In The News

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…

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Friday, 04/13/2018

April 8, 2018 –

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...

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...