Thursday, November 21, 2024

U.S. Dept. of Interior Opens Up Vast Portions of OCS with Historic Lease Program

Proposed OCS lease sale would open Atlantic, Pacific, Eastern GOM – all have been closed since early 1980s   U.S. Secretary of the Interior Ryan Zinke announced the next step for development of the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) for 2019-2024. The program proposes to make over 90 percent of the total OCS

ONEOK Plans $1.4 Billion Williston NGL Pipeline

The existing Bakken NGL and Overland Pass Pipelines are operating at full capacity. Additional NGL takeaway capacity is critical to meeting the needs of producers who are increasing production – Spencer ONEOK, Inc. (ticker: OKE) plans to invest $1.4 billion for a new pipeline and related infrastructure to transport NGLs from the Rocky Mountain region to the company’s existing Mid-Continent

Massive Nor’easter Pushes Gas Prices, Consumption to Record Levels

New York spot prices reaching $46.50/MMBTU A heavy winter storm roared through New England today, bringing high winds and snowfall to the region. Morning forecasts predicted New York could see snow accumulations of nine inches, and even higher snowfalls in many other major cities. This storm follows several weeks of cold weather throughout the U.S., which fueled massive natural gas

Suncor Energy: 2017 Production Update

Suncor Energy Inc. (ticker: SU) released end-of-year production numbers and provided an update to the Fort Hills dispute. Highlights Upstream production of 736,000 BOEPD Oil sands produced 447,000 bbls/d, including 6,000 bbls/d from Fort Hills Syncrude produced 325,000 bbls/d for the quarter, 174,000 bbls/d net to Suncor International E&P production of 115,000 BOEPD Bitumen upgrader operations ran at utilization rates