The last time the global economy was in free fall, an economic savior showed up in southwestern Pennsylvania. Energy companies, which had discovered a way to get at the state’s Continue Reading
Chesapeake Energy Corp, the oil and gas exploration and production company that helped spearhead the U.S. shale revolution, has tapped debt restructuring advisers amid a rout in energy prices, people Continue Reading
If you’re waiting for natural gas prices to recover, you might be in for a considerable wait, as inventories are expected to hover well above their five year average for Continue Reading
Once a vanguard of the US shale revolution, Chesapeake has fallen headlong toward collapse as it and rival drillers flooded the US with excess gas. (Bloomberg) — Chesapeake Energy Corp.’s Continue Reading
A buyer of liquefied natural gas has canceled two cargoes from Cheniere Energy Inc., the biggest U.S. exporter, as a global glut pummels prices for the fuel and threatens to Continue Reading
Natural gas prices under $2/MMBtu have hit Appalachian shale gas drillers hard, but the longer the gas glut wears on, the deeper the problems will become. With each passing week, Continue Reading
S&P ratings downgraded six U.S. shale gas companies that might find it difficult to refinance billions in debt on the back of chronically low gas prices and overinvestment, S&P Global Continue Reading
Deteriorating conditions in US natural gas markets this year are posing growing credit risk to the industry’s producers and even midstream developers, S&P Global Ratings said Wednesday. Receive daily email Continue Reading
Edge LNG’s truck-based model produces LNG and delivers it to market. Edge Gathering Virtual Pipelines 2 LLC (Edge LNG) reported Wednesday that it will capture and liquefy natural gas from Continue Reading
Though they are both Democrats, John Fetterman, Pennsylvania’s lieutenant governor, and Bill Peduto, this city’s mayor, have their differences on the environment. Mr. Fetterman, who toppled an incumbent Democrat in 2018 from Continue Reading
Fracking pioneer and the king of unconventional drilling Chesapeake Energy (NYSE:CHK) is a company in dire straits, which makes it a great bargain right now. The Oklahoma-based exploration company ushered Continue Reading
North Dakota’s Bakken Shale gas output increased by 20% in 2019, and the latest analysis shows it growing another 10% year over year in 2020. Due to limited downstream access, Continue Reading
The Supreme Court of Pennsylvania said oil and natural gas coming from shale wells drilled and hydraulically fractured are protected by the common “rule of capture,” but left open the Continue Reading
Weak natural gas prices amid abundant supply and a falling rig count across the United States will slow down U.S. natural gas production growth this year, and some basins will Continue Reading
New York — The US Energy Information Administration on Tuesday lowered by 35 cents to $2.27/MMBtu its first-quarter 2020 forecast for Henry Hub spot natural gas prices. Receive daily email Continue Reading
The largest natural gas driller in the United States just announced a massive write-down for its assets, offering more evidence that the shale sector faces fundamental problems with profitability. In Continue Reading
Permian Basin forward gas prices are testing new lows this month as the 2020 market outlook for available pipeline capacity exiting the West Texas basin continues to deteriorate. At market Continue Reading
Appalachian gas production last month registered its first monthly decline since May as producers in the dynamic US Northeast shale basin responded to low prices and growing pressure from the Continue Reading
Castleton Resources has acquired the East Texas and North Louisiana Haynesville shale assets of Shell’s subsidiary, BG US Production Company. Castleton Commodities International LLC’s subsidiary, Castleton Resources LLC (CR), has Continue Reading
Chevron surprised a number of people last week when it announced that it would take a non-cash, after-tax impairment charges of $10 billion to $11 billion in its fourth-quarter 2019 Continue Reading
There have been some signs the shale boom that re-energized America’s domestic energy industry a few years back, might be entering a maturing phase of its development. A phase where Continue Reading
As production from the US Northeast stalls and the active rig count declines in the region, the market could tighten significantly and help propel Henry Hub futures later this winter. Continue Reading
“We’re not pointing a finger,” said Kurt Blanock, whose teenage son died of Ewing’s sarcoma three years ago. His wife, Janice Blanock, was one of the parents who pushed for Continue Reading
A commitment from Appalachia’s natural gas producers to slow drilling activity in 2020 already appears to be taking its toll there, with December production levels likely to register their first Continue Reading
Chesapeake Energy Corp.’s move to tame its $10 billion debt load alleviates immediate concerns about the oil and gas producer’s viability, yet fundamental issues threatening the company’s long-term outlook remain. The Continue Reading
