- Joe Barone, Shale Directories
- Blog
- January 6, 2023
LATEST DALLAS FED ENERGY SURVEY INDICATES STRONG 2023 INVESTMENT PLANS DESPITE INCREASING UNCERTAINTY AND SUPPLY CHAIN ISSUES
In the most recent Federal Reserve Bank of Dallas survey of energy executives, industry leaders expressed rising uncertainty about the future of oil and natural gas, along with increased input costs, supply chain bottlenecks, and labor shortages.- Joe Barone, Shale Directories
- Blog
- October 19, 2022
Oil Production in Permian Basin Projected to Hit Record Highs
According to the U.S. Energy Information Administration, Texas’ and New Mexico’s Permian Basin, is projected to increase oil output by 50,000 barrels per day—bringing overall production to a record-high of 5.453 million barrels per day throughout November.- Joe Barone, Shale Directories
- Blog
- October 10, 2022
Most Recent Dallas Fed Survey Reveals Increased Production Despite Significant Challenges, Uncertainty
Similar to the previous quarter, findings from the latest Federal Reserve Bank of Dallas survey of energy executives indicate companies are experiencing rising input costs, supply chain constraints, and yet, firms are still increasing oil and natural gas production in Texas, southern New Mexico, and northern Louisiana.- Joe Barone, Shale Directories
- Blog
- April 16, 2022
Natural Gas Now Best Picks – April 16, 2022
Natural Gas Now Best Picks – April 16, 2022 Tom ShepstoneShepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy.- Joe Barone, Shale Directories
- Blog
- October 30, 2020
ConocoPhillips reports 3Q net loss of $450M
ConocoPhillips has reported a third quarter 2020 net loss of $450 million or 42 cents per share, Kallanish Energy reports. That compares to 3Q 2019 net earnings of $3.1 billion or $2.74 per share.- Joe Barone, Shale Directories
- Blog
- October 20, 2020
ConocoPhillips, Concho announce $9.7B merger
ConocoPhillips and Concho Resources on Monday announced they have entered into a definitive agreement to combine companies in an all-stock transaction worth $9.7 billion, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 30, 2020
Oil demand, supply expected to drop 2022-2023: CP
ConocoPhillips expects the oil and natural gas industry to partially recover in 2021 from the coronavirus pandemic, low demand and low prices, but the company expects oil demand to drop by 3 million to 4 million barrels per day in the United States in 2022-2023.Rig count up six in US, up seven in Canada: BH
It was a good week for the oil and natural gas industry, as the number of working rigs increased by six in the United States and by seven in Canada, according to Baker Hughes.- Joe Barone, Shale Directories
- Blog
- September 1, 2020
BLM taking comments on Permian sand conveyor
The U.S. Bureau of Land Management has opened a public comment period for a proposed conveyor system on public lands to move sand for hydraulic fracturing (fracking) in the Permian Basin of West Texas and New Mexico, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 14, 2020
Tellurian to cut three pipelines to La. LNG facility
Tellurian Inc. has unveiled plans to cut costs of Phase 1 of Driftwood liquefied natural gas (LNG) export facility by 30% and to trim the number of natural gas pipelines in Phase 1 from four to one, Kallanish Energy reports.Methane Madness Takes Over As EPA Restores Reason to Regulation
David KreutzerSenior Economist at Institute for Energy Research … … The EPA is reversing a last minute political decision by President Obama to punish oil and gas production with duplicative methane regulation.- Joe Barone, Shale Directories
- Blog
- July 30, 2020
President Underscores Need for New Infrastructure During Permian Visit
The need for new infrastructure and the importance of American energy were the key messages during President Donald Trump’s speech during his visit to Midland-Odessa, the de facto capital of the Permian Basin.- Joe Barone, Shale Directories
- Blog
- July 30, 2020
Permian gas output to rebound in 2H20: Rystad Energy
Gas output from the Permian Basin of West Texas and New Mexico is forecast to surge in the second half of 2020 according to a new analysis, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 17, 2020
Fish & Wildlife to study Permian Basin lizards
The U.S. Fish & Wildlife Service has kicked off a new year-long review to determine if the dunes sagebrush lizard should be designated as a federal endangered species, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 19, 2020
Efficiencies boost US natural gas production: EIA
