Friday, April 4, 2025

China Gas Demand to Surge In 2019, But Maybe Not Enough to Sop Up LNG Glut

From Reuters China’s natural gas demand is set to grow by 14 percent in 2019 amid a huge government push to spur consumption of the fuel, a senior industry executive said, requiring the nation to import huge amounts of liquefied natural gas (LNG). Yet even China’s booming consumption may not soak up a large glut of LNG that has emerged

Callon Petroleum Sells Non-Core Midland Basin Assets

Selling Ranger area in southern Midland Basin – includes 9,850 net Wolfcamp acres, 4,000 BOEPD production Callon Petroleum Company (stock ticker: CPE, $CPE) said it is selling non-core assets in the Midland Basin for initial cash proceeds of $260 million. The agreement also provides for potential incremental cash payments of up to $60 million based upon future commodity prices with upside participation starting at the $60/Bbl West