In The News

Friday, 01/18/2019

November 28, 2018 – OilPrice.com

Natural Gas Prices Fall Below Zero In Texas

By: Nick Cunningham

Surging U.S. oil production in the Permian basin has helped crash oil prices. But the Permian is also home to skyrocketing natural gas production, and output is growing so fast that drillers are trying to give it away for free. When they can’t, they just burn it off into the atmosphere.

Unlike in the Marcellus shale, where natural gas is the main target, drilling in the Permian is focused entirely on crude oil. Natural gas is a nice bonus that...

Friday, 01/18/2019

November 27, 2018 – Reuters

Get your natural gas in Texas for 25 cents, if you can

By: Scott DiSavino; Editing by Steve Orlofsky and Jonathan Oatis

 (Reuters) - Next-day natural gas prices for Tuesday at the Waha hub in the Permian basin in Texas tumbled almost 80 percent to their lowest on record because of limits on the amount of gas that can move out of the region by pipeline.…

Read the full article here:...

Tuesday, 11/20/2018

November 15, 2018 – Natural Gas Intelligence

DJ, PRB Infrastructure Expanding as Natural Gas, Oil Production Increases

By Richard Nemec

With natural gas production topping 5 Bcf/d in the Niobrara formation of the Rocky Mountains, including the Powder River Basin (PRB) of Wyoming and the Denver-Julesburg (DJ) Basin of Colorado, the region is becoming a new center for infrastructure build-out.

Both of the basins are targeted for additional processing plant and pipeline capacity, according to RBN Energy LLC’s Housley Carr,...

Tuesday, 11/20/2018

November 12, 2018 – Reuters

North Dakota oil prices set to weaken further amid pipe, rail constraints

By Devika Krishna Kumar, Collin Eaton

NEW YORK/HOUSTON (Reuters) - Bakken crude prices are set to weaken from already low levels in coming months, with the frigid winter in North Dakota likely to disrupt rail loadings and worsen bottlenecks as production soars, traders and executives said.

U.S. oil producers ramped up production in the nation’s third-largest oilpatch, boosting crude output to a record 1.3 million barrels per day (bpd) in...

Tuesday, 11/20/2018

November 10, 2018 – Wall Street Journal

Canada’s Crude Problem: Lots of Oil With Nowhere to Go

Trapped in the country, Canadian oil has never been cheaper compared with U.S. prices

By Stephanie Yang and Vipal Monga

Canada, the world’s fourth-largest producer of crude oil, missed out on a recent global recovery in energy prices, and is now taking it on the chin as prices fall.

Crude prices in Canada briefly dropped below $16 a barrel on Friday, after a U.S. federal judge blocked construction of a key...

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