Denver (Platts)–29 May 2018 – Drilling permits in Oklahoma’s SCOOP/STACK plays have gone underutilized so far this year compared to recent history,...
Jericho Oil Corporation (“Jericho”) (TSX-V:JCO) (OTC PINK:JROOF) is pleased to provide an update regarding its ongoing participation in its joint venture in...
Kimbell Royalty Partners has agreed to acquire the mineral and royalty interests held by Haymaker Minerals & Royalties and Haymaker Resources in a transaction valued at approximately...
UPDATED 6.5.18 – new regulatory filings just to the northwest of these minerals, with spacing and poolings filed by Calyx Energy in...
Pony Oil, LLC announced this morning that it has acquired a mineral and royalty package of 2,018 Net Royalty Acres across Glasscock County,...
Amid a rising rig count, oil prices fell sharply Friday after influential energy ministers said a group of two dozen producer nations...
The total rig count has been up 11 out of the last 12 weeks. The number of total rigs exploring in the...
On May 9th Vanguard Natural Resources Inc. continued its divestiture plans with multiple agreements to divest noncore assets for gross proceeds of...
OKLAHOMA CITY, May 15, 2018 (GLOBE NEWSWIRE) — Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) today provided an update on...
Enbridge Inc. took its first steps in efforts to reduce the load of debt it took on with its $28.6 billion purchase of...
The Cedar LNG project, a landmark development in the LNG industry, has recently appointed Samsung Heavy Industries and Black & Veatch for the engineering, procurement, and construction of its floating LNG production unit in Kitimat, Canada. This project is significant as it's the world's first Indigenous majority-owned LNG project, a collaboration between the Haisla Nation and Pembina Pipeline Corporation. It aims to export three million tonnes of LNG annually, utilizing Canada’s sustainable natural gas supply from the Coastal GasLink pipeline.
Cedar LNG is designed to be one of the lowest-emitting LNG facilities globally, with a focus on minimizing environmental impact. The facility will be powered by renewable electricity from BCHydro, aligning with the project's commitment to sustainable and low-carbon LNG production. With major regulatory approvals and memorandums of understanding in place for its total liquefaction capacity, Cedar LNG is progressing toward a final investment decision expected by the end of the first quarter of 2024
Saturn Oil & Gas Inc.'s first Open Hole Multi-Lateral (OHML) Bakken well in Southeast Saskatchewan showcased impressive results, with initial production significantly exceeding expectations. The well, drilled with eight open hole, and unstimulated lateral legs, achieved an initial 30-day average production of approximately 233 barrels per day of light oil.
This performance, 49% above the company's expected production curves, demonstrates the effectiveness of OHML drilling. These wells have smaller surface footprints and require less water compared to conventional techniques, enhancing their economic viability. Following this success, Saturn has identified up to 100 OHML drilling locations in the area, suggesting a potential for significant expansion and development in this region
The dramatic decrease in U.S. benchmark natural gas prices, averaging $2.57 per MMBtu in 2023, was a result of a unique combination of factors. Record-high natural gas production, primarily in the Permian, Haynesville, and Appalachia regions, significantly outpaced growth in consumption, leading to this price drop.
Production levels also reached an all-time high of 104 billion cubic feet per day, 4% higher than the previous year. In contrast, demand only saw a 3% increase due to higher exports and a slight rise in natural gas used for electricity generation.
Mild winter temperatures, particularly in January and February, also played a role, leading to reduced consumption in the residential and commercial sectors and the lowest total U.S. natural gas consumption for these months in seven years
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
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