In The News

Friday, 04/13/2018

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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Friday, 04/13/2018

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...

Friday, 04/13/2018

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...

Friday, 04/13/2018

April 5, 2018 – Reuters

Texas oil output surge clogs pipelines, depresses prices

By: Devika Krishna Kumar

NEW YORK (Reuters) - The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected.

That has depressed prices there, posing a threat to future production, while providing a boost to pipeline companies as the lines have filled to near-capacity.

With few new pipeline...

Friday, 04/13/2018

April 2, 2018 – Natural Gas Intelligence

Natural Gas Production Weighs on Bidweek Prices as Market Takes Stock of Winter

By: Jeremiah Shelor

A hefty storage deficit combined with near-record production had April natural gas bidweek traders taking stock of the market’s supply and demand balance on the cusp of injection season; the NGI National Bidweek Average shaved off 7 cents month/month to $2.36/MMBtu.…

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