Natural Gas News

Natural Gas Bulls are Having a ‘Jurassic Park’ Moment

From Crain’s Cleveland Business/Bloomberg

North America’s natural gas market just had a “Jurassic Park” moment — a reference to that scene in the old Steven Spielberg movie where two children are puzzled by ripples in a water cup, which turn …

February 7, 2017 - 10:33 am Closing Bell Story‎, Energy News, Midstream, Natural Gas News
Atlantic Sunrise Pipeline Approved

Atlantic Sunrise Pipeline Approved

Cabot Oil & Gas shares like the news

The $3 billion Atlantic Sunrise pipeline expansion that’s been awaiting approval by pipeline developer Williams Partners L.P. (ticker: WPZ) was approved by the Federal Energy Regulatory Commission (FERC) on Feb. 1, clearing …

EQT Plans Increased Marcellus Activity in 2017

EQT Plans Increased Marcellus Activity in 2017

EQT targets 200 wells for Pennsylvania and West Virginia

EQT Corporation (ticker: EQT) announced fourth quarter earnings yesterday, reporting a net loss of $192 million, or ($1.11) per share. After adjusting for impairments and other items affecting comparability, earnings were …

U.S. transparency reversal stings Canadian, European oil firms

From Reuters:

A reversal of U.S. transparency requirements for the natural resources industry could give American oil companies an edge over Canadian and European rivals who face some of the toughest rules in the world, according to company executives, …

February 3, 2017 - 10:17 am Closing Bell Story‎, Energy News, Natural Gas News

Uniper hires Goldman to sell stake in Italy LNG terminal

From Reuters:

Germany’s Uniper (UN01.DE) has hired Goldman Sachs (GS.N) to sell its stake in a liquefied natural gas (LNG) terminal in Italy, a deal that could value the whole business at 1 billion euros …

February 3, 2017 - 10:15 am Closing Bell Story‎, Energy News, Natural Gas News

Japan considers buying more U.S. energy as Abe prepares to meet Trump

From Reuters:

Japanese Prime Minister Shinzo Abe is considering increasing energy imports from the United States, two sources familiar with the plan told Reuters, as he prepares to meet President Donald Trump, who has complained about Japan’s trade surplus.…

February 3, 2017 - 10:14 am Closing Bell Story‎, Natural Gas News

India’s oil minister unveils strategy to integrate state firms

From S&P Global Platts:

India is embarking on a plan to create a few integrated state oil firms by consolidating some of the existing ones, which is expected to help the firms absorb the shock of wild price fluctuations …

February 3, 2017 - 10:11 am Closing Bell Story‎, Crude Oil News, Natural Gas News

American steel companies ‘fully prepared’ to supply pipelines, US Steel CEO says

From CNBC:

United States Steel and other American manufacturers are “absolutely” prepared to produce steel for the pipelines President Donald Trump wants built, the company’s CEO told CNBC on Wednesday.

Earlier in the week, Trump reiterated his insistence that …

February 3, 2017 - 10:03 am Closing Bell Story‎, Crude Oil News, MLP News, Natural Gas News

Record: Natural Gas Powers 69% of Israel’s Electricity

From Haaretz

Israel hit a record amount of natural gas production of electricity on Tuesday evening: As of shortly before 8 P.M., 69% of the country’s power was being produced from natural gas.

A growing share of Israel’s electricity is …

February 2, 2017 - 10:37 am Closing Bell Story‎, Energy News, Natural Gas News
What Does a Growth Company Look Like Following the Downcycle?

What Does a Growth Company Look Like Following the Downcycle?

Investors valued debt-adjusted growth even more in 2016

The crash in oil prices which started at the end of 2014 exposed a number of oil and gas companies that had sacrificed their balance sheet in the name of growth. Many …

Netherland Sewell: School is Back in Session

Netherland Sewell: School is Back in Session

Financial professionals are encouraged to register now for Netherland Sewell 2017 Oil & Gas Property Evaluation Seminars while seats are available

Each year since 1994, Netherland Sewell & Associates, Inc. (NSAI), one of the industry’s most highly regarded petroleum consulting …

EIA November NatGas a Mixed Bag

EIA November NatGas a Mixed Bag

November electric power deliveries 2nd highest since EIA began tracking them

In its Natural Gas Monthly released today, the EIA outlined U.S. natural gas production and consumption for November 2016.

Natural gas production increased 2.2% over October 2016 levels, but …

Exxon Mobil: $2 Billion Rocky Mountain Dry Gas Impairment Thunks Earnings

Exxon Mobil: $2 Billion Rocky Mountain Dry Gas Impairment Thunks Earnings

Exxon Mobil will start developing Delaware basin assets in 2017

Exxon Mobil (ticker: XOM) reported fourth quarter results today, showing lower earnings than expected. Net fourth quarter earnings were $1.680 billion, or $0.405 per share. Overall 2016 earnings are $7.840 …

Shell Selling North Sea Assets to Chrysaor for $3.8 Billion

Shell Selling North Sea Assets to Chrysaor for $3.8 Billion

Deal will make Chrysaor one of the largest UK oil and gas producers 

Royal Dutch Shell (ticker: RDSA) has agreed to sell a package of UK North Sea assets to privately held UK producer Chrysaor for a total of up …

SM Energy Wells on Acquired Midland Acreage Exceeding Production Estimates

SM Energy Wells on Acquired Midland Acreage Exceeding Production Estimates

SM Energy announces the results of 8 Midland wells on its recently acquired acreage

SM Energy (ticker: SM) released initial production results from eight wells drilled on acreage the company acquired from Rock Oil and QStar, saying that the …

Project Slowdown in North Sea and UK Drag Down BHI Revenue, Earnings

Project Slowdown in North Sea and UK Drag Down BHI Revenue, Earnings

GE merger on schedule

Baker Hughes (ticker: BHI) reported fourth quarter earnings on Thursday, showing a wider loss than expected.

