Shale Daily

Natural Gas Price Uncertainty, Federal Policies Escalating Unease for U.S. E&Ps, OFS

Natural Gas Price Uncertainty, Federal Policies Escalating Unease for U.S. E&Ps, OFS

Plummeting natural gas prices, workforce shortages, cost inflation and frustration with federal policies are a few of the challenges giving U.S. oil and gas executives headaches, according to a new survey conducted by the Federal Reserve Bank of Dallas. The Dallas Fed, as it is better known, collected responses from 147 firms from March 15-23…

March 30, 2023
PureWest, Proman Using Certified Digital Tokens to Reduce Methanol’s Carbon Footprint

PureWest, Proman Using Certified Digital Tokens to Reduce Methanol’s Carbon Footprint

Denver-based PureWest Energy LLC has completed a blockchain-verified digital token transaction with Proman to help the Swiss-based methanol producer reduce its natural gas-heavy global emissions footprint. Made possible through a partnership with Project Canary and EarnDTL, PureWest’s emissions data was minted into transactable, certified environmental tokens (CET) to help Proman reduce global customers’ Scope 3…

March 30, 2023
Court Upholds Virginia’s MVP Water Permit, But Ruling Forthcoming on West Virginia Approval

Court Upholds Virginia’s MVP Water Permit, But Ruling Forthcoming on West Virginia Approval

The U.S. Court of Appeals for the Fourth Circuit has upheld a crucial water quality permit issued to the Mountain Valley Pipeline (MVP) by Virginia state regulators, keeping the project on track to potentially resume and complete construction later this year. However, a forthcoming ruling on a water quality permit issued by the state of…

March 30, 2023
Crescent Point Building Montney Portfolio with Spartan Delta Deal

Crescent Point Building Montney Portfolio with Spartan Delta Deal

Crescent Point Energy Corp. has agreed to acquire a package of liquids-rich assets in the Montney Shale of Alberta in an all-cash deal with Spartan Delta Corp. valued at C$1.7 billion ($1.2 billion). Spartan said the agreement would reward its stockholders with a payment of C$9.50 ($7.12)/share. “Over the past five years, we have fundamentally…

March 29, 2023
Domestic Crude Production Holds Strong, Prices Recover Despite Banking Crisis

Domestic Crude Production Holds Strong, Prices Recover Despite Banking Crisis

U.S. exploration and production (E&P) firms last week approached the pandemic-era peak oil output level as catalysts for global demand gather and benchmark crude prices recover from fears imposed by financial system upheaval. E&Ps churned out 12.2 million b/d for the week ended March 24, according to the U.S. Energy Information Administration’s (EIA) Weekly Petroleum…

March 29, 2023
Matador Resources to Pay $6M for Permian New Mexico Air Pollution Violations

Matador Resources to Pay $6M for Permian New Mexico Air Pollution Violations

An affiliate of Matador Resources Co. has agreed to pay more than $6 million to resolve allegations by federal and state regulators that it failed to properly capture emissions and comply with other rules at its well sites within the Permian Basin in southeastern New Mexico. Matador Production Co. agreed under a consent decree to…

March 29, 2023
Another Enbridge Line 5 Permitting Delay Pushes Construction to 2026

Another Enbridge Line 5 Permitting Delay Pushes Construction to 2026

Enbridge Inc. said the start of construction on its Line 5 natural gas liquids and oil pipeline could be delayed until 2026 after the U.S. Army Corps of Engineers moved to extend the permitting process for its Michigan project. The Army Corps made the decision to extend the permitting process for the four-mile Great Lakes…

March 28, 2023
What Did Our Editors Learn at CERAWeek 2023? – Listen Now to NGI’s Hub & Flow

What Did Our Editors Learn at CERAWeek 2023? – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow. NGI Managing Editor Carolyn Davis has a roundtable chat with editors Jacob Dick, Kevin Dobbs and Morgan Evans about what they learned at this year’s CERAWeek by S&P Global conference in Houston. The latest on natural gas prices, potential breakthroughs on U.S.…

March 28, 2023
Slumping U.S. Natural Gas Prices Lead Energy Analysts to Lower Forecasts into 2024

Slumping U.S. Natural Gas Prices Lead Energy Analysts to Lower Forecasts into 2024

The U.S. natural gas market is predicted to be oversupplied this year from a warmer-than-normal start to the year and declining demand, which are likely to suppress prices into 2024. Energy analysts trimming their domestic natural gas price forecasts include BMO Capital Markets, Goldman Sachs Commodity Markets, Jefferies and Tudor, Pickering, Holt & Co. (TPH).  …

March 28, 2023
Pennsylvania’s Olympus, Hyperion Gain Dual Certification for Low Natural Gas Emissions

Pennsylvania’s Olympus, Hyperion Gain Dual Certification for Low Natural Gas Emissions

Olympus Energy LLC, which also has a midstream arm, has become the first integrated natural gas producer to independently certify its natural gas, according to management. The Pennsylvania-based exploration and production company focuses on upstream and midstream natural gas resources in the Appalachian Basin. Subsidiary Hyperion Midstream also  gained verification for its gas emissions, both…

March 28, 2023
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