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• Traders Await EIA Storage Number as Natural Gas Futures Close to Unchanged Early
  Natural gas futures traders appeared to be keeping their powder dry early Thursday ahead of the...
  Natural gas futures traders appeared to be keeping their powder dry early Thursday ahead of the latest government inventory report, with prices hovering close to even day/day. The September Nymex contract was up 0.6 cents to $2.158/MMBtu at around 8:45 a.m. ET.
  
  Reflecting last week’s supply/demand dynamics in the face of cooler weather and impacts from Hurricane Isaias, predictions for the Energy Information Administration (EIA) report, scheduled for 10:30 a.m. ET, have been pointing to a larger-than-average injection. A Bloomberg survey of analyst estimates ranged from a build of 42 Bcf to as high as 65 Bcf, with a median of 56 Bcf. A Reuters poll had a tighter range, and a median injection of 57 Bcf, while a Wall Street Journal poll landed on a build of 56 Bcf. NGI projected a 54 Bcf injection for this week’s report, which covers the week ended Aug. 7.
  
  This would compare with the 51 Bcf recorded by the EIA last year and the 44 Bcf five-year average.
  
  Source: NaturalGasIntel
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• 1 Million Acre Wyoming Land Deal 'On Hold'
  Wyoming's bid to purchase 1 million acres of land with an additional 4 million acres in mineral...
  Wyoming's bid to purchase 1 million acres of land with an additional 4 million acres in mineral rights has been put on hold.
  
  Governor Mark Gordon's office made the announcement Tuesday afternoon. Occidental Petroleum, the current owner, announced that it's negotiating with another bidder for the properties offered for sale in southern Wyoming.
  
  Throughout much of 2020, Gordon has "stressed" that the state was pursuing a once-in-a-generation opportunity to diversify Wyoming's investments.
  
  Gordon says the state's bid has not been withdrawn and is confidential.
  
  The governor does not know the identity of the leading bidder.
  
  Source:  Laramie Live
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• Rove: Election will be a Consequential One for Oil and Gas
  Energy is unlikely...
  
  

  
  
  Energy is unlikely to be a major national issue in the 2020 presidential election campaigns unless President Donald Trump chooses to attack his Democratic opponents over their support of some elements of the Green New Deal, renowned political strategist Karl Rove said during his Summer NAPE keynote address on Aug. 12.
  
  The president could leverage the positions of former Vice President Joe Biden and his running mate, Sen. Kamala Harris, to his advantage “if he tries to make those an issue of the economy, saying what they intend to do on energy, on climate, will affect the size of your utility bill, the quality of American jobs and quantity of American jobs, and affect America’s role as [an] energy leader in the world,” Rove said.
  
  But he added a caveat: “Only if the Trump campaign—in a disciplined, directed, personal fashion—makes this an issue will energy be a part of the stage.”
  
  Source: Hart Energy
  
  

  
  
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• North American energy bankruptcies up amid coronavirus
  A new report by law firm Haynes and Boone...
  A new report by law firm Haynes and Boone shows that another nine North American exploration and production companies filed for bankruptcy protection in July, which puts the cumulative number of upstream bankruptcies so far this year 66% above the figure for the same period last year. "It is reasonable to expect that a substantial number of producers will continue to seek protection from creditors in bankruptcy even if oil prices recover over the next few months," said the report.
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• Stock Market Close - How Did the Major Oil & Gas Companies Perform?
  The S&P 500 gained 1.4% on Wednesday and came within a few points of closing...
  The S&P 500 gained 1.4% on Wednesday and came within a few points of closing at a new record high amid renewed strength in the mega-caps. The Nasdaq Composite set the performance pace with a 2.1% gain. The Dow Jones Industrial Average increased 1.1%, and the Russell 2000 increased by 0.5%.
  
  
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