Report

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

Canada’s Oil, Gas Industry Trailing U.S. Even More, Says Fraser

The Canadian fossil fuel industry is taking a long fall into becoming a poor cousin to its peer in the United States, according to an annual review of the North American energy scene by the Fraser Institute.

May 8, 2019
EIA Reports 92 Bcf Storage Build as May Natural Gas Futures Sit Near $2.50

EIA Reports 92 Bcf Storage Build as May Natural Gas Futures Sit Near $2.50

The Energy Information Administration (EIA) reported a 92 Bcf injection into storage inventories for the week ending April 12, a build that was on the higher end of market expectations and a few Bcf above consensus.

April 18, 2019

Midcontinent E&Ps Hunkering Down, Says Kansas City Fed

Energy activity was flat in the first quarter across much of the Rockies and the northern half of New Mexico, as the region’s exploration and production (E&P) companies said natural gas prices needed to average $3.02/MMBtu for drilling to be profitable, according to the Federal Reserve Bank (Fed) of Kansas City.

April 15, 2019
Oklahoma Reportedly Lost $1.5B in Oil, Gas Revenue During Downturn

Oklahoma Reportedly Lost $1.5B in Oil, Gas Revenue During Downturn

A slowdown in oil and gas activity in Oklahoma between late 2014 and late 2016 created a $1.5 billion, or 15.4%, loss in total state tax revenue, according to a report released last month by the State Chamber of Oklahoma.

April 1, 2019
EIA Storage Data Offers Few Surprises, Keeping Natural Gas Futures Steady

EIA Storage Data Offers Few Surprises, Keeping Natural Gas Futures Steady

Natural gas futures prices charted a relatively tranquil pattern Thursday after the Energy Information Administration’s (EIA) weekly storage report showed a 36 Bcf withdrawal from U.S. stocks that was in line with estimates.

March 28, 2019

Links Between Fracking, Earthquakes Remain Elusive, Canadian Report Finds

Links between hydraulic fracturing (fracking) and earthquakes, and predicting and preventing the tremors, remain riddles requiring far more scientific study, according to a report commissioned by the British Columbia (BC) government.

March 21, 2019
North Dakota Considers Underground Natural Gas Storage to Cut Flaring

North Dakota Considers Underground Natural Gas Storage to Cut Flaring

If various regulatory and economic hurdles can be overcome, storage of produced natural gas through reinjection in the oil patch may prove to be a breakthrough for curbing flaring in North Dakota’s Bakken Shale, according to a state-sponsored report released Wednesday.

January 17, 2019
DOE Highlights Case for Appalachian NGL Storage Hub in Report to Congress

DOE Highlights Case for Appalachian NGL Storage Hub in Report to Congress

The Department of Energy (DOE) on Tuesday unveiled a long-awaited report demonstrating the feasibility of developing a natural gas liquids (NGL) storage hub in the Appalachian Basin that it says would increase supply and geographic diversity for the nation’s petrochemical and plastics industries.

December 5, 2018
As Permian Output Upends Global Oil Markets, E&Ps Advised to Prepare

As Permian Output Upends Global Oil Markets, E&Ps Advised to Prepare

U.S. oil and natural gas independents need to position themselves to survive and thrive as the domestic markets are overhauled and excess onshore production is exported to global markets, according to an analysis.

October 18, 2018