NGL

Amid a mix of regional changes to drilling activity, the U.S. natural gas and oil rig count finished one unit lower at 695 for the week ended Friday (June 9), according to the latest tally from Baker Hughes Co. (BKR). Domestic changes for the period included a two-rig decline in natural gas-directed drilling, which was…

Canadian overseas sales of natural gas liquids (NGL) are poised to grow after AltaGas Ltd. and Dutch storage tank supplier Royal Vopak negotiated an expansion venture for a northeastern British Columbia (BC) shipping site near Prince Rupert. Calgary-based AltaGas said the planned addition, the Ridley Island Energy Export Facility, would include a bulk liquids terminal…

Oneok Inc. is still targeting a final investment decision (FID) by mid-year on the proposed 2.8 Bcf/d Saguaro Connector natural gas pipeline, which would transport natural gas from the Waha hub in West Texas to the Mexico border. The pipeline, if sanctioned, would serve the Saguaro LNG export terminal proposed by Mexico Pacific Ltd. LLC…

The United States have burgeoned as a key energy supplier amid Russia’s war in Ukraine, with petroleum product exports doubling from 2010-2022, and the Energy Information Administration (EIA) is expecting this growth to continue.  In the past year of a major global energy reshuffling, average U.S. petroleum product exports grew 7% to 5.97 million b/d…

Revived drilling contracts in 2022 plumped up the coffers of Ensign Energy Services Inc., a fixture of oilfield operations in Canada and the United States. Operating days were higher “as a result of supportive industry conditions driving activity improvements year/year,” executives said in the quarterly report. “The outlook for oilfield services continues to be positive…

Canada’s top natural gas producer, Tourmaline Oil Corp., is training its sights on the Montney Shale and revamping the marketing portfolio to fetch solid prices in North America and overseas. CEO Michael Rose led a conference call to discuss the Calgary-based exploration and production (E&P) company’s fourth quarter and full-year results. He also offered some…

Range Resources Corp.’s management team brushed aside questions about whether they’ve discussed the possibility of Pioneer Natural Resources Co. acquiring the company during a year-end earnings call.  CEO Jeff Ventura told analysts that a statement Pioneer recently issued downplaying the reports was “good news” for Range. He added that Range is “in a great position…

Enterprise Product Partners LP has $3.6 billion of assets scheduled to begin commercial operations this year to expand natural gas, liquids and crude oil systems across the United States, with almost $2 billion more rolling off the boards through 2025, executives said Wednesday. Co-CEOs Jim Teague and Randy Fowler shared a microphone with the executive…

Targa Resources Corp. has agreed to purchase Blackstone Energy Partners’ 25% interest in Targa’s Grand Prix natural gas liquids (NGL) pipeline for $1.05 billion in cash plus customary working capital adjustments. The transaction, slated to close during the first quarter, would give Houston-based Targa a 100% ownership position in the 1.0 million b/d capacity pipeline.…