- Joe Barone, Shale Directories
- Blog
- April 18, 2019
Oryx Delaware launches open season for transportation system
Oryx Midstream Services II said Thursday its Oryx Delaware Oil Transport unit has launched a binding open season to support its regional crude oil transportation system serving the Delaware Basin in Texas/New Mexico, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 18, 2019
Oil prices drop on China growth, lower U.S. crude stockpiles
Crufe oil prices dropped Wednesday after Brent crude hit a 2019 high above $72 a barrel, supported by steady economic growth in China and data showing U.S.- Joe Barone, Shale Directories
- Blog
- April 17, 2019
Crude production projected to rise 80,000 Bpd
Crude oil production from the seven most productive unconventional plays/basins in the Lower 48 U.S. states will increase 80,000 barrels per day from April to May to a new record, the Energy Information Administration projects.- Joe Barone, Shale Directories
- Blog
- April 16, 2019
U.S., Brent crudes slip, as Russia talks output hikes
Crude oil prices fell Monday after Russia’s finance minister said Russia and Opec+ may boost production to fight the U.S. for market share, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 15, 2019
Medallion Delaware, Medallion line announce open season
Medallion Delaware Express and Medallion Pipeline said Friday they are conducting a binding open season to support an expansion of the Delaware Express and Medallion pipeline systems for an expanded joint tariff service.- Joe Barone, Shale Directories
- Blog
- April 15, 2019
WTI, Brent rise on tightening supply perception
Crude oil prices rose last Friday as involuntary supply cuts from Venezuela and Iran, plus conflict across Libya supported the possibility of a tightening crude market, while positive Chinese economic data eased concerns about falling crude demand.- Joe Barone, Shale Directories
- Blog
- April 15, 2019
Working gas injected for 2nd straight week
In what generally signals spring and warmer weather have arrived, natural gas was injected, not pulled from, underground for the second consecutive week in the latest Energy Information Administration survey, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 11, 2019
Natural gas consumption projected to jump in 2019
The Energy Information Administration expects U.S. natural gas consumption to increase by 2.5 billion cubic feet per day (Bcf/d) (3.0%) in 2019, according to EIA’s just-released Short-Term Energy Outlook (Steo), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 11, 2019
Trump signs orders making it tougher to block pipelines
President Trump Wednesday signed two executive orders designed to eliminate hurdles to new and existing natural gas pipeline construction nationwide, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 10, 2019
Executive order aims to prevent states from blocking pipelines
President Trump today will sign an executive order designed to prevent states from blocking pipelines and other energy infrastructure by using authority they feel is afforded them under the federal Clean Water Act, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 10, 2019
Crude prices fall as Russia suggests it will raise output
Crude oil prices fell Tuesday from five-month highs as Russian comments signaled the possible easing of the Opec+ supply-cutting deal overcame concern violence in Libya could tighten global markets, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 9, 2019
Callon divests non-core assets in $260M deal
Houston-based independent producer Callon Petroleum said Monday it’s entered into a deal to sell certain non-core assets in the Midland Basin to an unnamed buyer for $260 million in cash.- Joe Barone, Shale Directories
- Blog
- April 9, 2019
Pressure pumping HP demand set to rise in 2019
Pressure pumper horsepower will increase in Q2, rebounding from a sluggish end to 2018, according to the new U.S. Horsepower Outlook report, offered by Westwood’s Global Energy Group.- Joe Barone, Shale Directories
- Blog
- April 8, 2019
Venezuela oil output is said to have dropped by 50%
Power failures that kept Venezuela in darkness for much of March also briefly slashed the country’s crude production by 50%, people familiar with the situation told Bloomberg.- Joe Barone, Shale Directories
- Blog
- April 4, 2019
LNG will be big part of China-U.S. trade once tensions resolved: CNOOC
Liquefied natural gas is expected to become a big part of China-U.S. trade once the dispute is resolved between the two countries, a senior executive from China National Offshore Oil Corp.- Joe Barone, Shale Directories
- Blog
- April 3, 2019
Xom weighs sale of Nigerian O&G fields for up to $3B
ExxonMobil has held talks on the sale of a number of oil and gas fields in Nigeria, as the company focuses on developments in the U.S.’s Permian Basin and Guyana, industry and banking sources told Reuters.- Joe Barone, Shale Directories
- Blog
- April 3, 2019
Shell enters into 20-year deal with Rio Grande LNG
The liquefied natural gas arm of oil supermajor Royal Dutch Shell has become the first customer of NextDecade’s proposed $15 billion Rio Grande LNG export terminal at the Port of Brownsville, Texas.- Joe Barone, Shale Directories
- Blog
- April 1, 2019
Citgo secures $1.2B in long-term financing
U.S. refiner Citgo Petroleum said last week it received $1.2 billion in financing via a five-year Term Loan B, with participation from roughly 35 financial institutions.Working-rig count drops for 6th straight week
