Report

EIA Reports Draw on U.S. Crude Stocks, but Petroleum Demand Also Down to Close Out 2020

EIA Reports Draw on U.S. Crude Stocks, but Petroleum Demand Also Down to Close Out 2020

U.S. crude oil stocks declined by 8 million bbl during the week ended Jan. 1, although demand for petroleum products also fell sharply for the period, according to updated statistics published Wednesday by the Energy Information Administration (EIA). EIA said in its latest Weekly Petroleum Status Report that domestic crude inventories, excluding the Strategic Petroleum…

January 6, 2021
Pennsylvania Saw Another Banner Year for Natural Gas  in 2019

Pennsylvania Saw Another Banner Year for Natural Gas in 2019

Natural gas production again broke records last year in Pennsylvania even as activity declined amid a weak market. Unconventional natural gas volumes reached 6.8 Tcf in 2019, up from 6.1 Tcf in the prior year. Conventional gas production continued slipping as it has for years now to 71.4 Bcf in 2019 from 102.2 Bcf in…

September 16, 2020
National Grid’s NYC Long-Term NatGas Supply Constraint Solutions Heavy on LNG

National Grid’s NYC Long-Term NatGas Supply Constraint Solutions Heavy on LNG

In an effort to meet current and future New York City natural gas supply constraints, National Grid is planning to deploy a series of measures to maintain near-term system reliability while mulling over a host of longer-term solutions, a number of which prominently feature liquefied natural gas (LNG).

February 26, 2020
North American E&Ps Facing Debt Challenges Again as Natural Gas, Oil Prices Languish

North American E&Ps Facing Debt Challenges Again as Natural Gas, Oil Prices Languish

Natural gas prices continue to languish and oil prices have failed to strengthen despite recent geopolitical events, indicating more North American energy operators may face restructuring or bankruptcy through the first half of 2020, according to Haynes and Boone LLP.

January 23, 2020
North American E&Ps Facing Debt Challenges Again as Natural Gas, Oil Prices Languish

North American E&Ps Facing Debt Challenges Again as Natural Gas, Oil Prices Languish

Natural gas prices continue to languish and oil prices have failed to strengthen despite recent geopolitical events, indicating more North American energy operators may face restructuring or bankruptcy through the first half of 2020, according to Haynes and Boone LLP.

January 23, 2020

New Mexico’s Oil, Natural Gas Growth Squeezing Regulatory Oversight

New Mexico needs to boost staffing and pay competitive salaries to oil and gas regulators, along with working to improve drilling application approvals, according to a report card by the state’s Legislative Finance Committee (LFC).

January 2, 2020
‘Broad Diversity’ Seen in U.S. E&P Dealmaking During 3Q

‘Broad Diversity’ Seen in U.S. E&P Dealmaking During 3Q

U.S. exploration and production (E&P) dealmaking has begun, extending beyond the Permian Basin, with the Top 10 deals surpassing $17 billion in the third quarter, Enverus reported Wednesday.

October 3, 2019

Further Research Exposes Montney Shale Earthquake Risks

Cracked rock layers and pressure pockets riddle Montney Shale gas drilling territory with earthquake hazards in northern British Columbia (BC), according to a report completed for the province’s Oil and Gas Commission (BCOGC).

September 26, 2019
EIA Report Below Consensus; Natural Gas Futures See Small Bump

EIA Report Below Consensus; Natural Gas Futures See Small Bump

The Energy Information Administration (EIA) on Thursday reported a leaner-than-expected 78 Bcf build into U.S. natural gas stocks, injecting a little upward movement into a futures market that had sold off in recent sessions.

September 12, 2019
EIA Reports 115 Bcf Storage Build, Drops Mic on Natural Gas Futures

EIA Reports 115 Bcf Storage Build, Drops Mic on Natural Gas Futures

The Energy Information Administration (EIA) dropped another bombshell on the natural gas market, reporting a 115 Bcf injection into storage inventories for the week ending June 14.

June 20, 2019
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