A few years ago, associated gas was seen as a wasteful byproduct of oil drilling. High natural gas prices have incentivized shale drillers in the U.S. to change from oil Continue Reading
The UK government has lifted the moratorium on shale gas production in England. The UK department for Business, Energy and Industrial Strategy (BEIS) has announced that, to bolster the UK’s Continue Reading
Britain on Thursday formally lifted a moratorium on fracking for shale gas that has been in place since 2019, saying strengthening the country’s energy supply was an “absolute priority”. Energy Continue Reading
Shale gas is safe and Britain needs to revisit the limits on seismic activity allowed at fracking sites, business minister Jacob Rees-Mogg said on Thursday. “We need to revisit the Continue Reading
Estimates show that Europe has more recoverable shale gas than the U.S. Despite its huge gas reserves, hydraulic fracturing has many opponents in Europe. Fracking in Europe has long been Continue Reading
Ineos has renewed its offer to the UK government. Ineos has announced that it is renewing its offer to the UK Government and new Prime Minister Liz Truss to drill Continue Reading
The chief executive EQT believes that the U.S. could easily replace Russian natural gas in Europe, claiming that there is both the ability and the desire to do more. While Continue Reading
Highlights Permian gas production reached 14.34 Bcf/d Feb. 18 Cash Waha Hub fell more than 20 cents in Feb. 18 trading Forecast warmer weather ahead for West Texas in near-term Continue Reading
Output down 1.7 Bcf/d, or about 12% vs. prior week West Texas temperatures to hit 10 degrees, Feb. 3-4 Waha balmo contract eases to $7.25, March rising Permian Basin gas Continue Reading
Highlights Deliveries to Gulf Coast Express averaging 40 MMcf/d Double E improves processing plant interconnectivity Permian drilling, well completion, production ramp up The 1.35 Bcf/d Double E Pipeline has begun Continue Reading
Highlights Waha dips 20 cents, East Texas hubs down over 40 cents Texas gas production down 1 Bcf/d from Jan. 20 to 21 Statewide demand to drop 2 to 3 Continue Reading
Output hits 33.3 Bcf/d Jan. 14, down 4% from record Eastern Gas South basis up 34 cents, January to date 2022 forward basis prices trade at discounts to cash A Continue Reading
Midcontinent producing hubs trade into $4.30s/MMBtu Permian flows to Midcontinent up 70 MMcf/d in January Midcontinent, Gulf Coast hubs compete for Permian gas Strong natural gas demand across the central Continue Reading
Highlights Houston Ship Channel Jan-22 basis falls 60 cents Permian output nears prior record at 14.1 Bcf/d Rigs, drilling, completions highest since Q1 2020 Recent growth in Permian Basin gas Continue Reading
U.S. oil and gas producers Diamondback Energy (FANG.O) and ConocoPhillips (COP.N) said on Tuesday the top U.S. shale field will face natural gas pipeline constraints in coming years as production Continue Reading
Exxon Mobil Corp. will offer some of its Permian Basin shale gas for certification by a nonprofit that assesses methane leaks, a move that comes as the oil industry faces Continue Reading
One of the U.S. shale pioneers, Chesapeake Energy, is back in business six months after emerging from bankruptcy with a major acquisition— marking its return to the shale gas basin Continue Reading
An executive at U.S. shale gas explorer CNX Resource Corp. criticized the long-term pledges to reduce emissions that have slowly gained traction in the industry, saying they lack detail and accountability. “Committing Continue Reading
BP has been one of the companies most responsible for the burning of unwanted natural gas in the busiest U.S. oil field. Now it is trying to clean up its act. Continue Reading
Bakken flows on pipeline have grown for years Shale still shows potential for resiliency Bakken natural gas flows onto Northern Border Pipeline are starting to show slight declines, signaling a Continue Reading
Output hits annual high, averaging 3.7 Bcf/d in March At 18 rigs, count remains at 40% of pre-pandemic level Production drop in 2021 to flatten through early 2020s After rebounding Continue Reading
The decade-long fracking boom in Appalachia has not led to significant job growth, and despite the region’s extraordinary levels of natural gas production, the industry’s promise of prosperity has “turned Continue Reading
Chesapeake Energy Corporation (NASDAQ: CHK) has announced that it has successfully concluded its restructuring process and emerged from Chapter 11. Chesapeake Energy Corporation (NASDAQ: CHK) has announced that it has Continue Reading
The US Energy Information Administration on Feb. 9 substantially increased its forecast for natural gas production in 2021 and 2022 amid expectations of more associated gas production in the Permian Continue Reading
