Post Tagged with: "natural gas"

EOG on a Roll: 9500 Locations, 40 Rigs, 20 Frac Spreads, 720 Planned Completions for 2018

EOG on a Roll: 9500 Locations, 40 Rigs, 20 Frac Spreads, 720 Planned Completions for 2018

EOG Resources (ticker: EOG) reported its Q3 results Thursday, and held its earning call today.

Highlights from the Q3 Results include:

  • Raised 2018 Capex Guidance Range to $5.8-$6.0 billion.
  • Third quarter 2018 net income of $1.2 billion, or $2.05 per
Range Appoints Director

Range Appoints Director

Source: Range Resources Corporation

FORT WORTH, Texas, Nov. 01, 2018 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that Steve Gray has been appointed to the Company’s Board of Directors. Mr. Gray’s …

November 2, 2018 - 12:26 pm Closing Bell Story‎, Corporate Governance
Source: EQT

EQT Elects New Directors

EQT Announces Appointment of New Directors

October 25, 2018 - 11:40 am Closing Bell Story‎, Corporate Governance, Press Releases
EQT Updates Spin-off of Equitrans Midstream

EQT Updates Spin-off of Equitrans Midstream

EQT Board of Directors Approves Spin-off of Equitrans Midstream Corporation

October 25, 2018 - 6:00 am Closing Bell Story‎, Press Releases
Canada Gas Pipeline Explosion May Drive Jones Act Waiver Requests

Canada Gas Pipeline Explosion May Drive Jones Act Waiver Requests

From gCaptain – Don Martin

An explosion on October 9 to the Enbridge natural gas pipeline in Canada near Prince George B.C. threatens natural gas distribution to the refineries located in Anacortes, Washington.

Refineries in the Anacortes area in Washington …

LNG Canada Terminal Does Little for Short-Term Prices but Boosts Gas Producer Confidence

LNG Canada Terminal Does Little for Short-Term Prices but Boosts Gas Producer Confidence

From The Canadian Press

The approval of Canada’s first LNG export terminal is expected to boost investor confidence in Canada’s natural gas sector, industry observers say.

But LNG Canada’s ability to provide a new market for Western Canadian natural gas …

October 3, 2018 - 5:06 am Canada, Closing Bell Story‎, Energy News, LNG
U.S. July Dry Gas Production Highest for Any Month Since 1973

U.S. July Dry Gas Production Highest for Any Month Since 1973

EIA’s most recent issue of Natural Gas Monthly contains extensive revisions to data for 2016, 2017, and year-to-date 2018 because of benchmarking to annual data published in the Natural Gas Annual 2017 (NGA).

In July 2018, for the 15th consecutive …

September 28, 2018 - 5:43 pm Closing Bell Story‎, Natural Gas News
Egypt Brings Three Mega-Sized Natural Gas Plants Online

Egypt Brings Three Mega-Sized Natural Gas Plants Online

Country invested in three 4,800-MW NatGas plants as part of its 50%, $9-billion power generation expansion

From Power Magazine

New natural gas-fired power plants and wind farms are part of Egypt’s strategy to increase the country’s power generation by at …

September 19, 2018 - 2:49 pm Closing Bell Story‎, Energy News, Power Generation
Report: West Virginians Saved More Than $4 Billion Over 10 Years from Lower Natural Gas Prices

Report: West Virginians Saved More Than $4 Billion Over 10 Years from Lower Natural Gas Prices

Report: West Virginians Saved More Than $4 Billion Over 10 Years from Lower Natural Gas Prices

September 18, 2018 - 8:30 am Closing Bell Story‎, Energy News, Press Releases
Coal Production Cuts Continue with Power Plant Retirements: S&P

Coal Production Cuts Continue with Power Plant Retirements: S&P

From IEEFA

Coal producers delivered 51.4 million tons of coal, 6.6% of the coal mined in the U.S. in 2017, to power plants scheduled to retire in the next 10 years as a secular decline in domestic demand continues to …

September 7, 2018 - 6:50 am Closing Bell Story‎, Energy News
The New Gas Market: Shipowners Mandated to Clean Up the Air

The New Gas Market: Shipowners Mandated to Clean Up the Air

From The Wall Street Journal

The global shipping industry could become a new market for liquefied natural gas, thanks to a drastic change in maritime law that aims to curb air pollution.

