- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Air Products acquires five hydrogen plants for $530M
Pennsylvania-based Air Products has reached an agreement to buy five hydrogen steam methane reformer plants from New Jersey-based PBF Energy for $530 million.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Cheniere seeks to have Midship pipeline online by April
Cheniere Energy has asked the U.S. Federal Energy Regulatory Commission (FERC) to put its Midship natural gas pipeline into service “no later than April 17,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
M&A activity collapsed in first quarter 2020: Enverus
Merger and acquisition activity largely collapsed in the first quarter of 2020, according to a new report from Texas-based Enverus. Such activity was very slow, even before the coronavirus hit and the crude oil price war between Saudi Arabia and Russia that is impacting U.S.- Joe Barone, Shale Directories
- Blog
- April 2, 2020
BP slashes capex, cuts US onshore activities
British oil major BP said Wednesday it will slash organic capex by 25% to protect its financial health, in response to the Covid-19 pandemic and ongoing market disruption, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 2, 2020
Whiting Petroleum first major shale victim of oil price crash
U.S. based Whiting Petroleum Corporation on Wednesday became the first large shale company to file for bankruptcy protection, after falling victim of the crash in oil prices, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 31, 2020
US gas-fired electricity up by 12% this year: EIA
Natural gas-generated electricity in the United States has grown by 12% year-on-year in 2020, according to the U.S. Department of Energy and its Energy Information Administration.- Joe Barone, Shale Directories
- Blog
- March 31, 2020
Shell exits Lake Charles LNG project in Louisiana
Shell announced on Monday it is exiting a proposed liquefied natural gas (LNG) facility in Lake Charles, Louisiana, citing current market conditions, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Energy Transfer gets Pa. waivers for Mariner East 2 work
Pennsylvania has approved six waivers to allow Energy Transfer and subsidiary Sunoco to continue construction on its Mariner East 2 pipelines, Kallanish Energy reports The waivers, approved on Wednesday, allow the company to continue working at 15 construction sites across the state.- Joe Barone, Shale Directories
- Blog
- March 26, 2020
South Dakota toughens up on pipeline rioters
South Dakota Gov. Kristi Noem has signed legislation to toughen the state’s riot laws with criminal and civil penalties for those who urge rioting against pipeline projects, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 25, 2020
Market conditions threaten US petchem projects
The U.S. and global chemical investment wave is set to slow “considerably” in the coming years, as companies slash their capex to preserve cash, ICIS said this week.- Joe Barone, Shale Directories
- Blog
- March 23, 2020
Fitch cuts 2020 Brent price forecast by $21.50/Bbl 📉
Fitch Ratings revised down its short- and medium-term forecasts for crude oil prices, as the market is expected to be “massively oversupplied” in 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
FERC approves Jordan Cove LNG in Oregon
The Federal Energy Regulatory Commission on Thursday issued a certificate of approval for a liquefied natural gas (LNG) facility in Oregon, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Struggling Gulfport Energy seeks restructuring help
Gulfport Energy, a major natural gas producer in the Appalachian Basin, has hired an investment bank as a debt restructuring adviser, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
ConocoPhillips to cut 2020 capex by $750 million
ConocoPhillips has announced it’s cutting its operational capital expenditure by $700 million this year in response to the recent oil market downturn, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 19, 2020
EOG Resources cuts $2 billion or 31% from capex budget
Texas-based EOG Resources is cutting its 2020 capital spending by $2 billion or 31%, in the wake of the spreading coronavirus and the crude oil price war between Saudi Arabia and Russia that is impacting U.S.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
Nine counties challenge tighter Colorado air rules
Nine rural counties in western Colorado have filed a lawsuit challenging state rules adopted last December to reduce unhealthy ozone pollution, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
BJ Services, Aethon to add new fracturing fleet
Texas-based BJ Services has entered into a four-year agreement with Aethon Energy for a natural gas-fueled fracturing fleet to be used in Louisiana, Kallannish Energy reports The first next-generation Titan fleet will be deployed in the gas-rich Haynesville Shale in the fourth quarter of 2020.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
Wyoming eyes Occidental lands in Utah, Colorado
It is the strangest story of the week: Wyoming may soon to buy a chunk of land in another state for possible oil and gas drilling and other uses, Kallanish Energy has learned.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
