Articles by: Tyler Losier, Energy Reporter

Cheniere Appoints New Board Member

Cheniere Appoints New Board Member

Michele A. Evans joins the company as an independent director
Michele A. Evans has been elected to serve on the Cheniere Energy, Inc. (stock ticker: LNG) board of directors as an independent director. She was also appointed to the audit

June 11, 2019 - 5:36 pm
Source: SBM Offshore

Petrobras Gets New Offshore Partner

FPSO Mero 2 expected to produce 180,000 BOPD
SBM Offshore N.V., a holding company headquartered in Amsterdam, signed a letter of intent this week with Petróleo Brasileiro S.A. (Petrobras) for a 22.5-year lease to operate its floating production storage and

June 11, 2019 - 3:53 pm
More Takeaway on the Way: $4.1 Billion in Pipelines will Deliver Permian, Bakken Oil Production to the Gulf

More Takeaway on the Way: $4.1 Billion in Pipelines will Deliver Permian, Bakken Oil Production to the Gulf

Liberty Pipeline LLC
On Monday, Phillips 66 (stock ticker: PSX) and Bridger Pipeline LLC announced the formation of a 50/50 joint venture, Liberty Pipeline LLC, in order to build a 24-inch crude oil pipeline running from the Rocky Mountain and

June 11, 2019 - 3:32 pm
Vaca Muerta Basin Gets Green Light from Oil Major

Vaca Muerta Basin Gets Green Light from Oil Major

ExxonMobil to proceed with long-term development, two-phase attack in South American shale play
Tuesday morning, ExxonMobil (stock ticker: XOM) announced its plans to proceed with the long-term development of its assets in the Vaca Muerta basin in Argentina’s Bajo del

June 11, 2019 - 12:30 pm
Source: Arrow Exploration

Two New Discoveries in Colombia

Arrow Exploration Corp.
Arrow Exploration Corp. (stock ticker: AXL:CA), operating in Colombia via its 100% owned subsidiary Carrao Energy S.A., announced that the 11-day production test of its Rio Cravo Este-1 (RCE-1) exploration well had concluded June 9. RCE-1 is

June 10, 2019 - 6:44 pm
Source: EIA

U.S. Gulf Coast Crude Oil Imports at Lowest Level Since 1986

Domestic production has reduced imports approximately 83% since peak
As of March of this year, the EIA estimates that the United States Gulf Coast imports approximately 1.8 million barrels of crude oil per day (BOPD), the lowest recorded rate since

June 7, 2019 - 5:34 pm
Source: Federal Reserve Bank of Dallas

Dallas Fed: Oil Companies Need $50 per Barrel to Break Even

Average breakeven fell 4% over the past year
With the price of oil in a pretty constant state of volatility as of late, the breakeven point for crude is an important number to keep in mind.

According to the Federal

June 7, 2019 - 3:35 pm
Source: EnerCom Analytics, Baker Hughes

U.S. Rig Count Drops by Nine This Week

Canadian numbers rise by 18

This week’s Baker Hughes rig count shows that U.S. numbers fell by nine, bringing the total down to 975. Compared to this time last year, the decline is even steeper, with yearly numbers down 87 …

June 7, 2019 - 3:01 pm
International Rig Count: Inclusion of Ukrainian Rigs Juices the Total

International Rig Count: Inclusion of Ukrainian Rigs Juices the Total

Baker Hughes (stock ticker: BHGE) released its monthly international rig count today, revealing an increase of 64 compared to April, bringing the total number of rigs to 1,126. The number of offshore rigs, however, fell 11 compared to last month, …

June 7, 2019 - 2:41 pm
Source: Hurricane Exploration

Hurricane Exploration Achieves First Oil at 20,000 BOPD from Two Wells

Combined flow from two wells reached 20,000 BOPD target
Hurricane Exploration plc, a U.K.-based oil and gas company focusing on naturally fractured basement reservoirs, achieved first oil this Tuesday, reaching its targeted production rate of 20,000 BOPD from the Lancaster

June 7, 2019 - 11:05 am
Source: Electrify America

Volkswagen Subsidiary Invests $2 Billion So You Can Charge Your Tesla at Walmart

Plan for a country-wide network of charging stations is underway
It’s one of the biggest roadblocks surrounding the widespread adaptation of electric vehicles (EVs); what happens when the battery is depleted?

Walmart, in partnership with Electrify America, a wholly owned

June 6, 2019 - 4:51 pm
Source: WhiteWater Midstream

Whistler Pipeline Project Reaches FID

Multifaceted partnership will proceed with design and construction
A partnership involving several midstream companies and private equity firms has reached a final investment decision for the Whistler pipeline project, expected to run 475 miles and transport approximately 2 billion cubic

June 6, 2019 - 3:29 pm
Weekly Gas Storage: Another Build

Weekly Gas Storage: Another Build

By Tyler Losier, Energy Reporter, Oil & Gas 360


Natural Gas Inventories as of May 31, 2019

The EIA has released its natural gas inventory report, showing a build of 119 Bcf as of May 31.

Working gas in storage …

June 6, 2019 - 10:55 am