- Joe Barone, Shale Directories
- Blog
- June 14, 2019
Prime Rock, New Dawn partner in the Austin Chalk
Prime Rock Resources and New Dawn Energy are partnering to develop assets contributed by each company in central Louisiana, targeting the Austin Chalk play, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 14, 2019
TPG, Glendale partner to buy non-operated assets
Global finance/investment firm TPG Sixth Street and private oil and gas producer Glendale Energy Ventures announced a new oil and gas investment partnership with an initial $500 million in capital commitments.- Joe Barone, Shale Directories
- Blog
- June 13, 2019
Appalachian storage hub loan guarantee perhaps in trouble
An amendment to a major government appropriations bill (H.R. 2740) could mean trouble for a $1.9 billion Energy Department loan guarantee for the proposed natural gas liquids storage facility planned for Appalachia, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 13, 2019
Jumar Energy inks development pact with Mongoose
Oil and gas investment company Jumar Energy Capital said this week it’s entered into a joint development agreement with two-year-old independent producer Mongoose Energy, which is backed by EnCap Investments.- Joe Barone, Shale Directories
- Blog
- June 11, 2019
Meritage launches open season for Thunder Creek extension
Meritage Midstream Services II said Monday its Thunder Creek NGL Pipeline subsidiary launched a binding open season to support construction of a 140-mile extension to its existing natural gas liquids pipeline, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 10, 2019
Martin Midstream sells storage assets in $215M deal
Martin Midstream Partners said Monday it’s selling to Hartree Cardinal Gas its membership interests in Arcadia Gas Storage, Cadeville Gas Storage Monroe Gas Storage, and Perryville Gas Storage for $215 million in cash.- Joe Barone, Shale Directories
- Blog
- June 10, 2019
‘Urgent’ call to take advantage of Appalachia’s ethane largesse
CECIL TOWNSHIP, Pennsylvania – The Appalachian Basin, specifically the trio of states including Pennsylvania, Ohio and West Virginia, is approaching a tipping point when determining what is done with the substantial volume of ethane produced here.- Joe Barone, Shale Directories
- Blog
- June 10, 2019
Working gas in storage jumps by triple digits
The volume of working natural gas injected into underground storage during the week ended May 31, was the second-highest amount in 2019, and the fifth time this year the volume was measured in triple digits, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 7, 2019
Horizontally drilled wells dominate U.S. O&G production
Wells drilled horizontally into tight oil and shale gas plays continue to account for an increasing share of crude oil and natural gas production in the U.S., the Energy Information Administration said Thursday.- Joe Barone, Shale Directories
- Blog
- June 7, 2019
Gazprom Neft signs with Novatek, Shell
Russia’s third largest oil producer, Gazprom Neft, Thursday revealed three joint ventures to develop hydrocarbon projects in Russia, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 6, 2019
US crude stockpiles surge 6.8 Mmbbl
U.S. commercial crude oil inventories surged 6.77 million barrels (Mmbbl) in the week ended May 31, the Energy Information Administration reported Wednesday, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 6, 2019
Crude oil plummets after US crude stockpiles surge
Crude oil prices plummeted Wednesday, with futures falling to their lowest since January, after the Energy Information Administration reported an unexpected surge in the nation’s crude inventories, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 5, 2019
Flaring hits record high in Q1 in Permian
Natural gas flaring in the Permian Basin reached an all-time high in 2019’s first quarter due to the lack of pipelines, according to data from Rystad Energy.- Joe Barone, Shale Directories
- Blog
- June 5, 2019
Total acquires Toshiba’s US LNG portfolio & collects $800M
French oil major Total has signed a deal with Japan’s Toshiba to take over its portfolio of liquefied natural gas assets, a deal which actually will put $800 million in Total’s pocket, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 4, 2019
YPF prepares first shipment of LNG from Argentina
Argentine oil company YPF SA said it’s now loading the first shipment of liquefied natural gas for export from the South American country, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 3, 2019
Canadian oil production halts as fires spread
Canadian Natural Resources last week evacuated its Pelican Lake and Woodenhouse operations in northern Alberta, the first major shut-in of oil production triggered by wildfires in 2019, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 3, 2019
Working gas added to storage tops 100 Bcf for 3rd straight week
The volume of working gas injected into underground storage in the most recent Energy Information Administration survey topped 100 billion cubic feet for the third consecutive week.- Joe Barone, Shale Directories
- Blog
- June 3, 2019
Icahn challenges Oxy’s ‘hugely overpriced’ Anadarko deal
Billionaire activist investor Carl Icahn last week filed a lawsuit against Occidental Petroleum, looking for board seats and eventually a sale of the company, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 31, 2019
LNG now known as ‘freedom gas’ at Doe
Please don’t refer to super-chilled natural gas as liquefied natural gas or LNG, when in the U.S. Effective this past Tuesday, the official name for LNG is “freedom gas,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 30, 2019
Crude drops as trade war worries outweigh supply disruptions
Crude oil prices fell in roller coaster-like trading Wednesday, impacted by equity markets, as China signaled it’s prepared to raise the stakes in the trade war with the U.S., raising concerns such a situation could hurt demand.- Joe Barone, Shale Directories
- Blog
- May 30, 2019
Pdc wins proxy fight with Kimmeridge Energy
Colorado-based Pdc Energy won its proxy battle with Kimmeridge Energy Management, according to a preliminary vote count released Wednesday after Pdc’s 2019 annual stockholder meeting.- Joe Barone, Shale Directories
