Natural Gas News

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Provides Supplementary Update on 2020 Hedge Position

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Provides Supplementary Update on 2020 Hedge Position

MIDLAND, Texas, March 31, 2020 (GLOBE NEWSWIRE) — Viper Energy Partners LP (NASDAQ: VNOM) (“Viper” or the “Company”) today provided an update to its oil hedge position for the remainder of 2020. The Company has now hedged the majority of …

U.S. rig count decreased by 44 this week, at 728

U.S. rig count decreased by 44 this week, at 728

This week’s Baker Hughes rig count shows that U.S. had a decrease of 44 over last week, resulting in a total count of 728 rigs. Canada had a decrease of 44 over last week, resulting in a total Canadian count …

San Diego MTS expands sustainable transit with 26 more buses from New Flyer

San Diego MTS expands sustainable transit with 26 more buses from New Flyer

March 27, 2020 - 6:30 am Natural Gas News, Press Releases
Weekly Gas Storage: Inventories decrease by  29 Bcf

Weekly Gas Storage: Inventories decrease by 29 Bcf

Natural Gas Inventories as of March 20, 2020

The EIA has released its natural gas inventory report, showing a net decrease of 29 Bcf as of March 20, 2020.

Working gas in storage was 2,005 Bcf as of Friday, March …

European natural gas storage inventories are at record-high levels at the end of winter

European natural gas storage inventories are at record-high levels at the end of winter


EIA


European natural gas storage inventories as of March 1, 2020, were 60% full—the highest ever recorded level for the start of March, according to Gas Storage Europe’s Aggregated Gas Storage Inventory (AGSI+). European stock levels for both January and …

March 24, 2020 - 10:15 am EIA News That Matters, Natural Gas News
U.S. rig count decreased by 20 this week, at 772

U.S. rig count decreased by 20 this week, at 772

This week’s Baker Hughes rig count shows that U.S. had an decrease of 20 over last week, resulting in a total count of 772 rigs. Canada had a decrease of 77 over last week, resulting in a total Canadian count …

Weekly Gas Storage: Inventories decrease by 9 Bcf

Weekly Gas Storage: Inventories decrease by 9 Bcf

Natural Gas Inventories as of March 13, 2020

The EIA has released its natural gas inventory report, showing a net decrease of 9 Bcf as of March 13, 2020.

Working gas in storage was 2,034 Bcf as of Friday, March …

Jadestone Energy Inc. Announces Revised 2020 Capex Guidance and Update on Vietnam

Jadestone Energy Inc. Announces Revised 2020 Capex Guidance and Update on Vietnam

SINGAPORE / ACCESSWIRE / March 19, 2020 / Jadestone Energy Inc. (AIM:JSE, TSXV:JSE) (“Jadestone” or the “Company”), an independent oil and gas production company focused on the Asia Pacific region, provides an update on its 2020 capital expenditure guidance.

Enerflex Provides Capital Expenditure, Dividend, and Operational Update

Enerflex Provides Capital Expenditure, Dividend, and Operational Update

“The uncertainty caused by the COVID-19 pandemic and recent market volatility has significantly changed our growth plans for the year. As stewards of capital, the current environment requires that we take a more defensive position to maintain balance sheet strength …

Goodrich Petroleum Announces Revised Capital Expenditure Budget And 2020 Guidance

Goodrich Petroleum Announces Revised Capital Expenditure Budget And 2020 Guidance

Goodrich Petroleum Corporation (NYSE American: GDP) today announced it has lowered its 2020 preliminary capital expenditure budget by $15 million to $40 – $50  million, which is expected to generate free cash flow of an estimated $15 – $25 million

Malampaya with depletion compression platform and bridge; Source: Shell

Chevron closes sale of gas project in Philippines

Off Shore Energy


Philippines-based Udenna Corporation has completed the acquisition of Chevron’s interest in Service Contract 38 in the Philippines, also known as the Malampaya natural gas project.

Udenna’s subsidiary, UC Malampaya Philippines Pte Ltd., in October 2019 signed a …

U.S. rig count decreased by 1 this week, at 792

U.S. rig count decreased by 1 this week, at 792

This week’s Baker Hughes rig count shows that U.S. had an decrease of 1 over last week, resulting in a total count of 792 rigs. Canada had a decrease of 27 over last week, resulting in a total Canadian count …

BNK Petroleum Inc. Announces Annual 2019 Results, 75% of 2020 Oil Production Hedged at $56.62

BNK Petroleum Inc. Announces Annual 2019 Results, 75% of 2020 Oil Production Hedged at $56.62

“The Company has extensive commodity contracts in place for 2020 which significantly protects the operating cash flow from our existing wells from market price fluctuations during the year.  We have commodity contracts in place for over 75% of our existing …

Gran Tierra Energy Inc. Announces Revised 2020 Capital Program

Gran Tierra Energy Inc. Announces Revised 2020 Capital Program

Gary Guidry, President and Chief Executive Officer of Gran Tierra, commented: “We operate 29 of our 31 blocks and over 95% of our producing assets and therefore have significant control over capital allocation and timing. As a result of current …

March 12, 2020 - 7:23 pm International, Natural Gas News, Press Releases
Source: Houston Chronicle

A global natural gas market is starting to emerge

Houston Chronicle


Financial derivatives linked to liquefied natural gas are mushrooming as a market crash and a boom in physical trading creates an appetite to manage risk and provides opportunity to speculate on prices.