Major cruise liners and the world’s biggest freight …

August 23, 2018 - 7:31 am Closing Bell Story‎, Energy News
EIA Releases STEO

EIA Releases STEO

The EIA today released data on the main energy producing industries in the U.S, and its predictions for 2019.

Commodities pricing

In July 2018, Brent crude oil spot prices averaged $74 per barrel (b), which is largely unchanged from the …

Are High Oil Prices Starting To Hurt Wind Power?

Are High Oil Prices Starting To Hurt Wind Power?

From Forbes

The U.S. uses very little oil to generate electricity, but our energy sectors are inextricably connected, so changes in one often affects others. For example, we are starting to see the rumblings of how the price of oil …

August 2, 2018 - 12:35 pm Closing Bell Story‎, Commodity Pricing, Renewable Energy
Natural Gas Cleared for Latin American Export

Natural Gas Cleared for Latin American Export

From Reuters

The U.S. Energy Department on Wednesday cleared the way for faster approval of small scale exports of natural gas including liquefied natural gas to Latin American countries by issuing a rule that does away with a public interest …

Natural Gas Won’t Disappear from Electrification: EPRI, AGA Studies

Natural Gas Won’t Disappear from Electrification: EPRI, AGA Studies

From Daily Energy Insider

SCOTTSDALE, Ariz. – While details of studies conducted by the Electric Power Research Institute (EPRI) and the American Gas Association (AGA) on electrification differed, neither study found that natural gas would be eliminated completely in an …

July 20, 2018 - 3:31 pm Closing Bell Story‎, Commodity Pricing
Gas Bottleneck in Permian Widens Price Differential

Gas Bottleneck in Permian Widens Price Differential

According to the EIA’s most recent Drilling Productivity Report, the natural gas spot price spread between the Permian Basin, as priced at the Waha Hub in western Texas, and the U.S. national benchmark Henry Hub in Louisiana has grown dramatically …

Methanex to Supply 2.4 Million Tonnes of Natural Gas Annually to New Zealand

Methanex to Supply 2.4 Million Tonnes of Natural Gas Annually to New Zealand

Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has signed agreements in New Zealand that are expected to supply gas to underpin over half of Methanex’s 2.4 million tonnes of annual production capacity in New Zealand for a period of …

Ukraine

Gas Talks to Continue with Ukraine and EU: Russian Energy Minister Novak

From Reuters

Russian Energy Minister Alexander Novak said on Tuesday that three-way talks with Ukraine and the European Union would continue in the autumn, after he met representatives from Kiev and the European Commission in Berlin.

He also reiterated a …

Could Renewable Energy Really Breeze Past Natural Gas?

Could Renewable Energy Really Breeze Past Natural Gas?

From Forbes

Natural Gas is getting mixed reviews when it comes to the climate cause. One side is saying that it is cutting into coal’s marketshare and thereby drastically reducing heat trapping emissions while the other is noting that it …

July 5, 2018 - 1:12 pm Closing Bell Story‎, Energy News, Renewable Energy
Vaquero Midstream Caymus II Plant Becomes Operational

Vaquero Midstream Caymus II Plant Becomes Operational

From PR News Wire

On June 1st, 2018, Vaquero Midstream began processing rich natural gas through its 2nd 200 MMCFD UOP Russell cryogenic processing plant at the Caymus Natural Gas Processing Facility in Pecos County, Texas. Caymus II became operational …

June 14, 2018 - 3:12 pm Closing Bell Story‎, Energy News, Midstream
Source: XOM

Phillips 66 to Expand Sweeny Hub Fractionation Capacity by 300,000BPD

From Business Wire

Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, today announced it is proceeding with an expansion of the company’s Sweeny Hub. This project includes the construction of two 150,000 barrel-per-day (BPD) natural gas liquids …

