US Oil and Gas Rig Count Rises to Highest Since June, Says Baker Hughes
Despite this week’s rig increase, Baker Hughes said the total count was still down 34, or 5% below this time last year.
US NatGas Prices Jump 6% to 25-Month High on Frozen Wells, Record LNG Flows
(Reuters) – U.S. natural gas futures jumped about 6% to a 25-month high on Friday as extreme cold over the past couple of weeks cut output by freezing wells and as gas flows to liquefied natural gas (LNG) export plants hit record highs. In addition, traders noted that colder temperatures than normal so far this …
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ConocoPhillips to Sell Interests in GoM Assets to Shell for $735MM
ConocoPhillips is selling to Shell its interests in the offshore Ursa and Europa fields in the Gulf of Mexico for $735 million.
Viper Makes Leadership Changes Alongside Diamondback CEO Shakeup
Viper Energy is making leadership changes alongside a similar shake-up underway at its parent company Diamondback Energy.
Polar LNG Express: North American NatGas Dynamics to Change with LNG Canada
The next major natural gas export project in North America has a location advantage with Asian markets. LNG Canada opens up a new pathway that will change the price dynamics for producers.
Oil Prices Slip but Remain on Track for Weekly Gain on Supply Jitters
Summary • Brent and WTI up 1.5% over the week • US crude stocks rose, gasoline and distillates decline -EIA • Kazakhstan pumped record high oil volumes -industry sources Feb 21 (Reuters) – Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia while uncertainty looms over …
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Exxon Plans to Ramp Up Guyana Gas Output, Sees Potential for Exports
Guyana has previously been more focused on oil production Fertilizer, alumina, data centers all potential uses of gas By Denis Chabrol Exxon Mobil Corp. outlined plans to increase natural gas production from oil-focused Guyana and is considering options to export the fuel to global markets, country manager Alistair Routledge said Wednesday. Exxon’s developments off the …
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Shale Revives Deal-Making Agenda After Trump Changes Course
Drillers are ramping up consolidation as the new administration changes US policy toward fossil fuels. By David Wethe Welcome to our guide to the commodities powering the economy. Today, reporter David Wethe examines how the shale industry is responding to the Trump administration’s enthusiasm for fossil fuels. Appetite for deals in the US shale patch …
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Trump Will Allow for More Gas Pipe Expansion, Southern CEO Says
Utility says looser rules to spur new plants, pipelines Firm beats 4Q profit estimates, sees data center demand growth By Mark Chediak President Donald Trump’s drive to loosen permitting requirements and speed up the development of energy resources will allow for Southern Co. to expand its natural gas pipeline network and build new gas plants, …
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Matador Touts Cotton Valley ‘Gas Bank’ Reserves as Prices Increase
Matador Resources focuses most of its efforts on the Permian’s Delaware Basin today. But the company still has vast untapped natural gas resources in Louisiana’s prolific Cotton Valley play, where it could look to drill as commodity prices increase.