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Over, Under, Sideways, Down - Energy Transfer's Gulf Run Pipeline Expands Critical Louisiana LNG Feedgas Corridor
If pipeline-constrained Haynesville Shale producers’ New Year’s resolution was to grow volumes, they just got a big boost: Energy Transfer recently placed in service its new Gulf Run Transmission natural gas pipeline in Louisiana, increasing …
The Contenders - What We Know of the Secret List of Survivors of DOE’s Hydrogen Hub Cutdown
The U.S. has committed billions of dollars over the last couple of years to clean-energy initiatives, everything from advanced fuels and carbon-capture technology to renewable energy and electric vehicles. The “all-of-the-above” approach also includes …
Top 10 RBN Energy Prognostications for 2023, Encore Edition – Year of the Rabbit
Worried about 2023? Well, you’ve got good reason to be. This year energy markets are at the mercy of a hot war in Europe, the threat of a global recession, looming China/Taiwan hostilities, the impending onslaught of new energy transition programs from …
Breaking the Chains, Part 3 - Tier 3 Gasoline Specs Can Handcuff Production, But Refiners Have Options
Senior refining executives were called to Washington, DC, in June, around the time U.S. gas prices hit their high-water mark for the year, as the government sought recommendations about how to increase the supply of gasoline. One suggestion made to …
I've Come To Expect It From You - The 2023 Outlook for Permian Gas and Oil Markets
You probably won’t be surprised to hear that we believe the Permian Basin is set for another year of crude oil and natural gas production growth. Everyone’s come to expect that from the Permian. What is new, though, is that the vast production area in …
What's It All About, Alky?, Part 2 - Could a Proposed EPA Rule Spur More Refinery Closures?
Since 2019, more than 1.3 MMb/d of U.S. refinery capacity has been either shut down for economic reasons or converted to renewable diesel production. The decline in the nation’s ability to produce gasoline and diesel hampered the refining sector’s …
When the Levee Breaks - Why U.S. Natural Gas Liquids Production is Surging
Since the advent of the Shale Revolution way back in 2008, U.S. production of natural gas liquids from gas processing has grown pretty much non-stop, from an annual average of 1.8 MMb/d 15 years ago to 5.9 MMb/d in 2022 — a 9% compound annual growth rate. …
Ruby, Ruby, When Will You Be Mine - Tallgrass Bid Breathes New Purpose into Languishing Ruby Pipeline
Tallgrass Energy last month snagged an early Christmas present: It won a bid for Ruby Pipeline, the beleaguered Rockies-to-West Coast natural gas system that has long been underutilized and cash-poor. In doing so, it beat out one of the largest midstream …
It’s Growing - E&Ps' Investment Likely to Accelerate in 2023 After Steady Rise Through 2022
While soaring commodity prices have been the most important driver of record E&P cash flow generation over the past 12 months, shareholders have also benefited from a new, post-pandemic financial discipline that has lowered the industry’s reinvestment …
Gas-Weighted E&Ps' Capex and Production
E&D Capex ($MM) Company Ticker 2014 2015 2016 2017 2018 2019 2020 2021 2022 1Q 2022 2Q 2022 3Q 2022 %Chg vs 2021 Antero Resources AR $2,477 $1,616 $1,481 $1,282 $1,486 $1,254 $826 $601 $688 $688 $738 $788 31% Chesapeake Energy CHK $4,625 $3,053 $1,364 …
Diversified E&Ps' Capex and Production
E&D Capex ($MM) Company Ticker 2014 2015 2016 2017 2018 2019 2020 2021 2022 1Q 2022 2Q 2022 3Q 2022 %Chg vs 2021 APA Corp. APA $10,153 $4,091 $1,420 $2,698 $3,321 $2,464 $1,200 $1,387 $1,400 $1,525 $1,525 $1,731 25% Civitas Resources CIVI $2,079 $1,036 …
Oil-Weighted E&Ps' Capex and Production
E&D Capex ($MM) Company Ticker 2014 2015 2016 2017 2018 2019 2020 2021 2022 1Q 2022 2Q 2022 3Q 2022 %Chg vs 2021 Berry Petroleum BRY $556 $130 $13 $65 $143 $278 $97 $154 $130 $130 $130 $143 -7% California Resources CRC $2,086 $333 $123 $382 $690 $535 $53 …
If You’re Gonna Play in (South) Texas - You Gotta Have This Map in Your Hands
Over the past few years — and with a big boost from Permian production growth — the South Texas coast has transformed itself into a top-tier hub for hydrocarbons. Crude oil exports stand out, of course, with marine terminals in Corpus Christi/Ingleside …
Out of This World – Latest Cold Blast Sets New Records for the Canadian Gas Market
In a part of the world where enduring a cold winter is often seen as a badge of honor, the latest cold blast that descended on Canada just before Christmas — and during Christmas in the U.S. — was another one for the natural gas record books. By almost …
Top 10 RBN Energy Prognostications for 2023 - Year of the Rabbit
Worried about 2023? Well, you’ve got good reason to be. This year energy markets are at the mercy of a hot war in Europe, the threat of a global recession, looming China/Taiwan hostilities, the impending onslaught of new energy transition programs from …
The Top 10 RBN Energy Prognostications - 2022 Scorecard
As we bid adieu to 2022, it’s once again time for the Top 10 RBN Energy Prognostications, our long-standing tradition where we look into our crystal ball to see what the upcoming year has in store for energy markets. And unlike many forecasters, we also …
I Want Security, Yeah - The Top 10 RBN Blogs of 2022: All About Energy Security
Well, you might say energy markets got smacked upside the head in 2022. After a decade of energy abundance, a meltdown in demand in 2020, and what looked like a budding recovery in 2021, energy security had devolved into a back-burner issue. After all, …
Cover Me, Part 4 - EPA Proposal Brings Third Parties into Fight Against Methane 'Super-Emitters'
The Biden administration’s first foray into reducing methane emissions from oil and gas operations, released in November 2021, promised to reduce emissions from hundreds of thousands of existing sites, expand and strengthen emission-reduction …
Money - Shareholder Returns Reach Record Levels in Q3 as E&Ps' Cash Generation Remains Strong
One of life’s vicarious pleasures is indulging in some daydreaming about what we’d do with a substantial financial windfall, maybe from a lottery win, a bequest from a long-lost relative, or a five-horse parlay. Thanks to a dramatic surge in post-pandemic …
We Three Kings - Is U.S. LNG Development Cornered by the Big Three Developers?
This year there’s been unprecedented forward momentum for LNG development. Since 2022 began, two U.S. projects have reached a final investment decision (FID), with a third expected to reach that milestone in early 2023. Offtakers have committed to 38 …