Championing Coal and Nuclear Likely to Take Market Share from NatGas

Championing Coal and Nuclear Likely to Take Market Share from NatGas

Gas-powered generation companies unhappy about administration’s coal and nuclear power bailout plans

From US News

President Trump’s most recent move, an announcement last week that his administration will once again try to prop up ailing coal and nuclear plants, drew …

June 7, 2018 - 6:44 pm Closing Bell Story‎, Energy News
Wyoming Files Suit Opposing BLM Rule on Flaring - Oil & Gas 360 flare

Gas Glut in Permian Sparks Dilemma Over How Much to Burn

Bottlenecks expected to make producers desperate to flare more; Texas RRC could loosen flaring rules

From Bloomberg

Texas is facing a burning question that’s pitting the state’s economy against its environment, and oil drillers against each other.

With natural gas …

API Says Steel Tariffs Will Hurt Oil, Gas, NGLs

API Says Steel Tariffs Will Hurt Oil, Gas, NGLs

Jack Gerard, president and chief executive officer of the American Petroleum Institute, issued a statement on behalf of its oil and gas industry members speaking against the decision by the White House to activate steel tariffs on Canada, Mexico and …

June 1, 2018 - 2:34 pm Closing Bell Story‎, Oil and Gas 360 Articles
Daily Dry Gas Production for March Sets 45-Year Record

Daily Dry Gas Production for March Sets 45-Year Record

According to the EIA, March 2018 marked the tenth consecutive month of increased production of dry natural gas. The average daily rate of dry natural gas production in March 2018 was also at an historic high at 79.6 BcF/ day. …

Multi-Basin Contango Pushes Permian Action – Looking for Eight More Southern Del Wells

Multi-Basin Contango Pushes Permian Action – Looking for Eight More Southern Del Wells

Contango Oil & Gas Company (ticker: MCF) posted a net income of $0.9 million, or $0.04 per share for Q1 2018. Production for the first quarter of 2018 was approximately 4.5 Bcfe, or 50.0 MMcfe/d.

President and CEO Allan D. …

State-of-the-Art Gas Fired Power Station is Generating Power for 2.5 Million People after Conversion from Coal

State-of-the-Art Gas Fired Power Station is Generating Power for 2.5 Million People after Conversion from Coal

$700 million investment addresses growth in the region and expected future energy demand 

Project benefited 150 companies, contributed $12 million to local subcontractors

A new 750-megawatt combined-cycle natural gas plant at the W.S. Lee Station in Anderson County, S.C., began …

Liquefied Natural Gas Plant, Australia

U.S. Crude Oil, NatGas Exports Both Hit New Highs

U.S. crude oil exports grew to an average of 1.1 MMBOPD in 2017, the EIA said, which is the second full year since restrictions on crude oil exports were removed. Crude oil exports in 2017 were nearly double the level …

Tantalizing Prospect for Canadian Gas Producers: Shell Mulls Investment in New Wave of LNG Projects

Tantalizing Prospect for Canadian Gas Producers: Shell Mulls Investment in New Wave of LNG Projects

From the Financial Post

Shell chief executive Ben van Beurden says the company is looking to finalize new investments, which may the LNG Canada project

Tellurian’s Souki says long-term LNG contracts are going to be a thing of the past

March 9, 2018 - 11:59 am Closing Bell Story‎, Energy News, LNG
Dallas Fed’s Mine Yücel talks about Global Oil & Gas Output and the Goldilocks Price for 2018

Dallas Fed’s Mine Yücel talks about Global Oil & Gas Output and the Goldilocks Price for 2018

The Federal Reserve Bank of Dallas is populated with smart people who track the comings and goings of all the factors affecting the energy industry, not just in Texas but globally.

Dallas Fed SVP and Research Advisor Mine Yücel discussed …