Natural gas production in the United States is growing because of greater production efficiencies, the U.S. Energy Information Administration reports. New gas wells that created greater productivity in new wells drilled in shale and other tight formations boosted U.S.BH rig count at lowest point since 1987: EIA reports
The number of drilling rigs in the United States is the lowest total on record since Baker Hughes starting counting rigs in 1987, according to the U.S.- Joe Barone, Shale Directories
- Blog
- May 20, 2020
US shale gas production to fall again in June
Natural gas production in the U.S.’s seven biggest unconventional basins is expected to drop in June, with volumes declining in all producing regions, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 30, 2020
New Methane Emissions Calculations: Do As I Say, Not As I Do
Three Environmental Defense Fund-affiliated studies this month make some pretty alarming claims about oil and natural gas methane emissions in the Permian Basin and Gulf of Mexico.- Joe Barone, Shale Directories
- Blog, Natural Gas Prices
- April 27, 2020
Waha gas prices recover from negative territory
Natural gas prices in the Permian Basin ended the EIA’s gas week in positive territory, after reaching -$4.74 per million British thermal units (MmBtu) on April 20, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 24, 2020
KM reports $306M net loss, $950M impairment in 1Q
U.S. pipeline operator Kinder Morgan reported a first quarter 2020 net loss of $306 million or 14 cents per share, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 14, 2020
XOM testing eight methane-detection technologies
ExxonMobil says it is conducting field tests of eight emerging methane detection technologies at nearly 1,000 sites in the Permian Basin in West Texas and New Mexico, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 7, 2020
Four Things to Know About EDF’s New Permian Methane Estimates
The Environmental Defense Fund’s new calculations of methane leakage in the Permian Basin are still undergoing scientific review, but that didn’t stop the organization from releasing its figures – based on questionable methodologies and assumptions – alongside a map of alleged methane leaks in the basin.- Joe Barone, Shale Directories
- Blog
- March 31, 2020
Permian output already a ‘victim’ of oil price war: GlobalData
The Permian Basin will see the largest effects of capex cuts on production, compared to all other U.S. unconventional plays, Kallanish Energy learns from a GlobalData analyst.- Joe Barone, Shale Directories
- Blog
- March 11, 2020
Analysts Expect Gas Producers to Gain Amid Oil Losses ?
The loss to U.S. shale oil producers could allow the region’s gas-focused producers to benefit, as production cuts due to low oil prices are likely to ease the supply glut in the gas market, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 6, 2020
ExxonMobil to earmark $33B on 2020 capital spending
Population growth, an expanding middle class and global prosperity are driving a worldwide demand for oil, natural gas and chemicals, according to ExxonMobil.- Joe Barone, Shale Directories
- Blog
- March 4, 2020
Chevron to invest $80B in dividends, share buybacks
Chevron Corp. plans to spend around $75-80 billion on dividends and shareholder buybacks in the next five years, funded largely by growing production in the Permian Basin of West Texas and New Mexico, Kallanish Energy reports.Ecopetrol, Oxy to drill 90 wells in Permian this year
Colombian state-run oil company Ecopetrol expects its joint venture with Occidental Petroleum to drill 90 wells in the Permian Basin this year, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 21, 2020
Pioneer plans to expand 2020 capital spending on drilling
Texas-based Pioneer Natural Resources said it plans to increase its 2020 capital spending budget for drilling, at a time when many E&P companies are cutting that funding, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 19, 2020
US crude production barely moves in latest DPR
Crude oil production from the Lower 48 U.S. states’ seven most productive basins/plays will barely move from February to March, the Energy Information Administration’s February Drilling Productivity Report (DPR) projects.- Joe Barone, Shale Directories
- Blog
- January 30, 2020
EIA Annual Outlook: U.S. to Remain Net Exporter Through 2050
Successful oil and natural gas development in shale and tight formations across the country has put the United States on track to remain a net energy exporter through 2050, according to new data from the Energy Information Administration.- Joe Barone, Shale Directories
- Blog
