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CNX Resources Says E&P, Midstream Operations are Carbon Negative

CNX Resources Says E&P, Midstream Operations are Carbon Negative

Appalachian pure-play CNX Resources Corp. said Wednesday that it’s net carbon negative for Scope 1 and 2 emissions, stressing a “tangible” accomplishment at a time when its peers are advancing ambitious goals to cut environmental footprints in the future.  Announced along with the release of its corporate responsibility report, the company said it believes it’s…

July 24, 2021
Schlumberger Sees International Activity Leading Post-Covid Recovery, while North America Growth Moderates

Schlumberger Sees International Activity Leading Post-Covid Recovery, while North America Growth Moderates

The head of oilfield services (OFS) giant Schlumberger Ltd. said the company is “seizing the beginning of the upcycle,” with international activity expected to lead growth — and North America set to moderate — in the continued recovery from Covid-19. On the 2Q2021 earnings call with investors Friday, CEO Olivier Le Peuch said that while…

July 24, 2021
Baker Hughes Bullish on Global Natural Gas Market; Investment in Energy Transition Continues

Baker Hughes Bullish on Global Natural Gas Market; Investment in Energy Transition Continues

Baker Hughes Co. (BKR) has made investment in “new energy frontiers” a key part of its strategy moving forward, but management for the oilfield services provider still sees a bright outlook for the global natural gas market. Remarking on the company’s recently released 2Q2021 financial results, CEO Lorenzo Simonelli struck an optimistic tone when discussing…

July 23, 2021
Natural Gas Rig Count Unchanged as Oil Activity Surges

Natural Gas Rig Count Unchanged as Oil Activity Surges

The U.S. natural gas rig count held steady at 104 during the week ended Friday (July 23), while a ramp-up in oil drilling drove the combined domestic tally seven units higher to 491, according to the latest data from oilfield services provider Baker Hughes Co. (BKR). All seven rigs added domestically for the week went…

July 23, 2021
Ohio Oil and Gas Production Saw Steep Declines During Pandemic

Ohio Oil and Gas Production Saw Steep Declines During Pandemic

Ohio’s oil and natural gas production dropped last year as operators shut in volumes and curbed activity amid the Covid-19 pandemic, according to the Ohio Oil and Gas Association’s (OOGA) annual Debrosse Memorial Report.   Natural gas production fell by 10% year/year to 2.4 Tcf in 2020, according to estimates included in the report. Oil production…

July 23, 2021
Permian Leads Surge in Land Activity as U.S. Rig Count Rises to 491

Permian Leads Surge in Land Activity as U.S. Rig Count Rises to 491

A ramp-up in oil drilling, especially in the Permian Basin, sent the U.S. rig count surging seven units higher to 491 for the week ended Friday (July 23), the latest numbers from oilfield services provider Baker Hughes Co. (BKR) show. All of the net gains domestically for the week occurred in the oil patch, with…

July 23, 2021
Colorado Health Department Launches Airborne Methane Emissions Monitoring

Colorado Health Department Launches Airborne Methane Emissions Monitoring

Last week, Colorado’s Department of Public Health and Environment (CDPHE) went airborne to survey methane emissions at major oil and gas sites in the Denver-Julesburg Basin.  This was the first of many flights scheduled for 2021, according to CDPHE. Aerial monitoring will continue over Boulder, Weld and Larimer counties, with more concentrated aerial surveys in…

July 23, 2021
Santos Sees LNG Sales Drop After Darwin Selldown; Overall Revenue Hits Record on Stronger Pricing

Santos Sees LNG Sales Drop After Darwin Selldown; Overall Revenue Hits Record on Stronger Pricing

Australian liquefied natural gas (LNG) exporter Santos Ltd. saw sales volumes and revenue from the super-chilled fuel drop in 2Q2021 following the sale of a chunk of its ownership in the Darwin LNG plant in the northern part of the country. Santos said Thursday it logged 1.04 million metric tons (mmt) in LNG sales volumes…

July 23, 2021
Pinnacle Midstream Moving Ahead with Permian Natural Gas Processing Plant

Pinnacle Midstream Moving Ahead with Permian Natural Gas Processing Plant

Pinnacle Midstream II LLC on Wednesday sanctioned a 200 MMcf/d natural gas processing facility in the Permian Basin of West Texas. The company said it would move ahead with the plant as part of the second phase of its Dos Picos natural gas gathering system that came online in the first quarter of this year…

July 23, 2021
North Dakota Oil Production Flat, But Gas Increases 1%

North Dakota Oil Production Flat, But Gas Increases 1%

North Dakota’s Bakken Shale oil production under-performed in its most recent monthly statistics, reflecting a “serious shortage of hydraulic fracturing (fracking) crews,” the state’s chief oil/natural gas regulator Lynn Helms reported Tuesday. Helms told a webinar with reporters that he expects to see improvement in the summer months, but the May statistics — 34.9 million…

July 22, 2021
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