World Oil (Bloomberg) – NG Energy International Corp. expects an eight-fold boost in its natural gas production in Colombia after a new field begins production next year. The Toronto-based company sees its natural gas production rising to 60 MMcfd in the third quarter of 2024 as its Sinu-9 block comes online in the Lower Magdalena basin, according to Chief Financial
World Oil (WO) – Chesapeake Energy Corporation has achieved recertification of its natural gas production across the entirety of its Marcellus operations, which averaged approximately 4.4 Bcf of gross natural gas per day during the first quarter of 2023. The company received a grade A under the MiQ methane emissions standard and a grade A- from Equitable Origin’s EO100 Standard
World Oil (WO) – LOGOS Energy, LLC, a North Hudson Resource Partners LP portfolio company, has brought online a San Juan Basin record breaking natural gas well in the Mancos shale, building on its repeated 2021 and 2022 successes in the play and continuing the responsible development of a burgeoning new source of American natural gas supply. The peak month
World Oil (Bloomberg) –Texas natural gas production dropped for the second time this month because of freezing temperatures settling over the state. Output on Thursday was down 6.2%, according to preliminary BloombergNEF data based on pipeline flows. That’s the biggest decline since Jan. 2, when a similar blast of frigid air curbed supplies. “It’s a safe assumption to call freeze-offs,”
Reuters NEW YORK – U.S. oil output from shale formations is expected to decline by about 136,000 barrels per day (bpd) in January to 7.44 million bpd, the lowest since June, the U.S. Energy Information Administration (EIA) said in a monthly forecast on Monday. Output at nearly all seven major formations is expected to fall, except from the Haynesville region,
Reuters U.S. natural gas production and demand will drop in 2020 from record highs last year as coronavirus lockdowns cut economic activity and energy prices, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Wednesday. The EIA projected dry gas production will drop to 89.88 billion cubic feet per day (bcfd) in 2020 and
CNBC Pretty much every trade has worked on Wall Street this year except one: natural gas. Futures prices fell to a one-month low on Friday after plunging more than 12% for the week. The commodity is currently trading around $2.34 per million British thermal units, which is nearly 50% below where it traded a year earlier. It’s down 21% for 2019. Excess
May power generation deliveries rose more than 20% U.S. net exporter of NatGas: 3 billion cubic feet per day of LNG shipped to 15 countries in May May 2018 marked a noticeable increase in dry natural gas production in the United States. The average daily rate of dry natural gas production for May was the highest for any month since
EIA forecasts 11.8 MMBOPD for total U.S. oil production in 2019 A new IHS Markit outlook released today expects the Permian Basin’s crude oil production to more than double its 2017 record of 2.5 MMb/d to 5.4 MMb/d by 2023. This level of production would elevate the U.S. to a power exporter status that rivals Saudi Arabia, with total U.S.
Even as overall production declines, new-well production is up With just two exceptions, every major play tracked in the Energy Information Administration’s (EIA) Drilling Productivity Report (DPR) for August is showing lower month-over-month production, but the EIA anticipates greater production per new-well in every play except oil wells in the Haynesville, where the EIA expects no change. According to the EIA,
Texas crude oil production beats all but OPEC’s three largest producers Information from the American Petroleum Institute (API) shows that Texas produces more dry natural gas than any OPEC nation. On a global scale, the only country that beat dry gas production in Texas was Russia, which was ranked second in natural gas production behind the United States as a
Increases 2015 Production Guidance Bellatrix Exploration Ltd. (ticker: BXE) announced this morning that it has completed the acquisition of assets within its core Alder Flats area of west central Alberta (greater Ferrier region) from an unidentified oil and gas producer for approximately $118 million. According to the company, the acquisition will add approximately 2,200 BOEPD of currently unrestricted production (approximately
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