June 17, 2020
Weather Worries and Weak Cash Weigh Down Natural Gas Futures
Cooler temperatures and soft demand in the natural gas cash market, along with ongoing liquefied natural gas (LNG) woes, weighed down futures again Tuesday, with prices hitting a new daily low in June for a third consecutive trading day.
June 17, 2020
IEA Forecasts Flat Mexico Oil Output Through 2021; Global Production Set to Fall 7.2 Million b/d in 2020
Mexico oil production is likely to stay near April levels through 2021, with the natural decline of legacy fields operated by national oil company Petróleos Mexicanos (Pemex) offsetting any production gains at the firm’s so-called priority fields, the International Energy Agency (IEA) said Tuesday.
June 17, 2020
Range Resources Resolves Environmental Charges in Pennsylvania Investigation; Cabot Charged
Range Resources Corp. on Friday pleaded no contest to charges brought by the Pennsylvania Attorney General’s (AG) Office and a statewide grand jury as part of a two-year criminal investigation into unconventional oil and natural gas development.
June 16, 2020
Colorado Heavyweight Extraction Files for Chapter 11 as Covid, Low Prices Continue to Ravage Lower 48
Denver-based Extraction Oil & Gas Inc. announced Sunday it has filed for Chapter 11 bankruptcy protection in the District of Delaware, citing the impacts of Covid-19 and low commodity prices on its business.
June 16, 2020
LNG Q&A: Delfin Execs See Offshore Exports as Game Changer for North American NatGas Supply — Bonus Coverage
Editor’s Note: Enjoy this bonus coverage from NGI’s LNG Insight, which provides daily netback prices, export tracking, shipping costs, and other market-driven news and data. For more information, click here.
June 16, 2020
NGI The Weekly Gas Market Report
Antero Nets $402M from Global Investment Firm, Forecasts Strengthened Natural Gas, NGL Prices
Appalachian natural gas heavyweight Antero Resources Corp. said Monday it has closed an overriding royalty interest (ORRI) transaction with Sixth Street Partners LLC that will result in proceeds of up to $402 million.
June 16, 2020
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