Friday, May 22, 2026

59 Year Record: U.S. Is a Net Exporter of Natural Gas for First Time Since 1958

Exports outweigh imports in February, April, May: EIA The U.S. has been a net exporter of natural gas for three of the first five months of 2017, according to a note released by the EIA. This is historically significant, as February, April and May are so far the only months in which the U.S has been a net exporter of

PDC Energy: Delaware Basin Production Accelerates in Q2

Revenue up 93% YOY; first Delaware XRL producing 2,000 BOEPD for 100 days; PDC spuds 44 Wattenberg wells in Q2 PDC Energy (ticker: PDCE) announced second quarter results today, showing net income of $41.2 million, or $0.62 per share. This considerably exceeds the $95.5 million loss the company took in Q2 2016, and is almost equal to the $46.1 million

A Significant Gas Discovery in New Mexico’s San Juan Basin

IP 30 of 12.9 MMcf/d from Mancos shale – highest in 14 years: BP BP (ticker: BP) announced a discovery in New Mexico today, with strong results from a natural gas well in the Mancos Shale in the San Juan Basin. The NEBU 602 Com 1H well targets the Mancos Shale with a 10,000’ lateral in San Juan County, New

5 EnerCom Presenters Report Q2

Oil & Gas Conference® presenters Lonestar, Resolute, Carrizo, Black Stone, Denbury report a busy quarter Lonestar Resources During its second quarter, Lonestar Resources (ticker: LONE) indicated that its production had risen by 7% above Q1 volumes. The company averaged Q2 production of 5,635 BOEPD—over its 5,266 BOEPD in Q1. In mid-June, Lonestar closed on an approximately $110.6 million acquisition of

Canadian Dollar Hovers Near a 3-Week Low as Oil Falls

From BNN/Reuters The Canadian dollar steadied on Tuesday against its U.S. counterpart, holding near a three-week low set the day before, as oil prices fell and data showed slower Chinese and German trade growth. U.S. crude prices were down 0.63 percent at $49.08 a barrel as high oil production in many parts of the world offset news of lower crude

Iraqi Oil minister Visits Saudi Arabia to Talk OPEC, Cooperation

From Reuters DUBAI (Reuters) – Iraqi oil minister Jabar al-Luaibi departed for Saudi Arabia on Tuesday where he will meet his counterpart Khalid al-Falih to discuss oil market developments and OPEC’s efforts to stabilize the market. The visit follows an invitation from Saudi Energy Minister Falih and Luaibi will be accompanied by a delegation of Iraqi energy officials, the Iraqi