Ohio eco-groups recall XTO Energy gas well blowout
One of the biggest-ever methane leaks in the United States occurred two years ago at a natural gas well in eastern Ohio, and Ohio environmentalists remembered that event on Thursday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 12, 2020
US natural gas production up 10% in 2019: EIA
U.S. natural gas production increased by 10% in 2019, according to the Department of Energy and its Energy Information Administration. Volumes were up by 9.8- 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 11, 2020
Cenovus to cut 2020 capital spending by 32%
In the wake of the oil price crash, Alberta-based Cenovus announced that it was cutting its 2020 capital spending by 32%, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Oil prices collapse 30%, may dip into $20s
Saudi Arabia added fuel to an already burning oil market by slashing its crude oil prices to Europe, Asia and the U.S.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Parsley Energy, Diamondback Energy cut Permian drilling
Permian players Diamondback Energy and Parsley Energy announced Monday they are cutting down development activities as an immediate reaction to the crash in oil prices.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Oil price rout to trigger major industry shake-up: WoodMac
The oil price rout may trigger a major industry shake-up, and U.S. independent companies may be forced to act sooner than later, Kallanish Energy learns from Wood Mackenzie experts on Monday.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Half of BLM workers agree to move from D.C. to Colorado
About half of the 179 Bureau of Land Management workers being shifted from Washington, D.C., to western Colorado by the Trump administration have agreed to the move and the other half has quit or left the agency, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 9, 2020
FERC releases massive EIS for $40B Alaska LNG project
The Federal Energy Regulatory Commission has issued a generally favorable Environmental Impact Statement for a long-sought natural gas pipeline and liquefied natural gas export project in Alaska, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 9, 2020
Enbridge to proceed with $500M Line 5 Pipeline tunnel
Enbridge announced Friday that it intends to build a $500 million pipeline tunnel under the Straits of Mackinac after a long and continuing legal fight with the state of Michigan, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 9, 2020
Warren Buffett withdraws from $9.5B Quebec LNG project
Warren Buffett and his Berkshire Hathaway investment company have reportedly decided against investing $4 billion in a proposed liquefied natural gas (LNG) project in Quebec, Kallanish Energy learns.US rig count increases by three in last week
The number of rigs drilling for oil and natural gas in the United States increased by three, according to a new report compiled by Baker Hughes, the Texas-based well service company.- Joe Barone, Shale Directories
- Blog
- March 6, 2020
FortisBC to expand Tilbury LNG plant in B.C.
FortisBC Holdings has filed initial paperwork with British Columba regulators to expand its Tilbury Island liquefied natural gas plant, 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 5, 2020
Gulfport, Firefly fight continues to simmer
Gulfport Energy is continuing to fight with Firefly Value Partners, its largest shareholder, Kallanish Energy reports. It is a fight over control of the board of directors of Gulfport, one of the largest natural gas producers in the U.S.- Joe Barone, Shale Directories
- Blog
- March 4, 2020
Tellurian to cut costs, renegotiate loan terms
U.S. liquefied natural gas producer Tellurian has revealed plans to cope with uncertain market conditions, including extending the maturity date of a 2019 loan, Kallanish Energy reports.- 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.- Joe Barone, Shale Directories
- Blog
- March 4, 2020
Work set to resume on Coastal GasLink Pipeline
Construction is to resume on the Coastal GasLink Pipeline in western Canada after weeks of protests, arrests and rail blockades across Canada, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 3, 2020
BofA cuts crude price forecast by $8 a barrel
Strategists at the Bank of America’s Global Commodity Research have changed their 2020 forecast for crude oil prices by $8 a barrel, due to the impact of the coronavirus outbreak on the global economy.- Joe Barone, Shale Directories
- Blog
- March 2, 2020
Midcoast inks anchor shipper pacts for CJ Express expansion
Midcoast Energy’s East Texas operating subsidiary has made a positive final investment decision and entered into definitive, long-term anchor shipper agreements in support of its CJ Express expansion project.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 28, 2020
Slightly higher 2019 sales. big drop in losses: EQT
The U.S.’s No. 1 natural gas producer reported Thursday fourth-quarter total sales fell from a year ago, while full-year total sales were up slightly from 2018, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 28, 2020
EQT, EQM sign gas gathering pact
Independent producer EQT Corp. and EQM Midstream Partners LP (EQM) said Wednesday they’ve executed a 15-year gas gathering agreement covering Pennsylvania and West Virginia both sides call a win-win deal.- Joe Barone, Shale Directories
- Blog
- February 27, 2020
PA’s natgas production, producing well total rise
Pennsylvania’s natural gas production volume, number of producing wells and average production per well all rose in 2019 from 2018, with all three categories jumping by triple digits from eight years ago, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 26, 2020
Centennial sells disposal wells, infrastructure for $225M
Colorado-based independent producer Centennial Resource Development Inc. is selling its saltwater disposal wells and associated produced water infrastructure in Reeves County, Texas, to WaterBridge Holdings LLC for $225 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 25, 2020
Supreme Court begins hearing ACP arguments
The U.S. Supreme Court Monday began hearing arguments that will determine the fate of the Atlantic Coast Pipeline (ACP), the $8 billion natural gas line that would flow Marcellus Shale Play gas from West Virginia through Virginia and North Carolina.- Joe Barone, Shale Directories
- Blog
- February 24, 2020
Phillips 66 Partners acquires 50% interest in Liberty line
Midstreamer Phillips 66 Partners LP (PSXP) said Friday it’s acquiring from its sponsor, Phillips 66, its 50% interest in the $1.6- 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 21, 2020
North Dakota regulators approve DAPL expansion
The North Dakota Public Service Commission this week voted 3-0 to approve the proposed expansion of the Dakota Access Pipeline (DAPL), which involves building a pump station in Emmons County to help push up to twice as much crude oil through the line daily.- Joe Barone, Shale Directories
- Blog
- February 21, 2020
CER recommends approval of Alberta gas line project
The Canada Energy Regulator (CER) is recommending approval of NOVA Gas Transmission Ltd.’s 2021 System Expansion Project in western Canada, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 21, 2020
BLM to release new plans for greater sage-grouse habitat
The U.S. Bureau of Land Management today will release six draft supplemental Environmental Impact Statements for management of greater sage-grouse habitat on public lands in seven Western states, Kallanish Energy reports..- Joe Barone, Shale Directories
- Blog
- February 20, 2020
ET announces Eagle Ford, Delaware Basin deals
Energy Transfer (ET) said Wednesday it’s signed a number of gathering, processing, transportation and fractionation agreements with a large, unnamed integrated energy company, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 19, 2020
Month-to-month US gas production projected to drop
Natural gas production in the seven most prolific basins/plays in the Lower 48 U.S. states is projected to drop between February and March, the Energy Information Administration’s February Drilling Productivity Report (DPR) reveals.- 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
- February 14, 2020
ND oil production may peak within 5 years: officials
North Dakota’s oil production may peak within five years, as companies finish drilling the most prolific parts of the state, state and industry officials told lawmakers this week, Kallanish Energy finds.- Joe Barone, Shale Directories
- Blog
- February 13, 2020
Woodside writing-down Western Canada investments
A partner in the proposed Kitimat LNG project on the British Columbia coast said it will record a $720 million after-tax writedown on its investments in Western Canada, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- February 13, 2020
Southern sells its stake in ACP to Dominion
Dominion Energy is buying The Southern Co.’s 5% share in the Atlantic Coast Pipeline (ACP) for $175 million, Kallanish Energy learns. Currently under construction, the projected cost of the 600-mile natural gas pipeline has increased to $8 billion, up considerably from the estimated $4.5- Joe Barone, Shale Directories
- Blog
- February 10, 2020
ARB announces new connection to DJ Basin system
ARB Midstream’s DJ South Gathering LLC unit last week announced another expansion of its crude oil gathering and transportation system in the DJ Basin in northeastern Colorado, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 5, 2020
Midstreamers exercise Saddlehorn option
Noble Midstream Partners LP and Greenfield Midstream LLC announced Tuesday they’ve exercised their option to acquire a 20% interest in the Saddlehorn Pipeline for $155 million gross, $84 million net to Noble Midstream, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 3, 2020
Energy Transfer announces open season for Mariner West
Energy Transfer LP said last Friday its Sunoco Pipeline L.P. unit launched a binding open season for ethane transportation service on its Mariner West pipeline, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 29, 2020