(Yahoo Finance) – Average daily volume (ADV) in U.S. natural gas futures and options on the New York Mercantile Exchange rose in September from a year earlier, data from its owner CME Group showed. For the month, futures ADV was 492,825 contracts, up 35.3% from a year ago. Futures ADV hit a monthly record of 677,112 contracts in November 2018.
(Oil & Gas 360) DENVER, September 25, 2024 – BKV Corporation (“BKV”) today announced the pricing of its initial public offering of 15,000,000 shares of its common stock at $18.00 per share. The underwriters will have a 30-day option to purchase an additional 2,250,000 shares from BKV at the initial public offering price, less underwriting discounts and commissions. The shares will begin
(BOE Report) – U.S. energy company EQT plans to reverse some natural gas production curtailments in October and November as demand for the fuel and prices increase, CEO Toby Rice told Reuters on Wednesday. EQT, the biggest U.S. natural gas producer, has along with other U.S. drillers curtailed output in 2024 after prices collapsed to multi-year lows in the spring
(Oil & Gas 360) – Energy policy was cited as a significant reason for the growing gap in global competitiveness between the European Union (EU) and its rivals China and the United States in a 400-page report to the EU released earlier this month. The report was submitted by Mario Draghi, who was prominent in the EU for nearly
World Oil (Bloomberg) – America’s oil and gas boom got a surprising endorsement Thursday from the president’s top climate adviser, as John Podesta hailed surging domestic production as an economic win for the country. The growth has made the U.S. the world’s largest oil producer — pumping almost 50% more crude each day than Saudi Arabia. It’s “been good for
BOE Report Chevron does not want to invest in the construction of U.S. LNG plants, as it is not the best use of the company’s capital and it can easily sell its U.S. gas, said a top official on Thursday. The head of Chevron’s midstream, Colin Parfitt, also ruled out taking an equity stake in Woodside Energy’s impending purchase of Louisiana-based
Oil and Gas 360 Agreement accelerates KTG’s objective of becoming fully integrated provider of natural gas from wellhead to water Kimmeridge’s recent control investment in Commonwealth to support 9.5 mtpa LNG export facility in Louisiana through FID in 1H 2025 HOUSTON and NEW YORK, Sept. 19, 2024 /PRNewswire/ — Kimmeridge Texas Gas (“KTG”) and Commonwealth LNG (“Commonwealth”) have entered into a Heads of Terms agreement with
World Oil (Bloomberg) – Diamondback Energy Inc., one of the Permian basin’s biggest oil companies, is considering using some of the natural gas it produces to generate electricity to run drilling and fracing operations. Permian producers have increasingly shifted operations from diesel generators to electricity supplied by the local power grid. But the Texas grid can be unreliable at times,
(Oil & Gas 360) – A report from the International Gas Union (IGU) suggests reasons for optimism about the future of the world marketplace for LNG exporters and importers. Measuring its calculations through millions of tons per annum (MTPA), 2023 saw over 400 million tons traded on the global LNG market. The number represents 70 MTPA growth y-o-y, the highest
(Oil & Gas 360) – Another 2.5 bcf/d of takeaway is coming for Permian gas via the Matterhorn Express Pipeline, which is expected to be put into service just in time for heating season. According to project lead EnLink Midstream of Houston, Matterhorn is expected to deliver enough natural gas for two million homes after its 580-mile route from the
BOE Report U.S. natural gas futures climbed about 2% to an eight-week high on Wednesday as oil and gas producers continued to cut output before Hurricane Francine slams into the Louisiana coast later Wednesday. Front-month gas futures for October delivery on the New York Mercantile Exchange rose 4.9 cents, or 2.2%, to $2.281 per million British thermal units (mmBtu) at
Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Diversified Energy Company PLC is an independent energy company engaged in the production, marketing, transportation and retirement of primarily natural gas and natural gas liquids related to its U.S. onshore upstream
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