- January 22, 2020
US natural gas production growth slows in latest DPR
Natural gas production growth in the U.S.’s seven most productive basins/plays won’t break 100 million cubic feet per day from January to February, according to the January Drilling Productivity Report, produced by the Energy Information Administration.- Joe Barone, Shale Directories
- Blog
- January 22, 2020
US crude production inches up in new survey
The newest evidence oil and gas production is slowing across the U.S. came Tuesday from the Energy Information Administration. Crude oil production from the U.S.’s- Joe Barone, Shale Directories
- Blog
- January 6, 2020
US O&G M&A poised for recovery: Enverus
A total of $96 billion of U.S. oil & gas merger and acquisition transactions took place in 2019, including $11 billion in the final three months of the year, according to data analytics firm Enverus.- Joe Barone, Shale Directories
- Blog
- January 3, 2020
Oxy strengthens board, adds former Schlumberger CEO
Occidental Petroleum added to its board of directors Thursday with the appointment of a former Schlumberger CEO, as Oxy looks to score points with its shareholders after risking its future to buy Anadarko Petroleum for $38 billion in 2019.- Joe Barone, Shale Directories
- Blog
- December 11, 2019
Chevron hints at divesting Appalachian assets
Chevron hinted Tuesday its Appalachian shale assets could soon be up for sale, along with other parts of its asset portfolio, as the oil supermajor moves to “invest in the highest return, lowest risk projects … ,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 29, 2019
Cowboys owner looks to score big in the Haynesville
Jerry Jones, owner/general manager of the National Football League’s Dallas Cowboys, has taken a fancy to Louisiana’s Haynesville Shale, calling it the best play for low-cost hydrocarbons and that he’s hunting for more acreage there.- Joe Barone, Shale Directories
- Blog
- October 29, 2019
EPD’s oil pipeline system expansions to add 900,000 Bpd
Enterprise Products Partners (EPD) said Monday it expects its Midland-to-ECHO 3 and 4 Permian crude pipeline system expansions each will add roughly 450,000 barrels per day of additional capacity, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 11, 2019
Chevron CEO touts Texas growth
Chevron’s chief executive on Wednesday touted the company’s Texas growth, from the Permian Basin to Houston refining and chemicals. Speaking at the Greater Houston Partnership’s annual “State of Energy” luncheon, Mike Wirth also urged the energy industry to take the lead on emissions reductions to help combat climate change, the Houston Chronicle reported.- Joe Barone, Shale Directories
- Blog
- October 3, 2019
US O&G M&A maintains momentum in Q3: Enverus
Despite what’s called a “difficult” market, merger and acquisition activity in the U.S. oil and gas industry maintained the momentum established in Q2, surpassing $17 billion in Q3, according to data released by data analytics company Enverus.- Joe Barone, Shale Directories
- Blog
- September 26, 2019
Dallas Fed survey: O&G activity contracts, employment falls
Energy sector activity declined in the third quarter, according to executives responding to the Federal Reserve Bank of Dallas Energy Survey, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 12, 2019
US producible gas volume jumps in latest biennial survey
Energy industry experts who comprise the Potential Gas Committee announced Wednesday the volume of producible natural gas in the U.S. has jumped roughly 20% since their last assessment two years ago.- Joe Barone, Shale Directories
- Blog
- September 9, 2019
More crude oil being loaded at Corpus Christi: RBN Energy
U.S. crude oil loadings at Corpus Christi, Texas, have nearly doubled with the completion of new pipelines from the Permian Basin of West Texas and New Mexico, Kallanish Energy has learned.- Joe Barone, Shale Directories
- Blog
- August 29, 2019
Plains gives up on pipeline steel surcharge
U.S. pipeline operator Plains All American has abandoned a plan to institute a surcharge to offset Section 232 steel tariffs for its new Cactus II Pipeline, following objections by ConocoPhillips and Encana, according to regulatory documents secured by Kallanish, sister publication of Kallanish Energy.- Joe Barone, Shale Directories
- Blog
- August 15, 2019
Pef Black Bay Energy partnering with Tops
Texas-based private equity firm (Pef) Black Bay Energy Capital said Wednesday’s it’s partnering with, and has invested in, Total Operations and Production Services (Tops), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 9, 2019
