April 10, 2018 – Natural Gas Intelligence
U.S. E&Ps Practicing Capital Discipline Even as Activity Climbs Onshore
By Carolyn Davis
The global oil and gas industry has begun its second year of recovery, but capital spending only climbed last year by about half as much as originally budgeted, and it is poised to surge this year, according to a survey by Raymond James & Associates Inc…
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April 8, 2018 – OilPrice.com
Permian Bottleneck Could Impact Global Oil Markets
By Nick Cunningham
The Permian basin is driving U.S. shale growth, with expectations that the basin will add enormous volumes this year, keeping the oil market well-supplied. But the Permian’s pipeline network is already filling up, forcing steep discounts for oil, and threatening to derail the aggressive growth projections for the region.
The EIA predicts the Permian will hit 3.156 million barrels per day (mb/d) of output in April, an increase of 80,000 bpd...
April 7, 2018 – Natural Gas Intelligence
April Cold Helps Boost NatGas Futures, But Production Seen Outpacing Demand
By Jeremiah Shelor
Forecasts for yet more April cold helped natural gas futures tick higher Friday as surging production was seen limiting upside heading into the shoulder season. In the spot market, prices in the Mid-Atlantic rose ahead of a cold front expected to sweep through over the weekend as points in the West retreated; the NGI National Spot Gas Average slipped 4 cents to $2.88/MMBtu…
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April 5, 2018 – 24/7 Wall Street
Activist Investor Targets Carrizo, Wants Permian Focus
By Paul Ausick
Over the past three years or so, the oil and gas exploration and production (E&P) segment has lost about 11% of its market value. Since reaching a high over $69 in June of 2014, shares of Carrizo Oil & Gas Inc. (NASDAQ: CRZO) were down about 78%, closing Wednesday night below $15 a share.
Shares have bounced about 10% higher Thursday morning following news that affiliates of activist energy investment firm Kimmeridge Energy...
April 5, 2018 – Natural Gas Intelligence
EIA Says U.S. Natural Gas Storage Capacity Increases 1% in 2017
By: Leticia Gonzales
Underground natural gas storage capacity in the Lower 48 grew by less than 1% year/year to November 2017, with most of the new capacity coming from expansions made to facilities in the East storage region, according to the U.S. Energy Information Administration (EIA).
Storage capacity increased by 34 Bcf, or 0.7%, during the year, with nearly all -- 30 Bcf -- occurring in the East, where gas production has grown...