One of the shale gas pioneer companies in the United States said earlier this month that depressed oil and natural gas prices may force it to breach loan covenants over Continue Reading
UK police have been accused of sexually assaulting female anti-fracking protesters, including groping and exposing their their breasts while placing them under arrest, reports The Guardian . “I’ve seen women Continue Reading
The UK shale gas industry has vowed to continue efforts to prove it can operate safely despite the UK government introducing a moratorium on the use of hydraulic fracturing — Continue Reading
After years of dogged support for fracked shale gas and oil, at the expense of clean energy, the Conservatives finally gave in today. This is a significant victory for environmentalists. Continue Reading
Britain will impose an immediate moratorium on fracking, the government announced on Saturday, saying the controversial gas extraction technique risked causing too much disruption to local communities through earth tremors. Continue Reading
The UK government will soon make an announcement concerning hydraulic fracturing in the UK amid concerns about the tremors at a fracking site in recent months, Prime Minister Boris Johnson Continue Reading
Highlights Should boost flows on Northern Border Pipeline Will increase gas capture rates Denver — Bakken natural gas production continues to set records and has the potential to surge even Continue Reading
NAO report details ‘financial pressure’ on local bodies Only three wells fracked to date, well behind plan Environmentalist groups call for end to fracking London — Progress in establishing a Continue Reading
Appalachian shale drillers are getting squeezed by low prices, and a supply glut may mean that there is little prospect of a pricing rebound anytime soon. Earlier this month, IHS Continue Reading
Highlights Waha weekly average at 97 cents, up from negative territory Texas, Southwest power burns hit annual highs in mid-July Denver — Permian Basin gas prices averaged their highest since Continue Reading
Saudi Aramco, which has an ambitious plan to grow its natural gas business, is considering investing in the Marcellus shale gas assets of Norway’s Equinor in what would be the Continue Reading
Challenging geology, insufficient infrastructure, and low well productivity are set to result in China badly missing its own shale gas production target to 2020, analysts say. China has set a Continue Reading
While European oil supermajors are yielding to investor pressure to set emission reduction targets and announcing investments in renewables and EV charging networks, U.S. majors ExxonMobil and Chevron are doubling Continue Reading
Houston’s Apache Corp. said Tuesday it will dramatically cut back on its natural gas production in the Permian Basin for an extended period of time because of steep pricing discounts Continue Reading
Heavily discounted Permian Basin gas could soon access downstream markets in Mexico, following the recent startup of incremental gas deliveries to Fermaca’s Wahalajara pipeline system. Receive daily email alerts, subscriber Continue Reading
The Haynesville Shale in northeastern Texas and Louisiana is producing 10.522 billion cubic feet per day of natural gas this month, and is expected to produce even more next month, Continue Reading
Forecast Highlights Global liquid fuels For the 2019 summer driving season that runs from April through September, EIA forecasts that U.S. regular gasoline retail prices will average $2.76 per gallon Continue Reading
The Permian Global Access Pipeline would extend from the Waha gas hub in Pecos County, Texas, to Gillis, La. Tellurian Inc. reported Monday that it is holding a binding open Continue Reading
Natural gas prices fell into record negative territory in the Permian basin, dragged down by booming oil production and a limited ability to move gas out of the region. Unlike Continue Reading
In west Texas last week, you could not give gas away, as prices dropped to record lows. Companies trying to offload natural gas at the Waha hub, in the booming Continue Reading
Exxon’s negotiations with Algeria for the development of local shale gas resources are being delayed because of the widespread anti-government protests in the North American country, Reuters reported this week, Continue Reading
The fracked gas industry’s long borrowing binge may finally be hitting a hard reality: paying back investors. Enabled by rising debt , shale companies have been achieving record fracked oil Continue Reading
Britain’s government has no plans to review regulations for fracking gas in the country, it said on Thursday, following calls from industry to revisit the rules. Chemical giant Ineos and Continue Reading
Tests of the first shale well at Cuadrilla’s site in northwest England show a rich reservoir of high quality and recoverable gas, the British firm said on Wednesday, adding that Continue Reading
UK’s oil, gas, and chemicals group Ineos called on the UK government on Monday to either lift the seismicity limit on fracking from a currently “unworkable” and too-low ceiling, or Continue Reading