Oxy reaches $1.5B JV deal with Ecopetrol
Occidental Petroleum and Ecopetrol, Colombia’s state-owned oil company, have formed a joint venture to develop assets in the Midland Basin, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- August 1, 2019
US crude production continues setting monthly records
U.S. crude oil production in each of the first five months of 2019 increased over 2018 levels, with April 2019 establishing a new monthly record, the Energy Information Administration reports.- Joe Barone, Shale Directories
- Blog
- July 29, 2019
Oneok announces expansions to natgas, Ngl infrastructure
Midstreamer Oneok last week announced $700 million in plans to expand its natural gas and natural gas liquids infrastructure between now and 2021, including: * A 200 million cubic feet per day (Mmcf/d) expansion of the Bear Creek natural gas processing facility and related infrastructure in the Williston Basin* Mid-Continent Ngl fractionation facility expansions totaling roughly 65,000 barrels per day, and additional Ngl infrastructure to increase capacity between the Elk Creek and Arbuckle II pipelines* A 40,000 Bpd additional expansion of the West Texas LPG pipeline in the Permian Basin.- Joe Barone, Shale Directories
- Blog
- July 24, 2019
Conservation groups seek action on dunes sagebrush lizard
Conservation groups have filed a notice to sue the Trump administration for failing to protect the dune sagebrush lizard in the Permian Basin, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 18, 2019
Surge completes Permian’s longest-known lateral
Surge Energy US Holdings Co.’s Moss Creek Resources Holdings unit has completed what’s believed to be the longest lateral in the Permian Basin, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 15, 2019
The Permian is the ‘swing producer in the world’: Souki
While predicting crude oil price swings is risky business, liquefied natural gas export player and Tellurian chairman Charif Souki said last week the Permian Basin in West Texas/southeast New Mexico is the world market’s gatekeeper, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 11, 2019
U.S. Crude Oil Production Reaches Another Milestone
On the heels of news in April that Texas and New Mexico’s Permian Basin is the highest producing oilfield in the word, we now know that the United States hit another record that same month, thanks in large part to production in that region.WSJ Misses the Mark in Permian ‘Cube’ Analysis
Experimental development has helped Encana increase its productivity in the Permian, contrary to WSJ narrative The story of the Permian Basin in West Texas and Southeast New Mexico in recent years is nothing short of incredible.- Joe Barone, Shale Directories
- Blog
- July 3, 2019
Record-Breaking U.S. Natural Gas Production Making America More Energy Secure This Fourth of July
The United States has long been a top global producer of natural gas, but the shale revolution has solidified U.S. energy dominance in recent years.- Joe Barone, Shale Directories
- Blog
- July 2, 2019
New Mexico is Rich with Oil and Natural Gas Revenue
Prolific oil and natural gas production – particularly in Eddy and Lea counties that sit atop the Permian Basin – is driving a record-breaking revenue year for New Mexico, according to a recent New Mexico Legislative Finance Committee report.- Joe Barone, Shale Directories
- Blog
- June 25, 2019
Energy Dominance Era Is Here for Real in America
... … … Make no mistake. The era of real American energy dominance has finally arrived thanks to the ingenuity and industriousness of our oil and gas sector.- Joe Barone, Shale Directories
- Blog
- June 25, 2019
Arlp acquiring Permian O&G mineral interests for $145M
Alliance Resource Partners LP (Arlp) Monday announced it’s acquiring oil and gas mineral interests from Wing Resources LLC and Wing Resources II LLC for $145 million in cash, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 21, 2019
Development Capital forms $165M JV in the Permian
Development Capital Resources (Dcr) said this week a company unit, capitalized by funds managed by affiliates of Ares Management, has entered into a drilling and development joint venture with a private operator in the Permian Basin, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 18, 2019
Crude production inches up from June to July: Dpr
Crude oil production in the seven most prolific basins/plays in the Lower 48 U.S. states is projected to increase by less than 1% from June to July, the latest Energy Information Administration data reveals, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 5, 2019