- Blog
- May 29, 2019
US crude prices settle up due Midwest flooding
U.S. crude oil futures gained nearly 1% Tuesday after flooding throughout the Midwest constricted crude flow from the storage hub in Cushing, Oklahoma, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 28, 2019
Permian crude production may finally have met its match
HOUSTON – It may be hard to believe, but there could be a big transportation change coming to the Permian Basin of West Texas/southeast New Mexico.- Joe Barone, Shale Directories
- Blog
- May 28, 2019
‘Brave new world’ for U.S. crude, gas, NGL industry: RBN
HOUSTON – It’s quite clear U.S. crude oil, natural gas and natural gas liquids production only goes up, and since the U.S.- Joe Barone, Shale Directories
- Blog
- May 24, 2019
Alberta introduces bill to repeal carbon tax
Canada’s Alberta Province Wednesday introduced a bill to repeal the provincial carbon tax, setting up a legal battle between recently-seated Premier Jason Kenney’s United Conservative Party, and Justin Trudeau’s Liberal government in Ottawa.- Joe Barone, Shale Directories
- Blog
- May 23, 2019
U.S. crude inventories jump surprising 4.7 Mmbbl
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) rose by 4.7 million barrels during the week ended May 17, vs.- Joe Barone, Shale Directories
- Blog
- May 23, 2019
UPS trucks in to fuel up with renewable natural gas
International shipping giant UPS said Wednesday it’s buying 170 million gallon-equivalents of renewable natural gas from California-based gas provider Clean Energy Fuel by 2026 — the largest commitment ever of any U.S.- Joe Barone, Shale Directories
- Blog
- May 23, 2019
U.S. asks Supreme Court for more time on Acp appeal
The U.S. Solicitor General asked the Supreme Court Wednesday to extend the time the government has to file a petition in an appeal of a circuit court decision preventing Dominion Energy from building the Atlantic Coast natural gas pipeline (Acp) across the Appalachian Trail in Virginia.- Joe Barone, Shale Directories
- Blog
- May 21, 2019
Roan hires Citi, Jefferies to assist in review
Independent producer Roan Resources said Monday it’s hired Citigroup Global Markets and Jefferies to assist the company in evaluating “strategic alternatives,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 21, 2019
KKR, Western partner to pursue deals in the Williston
Global investment behemoth KKR and privately-held Western Natural Resources Monday announced they are partnering to acquire producing and undeveloped oil and gas assets in the Williston Basin.- Joe Barone, Shale Directories
- Blog
- May 20, 2019
Rice Team revises EQT board slate to 7 from 9
Toby Z. Rice and Derek A. Rice, EQT shareholders trying to wrest control from the executives and board of the U.S.’s largest natural gas producer, said last week they’re reducing the size of their slate of nominees for the EQT board to seven from nine, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 17, 2019
South Dakota sues Texas O&G company for $15.5M
The state of South Dakota is suing a privately-held Texas-based exploration and production company for $15.5 million for abandoning 40 natural gas wells in Harding County, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 16, 2019
Pipeline explosion forces producer into bankruptcy
A natural gas explosion last September in a pipeline not yet in service has led to an independent producer backed by Goldman Sachs’s private equity arm and the Ontario Teachers Pension Fund filing for Chapter 11 bankruptcy, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 16, 2019
Oil rises as market shrugs off jump in US crude inventories
Crude oil futures rose slightly Wednesday as worries that rising tensions in the Middle East could impact global supplies overshadowed an unexpected rise in U.S.- Joe Barone, Shale Directories
- Blog
- May 15, 2019
Duc total falls in latest EIA survey
The number of drilled, but uncompleted wells located in the Lower 48 U.S. states’ seven most productive, unconventional basins and plays fell by a half-percent between March and April, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 14, 2019
Gas production expected to jump from May to June
Natural gas production from the Lower 48 U.S. states’ seven most productive unconventional plays and basins will jump by nearly 1 billion cubic feet per day (Bcf/d) from May to June, the Energy Information Administration reports.- Joe Barone, Shale Directories
- Blog
- May 13, 2019
Working gas stored increases, EIA reports
The volume of working natural gas injected into storage in the Lower 48 U.S. states the week of May 3, slowed from the previous week’s triple-digit increase, but marked the sixth straight week of volume increases, the Energy Information Administration reported.Working-rig count falls for 5th straight week
The number of rigs working onshore in the Lower 48 U.S. states last week fell by two, and brought to five the number of consecutive weeks the count has slipped, data from Baker Hughes, a GE company, reveals.- Joe Barone, Shale Directories
- Blog
- May 10, 2019
EQT uses stick & carrot against Rice-led dissidents
EQT Corp. is not a Mom-and-Pop natural gas producer – and can’t be run like one – the board’s independent members said, in effect, to dissident shareholders looking to insert their board nominees into the operations of the U.S.’s largest gas producer.- Joe Barone, Shale Directories
- Blog
- May 9, 2019
Chevron walking away from Anadarko, with $1B in its pocket
In a much expected move, oil supermajor Chevron said this morning it will not counter the higher bid made for Anadarko Petroleum by Occidental Petroleum, contrent to walk away from the deal with a $1 billion breakup fee, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 8, 2019
Howard Energy will build gathering system in Stack
Howard Energy Partners (Hep) Tuesday announced its signed a deal with an unnamed producer to construct, own and operate a new natural gas gathering system in Oklahoma’s Stack play, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 7, 2019
EQT fined $330K for erosion violations in Pa.
Natural gas producer EQT Corp. was fined $330,000 by the Pennsylvania Department of Environmental Protection for erosion violations at two natural gas sites in Allegheny County, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 7, 2019
Anadarko tells Chevron it’s been replaced
Anadarko Petroleum’s board said Monday Occidental Petroleum’s buyout offer is “superior” to its purchase deal with Chevron, Kallanish Energy reports. The oil supermajor is now on the clock.- Joe Barone, Shale Directories
- Blog
- May 3, 2019
North Dakota regulator approves 77-mile line
The North Dakota Public Service Commission this week approved a siting permit for a $125 million, 77-mile natural gas liquids pipeline in northwest North Dakota, Kallanish Energy learns.Baker Hughes delivers ‘solid’ 1st quarter
Oilfield services firm Baker Hughes, a GE company, delivered what chairman and CEO Lorenzo Simonelli called a “solid” first quarter, due to stabilizing global oil and natural gas markets, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 2, 2019
Crude oil slips, as U.S. inventories jump
Crude oil prices slipped Wednesday after U.S. crude inventories soared to their highest point in 19 months, as production set a record, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 2, 2019
Thousands of miles of O&G wells to be drilled over next 5 years
More than 1 million kilometers (621,371.192 miles) of new oil and gas wells will be drilled over the next five years, analytics/consulting firm Rystad Energy projects.- Joe Barone, Shale Directories
- Blog
- May 1, 2019
Correction
The story in the May 1 issue of Kallanish Energy entitled “BLM releases report on 5,000-well Wyoming project,” incorrectly stated Northwood Energy is a partner in the project.- Joe Barone, Shale Directories
- Blog
- May 1, 2019
Samson Resources II selling Wyoming assets
Independent producer Samson Resources II said this morning its board approved the sale of its 47,000 acres in Johnson County, Wyoming, in which it holds a 75% working interest in the leasehold, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 30, 2019
SEC alleges insider trading in Chevron-Anadarko deal
The U.S. Securities and Exchange Commission Monday announced it secured a court-ordered freezing of assets related to alleged insider trading that yielded roughly $2.5 million in profit connected to the April 12 announcement Chevron was acquiring Anadarko Petroleum.- Joe Barone, Shale Directories
- Blog
- April 30, 2019
Tellurian holding open seasons for lines costing $2.4B
Liquefied natural gas export company Tellurian announced Monday separate binding open seasons for two proposed pipelines it says will connect areas of constrained shale production and debottleneck natural gas-line infrastructure, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 30, 2019
Panama Canal expansion allows more NGL cargoes
Nearly three years ago, the new, larger Panama Canal opened for business, the first expansion since the canal opened 105 years ago, allowing the transit of larger cargo ships.- Joe Barone, Shale Directories
- Blog
- April 29, 2019
Working gas injected matches previous week’s
The volume of working natural gas injected underground in the latest Energy Information Administration weekly survey matched the previous week’s total, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 29, 2019
Midcoast secures anchor shipper for CJ Express expansion
Midstreamer Midcoast Energy, through its East Texas operating unit, has agreements with an undisclosed anchor shipper and a Haynesville Shale producer for its CJ Express pipeline expansion project.- Joe Barone, Shale Directories
- Blog
- April 26, 2019
Rice sues to block EQT from undercutting board slate
Toby Rice has filed a lawsuit accusing EQT Corp. of trying to confuse shareholders in Rice and his group’s ongoing proxy battle with the company that bought Rice Energy.- Joe Barone, Shale Directories
- Blog
- April 25, 2019
Crude ends day mixed after big jump in U.S. inventories
Crude oil prices Wednesday ended the trading session near six-month highs after data showed U.S. inventories rose to the highest amount in 18 months, allaying concerns of tight supply resulting from Opec+ output cuts and U.S.- Joe Barone, Shale Directories
- Blog
- April 25, 2019
Oxy trumps Chevron’s Anadarko bid, could ignite bidding war
Occidental Petroleum, which has been in informal discussions with Anadarko Petroleum for nearly two years, Wednesday publicly bid $76 a share for the independent producer, topping by 17% an offer by Chevron made roughly two weeks ago.- Joe Barone, Shale Directories
- Blog
- April 23, 2019
Mariner East 1 slated to restart today
The developer of the Mariner East 1 natural gas liquids pipeline told the Pennsylvania Public Utility Commission’s Bureau of Investigation and Enforcement it intends to restart the pipeline today, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 18, 2019