Net loss was $417 million, or ($0.98) per common share, which includes charges related to asset impairments, restructuring charges, loss …

AltaGas to Acquire WGL Holdings in C$8.4 Billion Transaction

AltaGas to Acquire WGL Holdings in C$8.4 Billion Transaction

Deal creates Montney/Marcellus/Utica Midstream Export Opportunity

AltaGas Ltd. (ticker: ALA) and WGL Holdings, Inc. (ticker: WGL) announced on Jan. 25, 2017, they have entered into a definitive agreement and plan of merger for AltaGas to acquire WGL in an all …

Permian Rig Count Now 60% Higher than Last Year: BHI

Permian Rig Count Now 60% Higher than Last Year: BHI

Total U.S. rig count up 18 from last week

The rig count continued to rise in the United States for the week ended January 27, 2017, according to Baker Hughes Industries (ticker: BHI). The total count now stands at 712, …

EnerCom Launches EnerCom’s Effective Rig Count

EnerCom Launches EnerCom’s Effective Rig Count

EnerCom’s Effective Rig Count is a measure of drilling efficiency that accounts for the unique attributes of shale and the way shale plays are being developed in 2017

The industry has traditionally relied on the BHI weekly rig count as …

Range Resources Announces a 22% Increase in Proved Reserves

Range Resources Announces a 22% Increase in Proved Reserves

Range Resources replaces 292% of production with reserves

Fort Worth-based Range Resources (ticker: RRC) put out a press release Friday announcing that the company’s proved reserves as of December 31, 2016 were 12.1 Tcfe, up 22% from year-end 2015. The …

Sanchez Energy Announces 2016 Operating Results

Sanchez Energy Announces 2016 Operating Results

Additional 110,000 Acres Leased in the Western Eagle Ford

Sanchez Energy Corporation (ticker: SN) announced operating results for 2016, highlighting the following:

  • As previously announced, Sanchez Energy along with Blackstone Energy Partners has signed an agreement to acquire $2.3
Chevron Looks to Expand Permian Activity in 2017

Chevron Looks to Expand Permian Activity in 2017

Chevron targets Permian, Western Australia, Kazakhstan for 2017 capital expenditures

Chevron Corporation (ticker: CVX) released its fourth quarter results today, showing significantly lower earnings than expected. Net earnings were $415 million, or $0.22 per share, bringing total 2016 results in …

Federal Revenue from Energy Hits 12-Year Low in 2016 at only $6 Billion

Federal Revenue from Energy Hits 12-Year Low in 2016 at only $6 Billion

Lower oil prices see federal revenues from oil and gas operations at their lowest point since at least 2004

Federal revenue from energy production on federal and American Indian lands fell for a second consecutive year to the lowest point …

Trump Administration Action Signals Plans to Move Forward with Keystone XL and Dakota Access

Trump Administration Action Signals Plans to Move Forward with Keystone XL and Dakota Access

Trump executive action could expedite energy pipeline projects

President Donald Trump signed executive actions to accelerate the Keystone XL and Dakota Access pipeline projects and to decree that American steel should be used for pipelines built in the United States, …

US oil and gas mergers gained momentum and almost hit $200 billion last year

From CNBC:

Mergers across the U.S. oil and gas industry totaled nearly $200 billion in 2016 as crude prices stabilized and major producers agreed to output cuts, a new report from PwC shows.

The auditing firm expects the tailwinds …

Double-Digit Gains in the Permian Lead Growth in the Rig Count

Double-Digit Gains in the Permian Lead Growth in the Rig Count

U.S. rig count is growing, particularly in the Permian, as OPEC appears to be complying

The United States rig count grew by 35 in the week ended January 20, 2017, according to Baker Hughes Industries (ticker: BHI). The total count …

LNG Traders Netting $1 Million per Cargo from U.S. To Asia

From Reuters:

U.S. liquefied natural gas exporters are sending tankers to Asia to fill a gap in the region’s demand as markets have tightened more-than-expected on surging consumption in China and Pakistan, and because of Australia’s struggles to ramp …

January 20, 2017 - 4:27 pm Closing Bell Story‎, Energy News, Natural Gas News

Hottest Thing in LNG Is Producing Power as Record Glut Looms

From Bloomberg:

Seeking new ways to market their product, producers of liquefied natural gas are turning to an age-old technique: packaging.

As demand for electricity booms in developing nations from South Africa to Chile, LNG producers are offering to …

January 18, 2017 - 4:44 pm Closing Bell Story‎, Energy News, Natural Gas News

Global oil, gas discoveries drop to 70-year low: Rystad Energy

From Reuters:

Oil and gas discoveries around the world dropped last year to their lowest since the 1940s after companies sharply cut back in their search for new resources amid falling oil prices.

The decline in discoveries means companies …

China Sees Falling Crude, Rising Natgas Production through 2020

China Sees Falling Crude, Rising Natgas Production through 2020

The National Development and Reform Commission releases its projections for the remainder of the decade

China expects crude oil production to fall by 7% compared with its previous five-year plan as production from some of the country’s largest, and oldest, …