Topic / NGL

Subscribe

NGL

Whiting Sees Commodity Prices Strengthen, but Bakken Oil Output Down and Natural Gas, NGLs Flat from Year Ago

Whiting Sees Commodity Prices Strengthen, but Bakken Oil Output Down and Natural Gas, NGLs Flat from Year Ago

Bakken Shale producer Whiting Petroleum Corp. posted higher 1Q2021 revenues despite lower production as commodity prices strengthened. Output declined in the first quarter to 8.1 million boe from 8.44 million boe in 4Q2020. Natural gas production totaled 10.3 Bcf compared to 10.7 Bcf in 4Q2020, while natural gas liquids (NGL) output rose slightly to 1.56…

May 9, 2021
Permian Pure-Plays Laredo, Centennial See Production Back on Track Post-Uri

Permian Pure-Plays Laredo, Centennial See Production Back on Track Post-Uri

Permian Basin pure-plays Laredo Petroleum Inc. and Centennial Resource Development Inc. each reported production impacts from the freezing weather wrought by Winter Storm Uri during February, but the storm also resulted in a sharp uptick in revenue from selling more oil and gas.  Tulsa,OK-based Laredo reported Permian volumes were down year/year at 78,989 boe/d from…

May 8, 2021
Antero Warns of Winter Propane Shortages Without Adequate Stock Builds

Antero Warns of Winter Propane Shortages Without Adequate Stock Builds

Executives at Appalachian pure-play Antero Resources Corp., the nation’s second largest natural gas liquids (NGL) producer, are warning that without an adequate build in propane inventories through the fall, the world would be undersupplied this winter.  “U.S. domestic propane buyers will need to outbid export markets this summer to build sufficient inventories for this upcoming…

May 7, 2021
Range Gets Boost from Natural Gas, NGL Pricing

Range Gets Boost from Natural Gas, NGL Pricing

Range Resources Corp. got a boost from improved commodity pricing in 1Q2021, including a 44% rise in natural gas prices and a 77% increase in natural gas liquids (NGL) prices. The Appalachian Basin pure-play on Tuesday reported an average realized natural gas price of $2.58/Mcf compared to $1.74/Mcf a year ago.  Range also reported an…

April 27, 2021
Outlook Brightens for Oil and Gas Demand as Vaccines Take Hold, Moody’s Says

Outlook Brightens for Oil and Gas Demand as Vaccines Take Hold, Moody’s Says

Moody’s Investors Service upgraded its outlook for the global energy industry on Monday, citing a sustained increase in commodity prices and expectations for global economic growth to drive increased oil and gas demand over the next 12 to 18 months. The firm said it expects that, as vaccine programs become prevalent and the coronavirus outbreaks…

April 26, 2021
Louisiana Renewable Diesel Plant Looking to FID in 2022

Louisiana Renewable Diesel Plant Looking to FID in 2022

A 171-acre site at the Port of Columbia in Caldwell Parish, LA, could be the site of a 32 million gallons/year renewable diesel plant, Gov. John Bel Edwards said Friday. Strategic Biofuels LLC CEO Paul Schubert, who joined Edwards in the announcement, said subsidiary Louisiana Green Fuels (LGF) is developing the site on the Ouachita…

April 24, 2021
Updated Regulations Needed for Offshore Oil, Natural Gas Pipelines, Says GAO

Updated Regulations Needed for Offshore Oil, Natural Gas Pipelines, Says GAO

The Government Accountability Office (GAO) urged federal regulators to continue working to update regulations to ensure the integrity of about 8,600 miles of active offshore oil and gas pipelines. The U.S. government watchdog also handed down recommendations for addressing the environmental and safety risks associated with decommissioning. The GAO said the Department of the Interior’s…

April 24, 2021
Natural Gas Rig Count Unchanged in U.S. as One Oil Rig Exits Patch

Natural Gas Rig Count Unchanged in U.S. as One Oil Rig Exits Patch

The U.S. natural gas rig count held flat at 94 during the week ended Friday (April 23), while a small contraction in oil-directed drilling saw the combined domestic tally ease lower, according to data from Baker Hughes Co. (BKR). Oil rigs fell one unit to 343 in the United States for the week, lowering the…

April 23, 2021
Interior Halting Oil and Gas Leases on Federal Lands, Offshore Through June

Interior Halting Oil and Gas Leases on Federal Lands, Offshore Through June

The U.S. Interior Department ceased new oil and gas lease sales on federal lands and offshore through at least June as officials this week extended a review of the program’s impact on climate change. Interior’s Bureau of Land Management (BLM) said it is “exercising its discretion to not hold lease sales” through the second quarter.…

April 22, 2021
Increased Ethane Supply Said Crucial to Mexico’s Petchem Sector

Increased Ethane Supply Said Crucial to Mexico’s Petchem Sector

Mexico’s petrochemicals sector has suffered from underinvestment and the prioritization of crude oil production by state oil company Petróleos Mexicanos (Pemex), according to a new issue brief published by Rice University’s Baker Institute for Public Policy.  These factors have led to a steady decrease over the last decade in Pemex’s production of ethane and ethane…

April 19, 2021
‹ Previous 1 2 3 4