The number of working rigs onshore in the Lower 48 U.S. states last week fell for the sixth consecutive week, and now is only seven rigs ahead of last year’s total.- Joe Barone, Shale Directories
- Blog
- March 30, 2019
Working gas pulled from storage slips
The volume of working natural gas withdrawn from underground storage in the most recent Energy Information Administration weekly survey fell to double from triple digits for the second straight week.- Joe Barone, Shale Directories
- Blog
- March 29, 2019
Group takes oil refinery fight to North Dakota’s high court
An environmental group is taking its battle against an oil refinery being developed near Theodore Roosevelt National Park to the North Dakota Supreme Court.- Joe Barone, Shale Directories
- Blog
- March 27, 2019
Kimbell Royalty closes deal with EnCap
Kimbell Royalty Partners said Monday it’s closed the previously announced purchase of oil and gas royalty assets from EnCap Investments for roughly $171.6 million in Kimbell Royalty Operating stock.- Joe Barone, Shale Directories
- Blog
- March 27, 2019
Activity stops at Venezuela’s main oil port after blackout
Venezuela’s main oil port of Jose, operated by state-run oil giant Pdvsa, was virtually shut down following a massive power blackout Monday, two oil industry workers and a union leader close to the facility told Reuters.- Joe Barone, Shale Directories
- Blog
- March 27, 2019
Crudes rise as supply cuts overcome economic worry
Crude oil rose sharply Tuesday as Opec+ supply cuts and expectations of lower U.S. inventories outweighed concern about weaker demand due to a potential worldwide economic slowdown.- Joe Barone, Shale Directories
- Blog
- March 26, 2019
Kinder Morgan backs out of offshore crude terminal
Houston pipeline operator Kinder Morgan has sold its stake in a proposed offshore crude oil export terminal in the Gulf of Mexico known as Texas COLT, the company confirmed Monday.- Joe Barone, Shale Directories
- Blog
- March 26, 2019
ET, Shell ink pact to move LNG project closer to Fid
Energy Transfer (ET) and Shell U.S. LNG on Monday signed a Project Framework Agreement (Pfa) that provides the basis to further develop a large-scale liquefied natural gas export facility in Lake Charles, Louisiana.- Joe Barone, Shale Directories
- Blog
- March 25, 2019
U.S. imports zero Venezuelan heavy crude
The combination of President Trump’s sanctions and the economic chaos that is Venezuela combined during the week ended March 15 to zero-out U.S.- Joe Barone, Shale Directories
- Blog
- March 25, 2019
Crude drops from 2019 highs, settles down more than 1%
West Texas Intermediate and Brent crude oils fell more than 1% Friday, slipping further from 2019 highs reached earlier last week.- Joe Barone, Shale Directories
- Blog
- March 22, 2019
Crude settles pennies lower, near 4-month high, as supplies tighten
Crude oil dropped slightly Thursday, but held near 2019 highs, supported by a sharp tightening of global stocks, Opec production cuts and U.S.- Joe Barone, Shale Directories
- Blog
- March 22, 2019
Rice brothers announce director nominees for EQT board
Toby Z. and Derek A. Rice have delivered on a months-ago promise to EQT Corp.’s board and management to run their own people to man the independent producer’s board.- Joe Barone, Shale Directories
- Blog
- March 21, 2019
U.S. judge blocks O&G drilling over climate change
A federal judge has blocked oil and gas drilling across roughly 500 square miles of Wyoming territory, saying the U.S. government must consider climate change impacts more broadly as it leases huge areas of public land for energy exploration.- Joe Barone, Shale Directories
- Blog
- March 21, 2019
U.S. crude inventories plunge on strong exports, refining demand
U.S. crude oil inventories last week fell by 9.6 million barrels (Mmbbl), the most in eight months, aided by strong export and refining demand, the Energy Information Administration reported Wednesday.- Joe Barone, Shale Directories
- Blog
- March 21, 2019
WTI, Brent crudes settle higher
Crude oil prices rose Wednesday, with U.S. crude topping $60 a barrel for the first time in roughly four months, after government data showed American crude oil inventories plunged.- Joe Barone, Shale Directories
- Blog
- March 20, 2019
Tallgrass Energy promotes Moler to president
Midstreamer Tallgrass Energy this week announced the promotion of chief operating officer Bill Moler to president, effective immediately. The Kansas-based company said David G.- Joe Barone, Shale Directories
- Blog
- March 20, 2019
Crude oil prices mixed after hitting new 2019 highs
Crude oil prices were little changed Tuesday after hitting 2019 highs earlier in the day, maintaining strength on expectations Opec+ will continue its production cuts.- Joe Barone, Shale Directories
- Blog
- March 18, 2019
ArcLight affiliate acquiring American Midstream
American Midstream Partners announced this morning an affiliate of private equity firm ArcLight Energy Partners is acquiring the midstreamer in an all-cash deal valued at $5.25 per share.- Joe Barone, Shale Directories
- Blog
- March 15, 2019
Citgo’s new chairwoman reassures O&G industry
Luisa Palacios, Citgo Petroleum’s recently appointed chairwoman, reassured the energy industry this week the Houston-based refiner remains reliable, despite the political and economic crisis that’s crippled its parent, Venezuela’s national oil company, PDVSA.- Joe Barone, Shale Directories
- