In The News

Monday, 04/23/2018

April 18, 2018 – The Wall Street Journal

Is the U.S. Shale Boom Choking on Growth?

Permian basin, America’s fastest-growing oil field, is hitting its limits

By Alison Sider and Bradley Olson

The oil field at the heart of the U.S. shale boom is hitting the limits of its growth faster than anticipated, a surprise with big ramifications for energy profits and global markets.

The Permian basin of West Texas and New Mexico has been one of the few growth engines for oil production world-wide. The region’s output is on track to single-...

Tuesday, 04/17/2018

April 13, 2018 – InsideClimate News

Canada’s Struggling to Build Oil Pipelines, and That’s Starting to Hurt the Industry

By Nicholas Kusnetz

Protests by Canada’s First Nations and opposition from British Columbia have put another planned tar sands pipeline, Kinder Morgan’s Trans Mountain, in jeopardy.

When the pipeline company Kinder Morgan announced it was suspending work on a major Canadian project that has been delayed by protests and court challenges, it sparked talk of a crisis north of the border and fears that investors may flee...

Friday, 04/13/2018

April 11, 2018 – Natural Gas Intelligence

Natural Gas Futures Higher Amid Estimates for April Storage Withdrawal

By Jeremiah Shelor

Natural gas futures nosed higher Wednesday ahead of a government storage report expected to show a withdrawal for the first week of the injection season thanks to lingering April cold. Spot prices tumbled in the East amid moderating temperatures and falling demand, while SoCal Citygate eased off recent gains; the NGI National Spot Gas Average dropped 17 cents to $2.51/MMBtu.

The May contract settled at $2.675...

Friday, 04/13/2018

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…

Read the full article here: ...

Friday, 04/13/2018

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...

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