If the recent moratorium on the issuance of federal drilling leases holds, most US production losses would occur in New Mexico, where up to 3 Bcf/d of new natural gas Continue Reading
Frigid temperatures settling across the western half of the US this week have the potential to prompt natural gas production freeze-offs, particularly in the Bakken Shale, and lower pipeline inflows Continue Reading
Chesapeake Energy Corp’s value has soared since its June bankruptcy filing, the U.S. judge overseeing the natural gas producer’s trial indicated, and is worth $5.13 billion, far above the shale Continue Reading
China is looking to attract investments in shale gas developments by easing restrictions on foreign entities and subsidizing costs in a bid to boost its natural gas production while its Continue Reading
The shale revolution may have made the United States and the world’s largest natural gas producer, but it has failed to make the biggest U.S. shale gas drillers any richer. Continue Reading
EQT Corp., the biggest producer of U.S. natural gas, is seeking to acquire rival CNX Resources Corp., according to people familiar with the matter, as M&A accelerates in the distressed Continue Reading
As spot gas markets in the Permian Basin struggle to gain a foothold above $1 this month, forwards traders appear confident that winter prices there will likely climb to their Continue Reading
Pennsylvania more than doubled as of August 1 the fee for all unconventional well permit applications, while shale companies call on state officials to find other mechanisms to fund the Continue Reading
Range Resources Corp. sold its Louisiana shale fields for about one-tenth of what it paid for them just four years ago as depressed natural gas prices hammered the heavily indebted driller. Range Continue Reading
The pandemic has curtailed associated gas production in the Permian basin, temporarily relieving some gas flaring, but the basin could return to record gas production levels by the end of Continue Reading
The coronavirus pandemic has stalled factories and shut down business around the world, causing a historic drop in oil demand just as production was reaching new highs. WSJ explains the Continue Reading
NYMEX prompt contract settles at $1.88/MMBtu Columbia Gas’ MXP line cuts flows near Leach, Kentucky Appalachian gas production falls 2.2 Bcf on the day NYMEX Henry Hub prompt-month prices surged Continue Reading
Chesapeake Energy Corp ( CHK.N ) filed for Chapter 11 on Sunday, becoming the largest U.S. oil and gas producer to seek bankruptcy protection in recent years as it bowed Continue Reading
The federal government has allowed bankrupt shale major Chesapeake Energy to stop drilling at more than 100 leases on federal lands without losing ownership of the assets, Reuters has reported Continue Reading
It will go down as wildest of the shale wildcatters, the overreaching pioneer of fracking techniques that minted vast fortunes and, now, have left behind ruin. At long last, financial reality has Continue Reading
Shares of Chesapeake Energy Corp., the U.S. fracker preparing for a potential bankruptcy, are experiencing another wild session, plunging as much as 74% before trading was halted again on Tuesday. The Continue Reading
Chesapeake Energy Corp. is preparing a potential bankruptcy filing that could hand control of one of the leading lights of the U.S. shale revolution to senior lenders, according to people Continue Reading
Chesapeake Energy spearheaded the shale revolution a decade ago that ushered in an era of US energy independence, embodying a period of corporate extravagance as it rose to become a Continue Reading
Heading into the first quarter earnings season, analysts were clear. They wanted no surprises from pure play shale gas drillers — no new spending, no new debt, no mergers and Continue Reading
The outlook for the company’s debt restructuring effort is teetering. Shares of Chesapeake Energy Corp. slid almost six percent in premarket trading on Monday, after the company added a going Continue Reading
Chesapeake Energy Corp said on Monday it was unable to access financing and was considering a bankruptcy court restructuring of its over $9 billion debt if oil prices don’t recover Continue Reading
Royal Dutch Shell announced this week that it was selling its Appalachia shale gas assets for $541 million in a transaction that wouldn’t have caught much attention if it weren’t Continue Reading
Chesapeake Energy Corp ( CHK.N ), the oil and gas exploration and production company that was at the forefront of the past decade’s U.S. shale boom, is preparing a potential Continue Reading
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