The growth is helping speed up …

March 12, 2020 - 2:30 pm Energy News, LNG, Natural Gas News
Lonestar announces bolstered hedge positions

Lonestar announces bolstered hedge positions

Oil and Gas 360


FORT WORTH, Texas: Lonestar Resources US Inc. (NASDAQ: LONE) (together with its subsidiaries, “Lonestar,” “our” or the “Company”) announced that it has entered into a series of hedge transactions which considerably enhance the certainty around crude …

March 12, 2020 - 1:30 pm Closing Bell Story‎, Energy News, Natural Gas News
Weekly Gas Storage: Inventories decrease by 48 Bcf

Weekly Gas Storage: Inventories decrease by 48 Bcf

Natural Gas Inventories as of March 6, 2020

The EIA has released its natural gas inventory report, showing a net decrease of 48 Bcf as of March 6, 2020.

Working gas in storage was 2,043 Bcf as of Friday, March …

Source: Reuters

Premium of U.S. oil over natural gas falls to lowest in over a year

Reuters


The collapse of U.S. oil prices earlier this week and a rise in natural gas futures cut the oil-to-gas ratio to its lowest since January 2019, as some analysts saw a silver lining in the oil price drop for …

Source: Houston Chronicle

Man-made natural gas disaster for New England

Energy Central


Oil & Gas Publishers Note: Excellent piece by Ron Miller about importing liquefied natural gas from Russia into the New England area, rather than using resources from the United States. 

Boston is importing liquefied natural gas from Russia, …

Diamondback Energy, Inc. provides operational update

Diamondback Energy, Inc. provides operational update

Oil and Gas 360


MIDLAND, Texas, March 09, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today provided an operational update given recent commodity price volatility. Diamondback is reducing activity immediately from nine completion crews …

Source: Houston Chronicle

Plunging oil prices might be just what U.S. gas drillers needed

Houston Chronicle


As the collapse of OPEC+ talks on production cuts sent energy stocks into a tailspin, one corner of the industry defied the rout: U.S. natural gas drillers.

Shares of gas producers including Cabot Oil & Gas Corp., Southwestern …

EIA expects pipelines will increase natural gas deliverability in New England as a result of infrastructure upgrades

EIA expects pipelines will increase natural gas deliverability in New England as a result of infrastructure upgrades

EIA


Several natural gas pipeline upgrades are either planned or under construction in New England, which will increase deliverability into the region during the next several years. According to the U.S. Energy Administration’s (EIA) tracking of natural gas pipeline projects

March 7, 2020 - 8:43 pm EIA News That Matters, Natural Gas News, Pipeline News
U.S. rig count increased by 3 this week, at 793

U.S. rig count increased by 3 this week, at 793

This week’s Baker Hughes rig count shows that U.S. had an increase of 3 over last week, resulting in a total count of 793 rigs. Canada had a decrease of 37 over last week, resulting in a total Canadian count …

Source: Houston Chronicle

Canada’s LNG dreams fade as blockades add new costs to industry

Houston Chronicle


Hopes that Canada could turn into a gas export powerhouse seem to be waning fast.

The current climate for energy investments in the country and the global market for liquefied natural gas are a far cry from October …

March 6, 2020 - 12:00 pm Canada, Closing Bell Story‎, Energy News, LNG, Natural Gas News
Weekly Gas Storage: Inventories decrease by 109 Bcf

Weekly Gas Storage: Inventories decrease by 109 Bcf

Natural Gas Inventories as of February 28, 2020

The EIA has released its natural gas inventory report, showing a net decrease of 109 Bcf as of February 28, 2020.

Working gas in storage was 2,091 Bcf as of Friday, February …

U.S. rig count decreased by 1 this week, at 790

U.S. rig count decreased by 1 this week, at 790

This week’s Baker Hughes rig count shows that U.S. had a decrease of 1 over last week, resulting in a total count of 790 rigs. Canada had a decrease of 4 over last week, resulting in a total Canadian count …

Source: Houston Chronicle

Tellurian rattled as Indian buyer seeks competing deal

Houston Chronicle


Houston-based Telluraian, along with its $28 billion export project, has been rattled by the attempts of a potential major customer in India to probe the market for competing supplies, highlighting mounting pressure on sellers amid a global glut …

February 27, 2020 - 11:00 am Closing Bell Story‎, Energy News, LNG, Natural Gas News
Weekly Gas Storage: Inventories decrease by 143 Bcf

Weekly Gas Storage: Inventories decrease by 143 Bcf

Natural Gas Inventories as of February 21, 2020

The EIA has released its natural gas inventory report, showing a net decrease of 143 Bcf as of February 21, 2020.

Working gas in storage was 2,200 Bcf as of Friday, February …

EIA forecasts natural gas inventories will reach record levels later this year

EIA forecasts natural gas inventories will reach record levels later this year

EIA


In the U.S. Energy Information Administration’s (EIA) February Short-Term Energy Outlook (STEO), EIA forecasts that the Lower 48 states’ working natural gas in storage will end the 2019–20 winter heating season (November 1–March 31) at 1,935 billion cubic feet …

Source: Reuters

U.S. shale oil outlook darkens as by-product prices slide

Reuters


DENVER/NEW YORK – U.S. shale oil drillers could scale back investment in production more quickly than previously expected this year after prices slid for what had been a lucrative by-product of their operations.

Oil producers have already taken a …