Thursday, November 28, 2024
Natural Gas Pipeline - Oil & Gas 360

Natural Gas Prices Up 72% in Six Months as Drilling Slows

Natural gas prices are looking bullish as associated gas production falls The price of natural gas is up more than 72% in the last six months as drilling in the U.S. slows. An unusually warm summer kept demand high and helped to push prices from $1.90 per MMBtu on April 15, to $3.28 on Monday. Prices could dip in the

Wattenberg Player Extraction Oil & Gas Goes Public

Extraction expects net proceeds of roughly $594.1 million from IPO Extraction Oil & Gas, Inc. (ticker: XOG) announced yesterday the pricing of its initial public offering of 33,333,333 shares of its common stock at $19.00 per share. Extraction was initially offering the shares at an estimated price range of $15.00 to $18.00. The company’s shares began trading on the NASDAQ Wednesday, opening at $22.75. During

PEMEX Hopes to Attract Capital to Ultra-Deep Projects through Farm Outs

PEMEX hopes to attract its first consortium of international majors,  for Trion farm out As Mexico continues the privatization of its oil and gas sector, state-run PEMEX is seeking international oil majors to help develop the country’s more technically challenging offshore assets. Among the first that PEMEX is looking to develop in cooperation with other companies is the Trion light

West Virginia Suffers Worst Industrial Job Loss since the Recession

Coal industry sheds 21% of its West Virginia jobs, no longer state’s largest industrial employer West Virginia shed more industrial jobs over the past twelve months than at any year since the end of the recession, according to a new report in the 2017 West Virginia Manufacturers Register®, an industrial database and directory published by Manufacturers’ News. According to the

Indian Crude Oil Imports Up 17.7% from Last Year – Hitting Record High

Crude oil imports in India reach 4.47 MMBOPD Demand for crude oil in India remains a bright spot in the markets as imports continue to grow month-over-month. Imports of crude oil grew to a record high 4.47 MMBOPD in September, according to Reuters, 17.7% higher than this time last year. The increased imports lent some support to oil prices today,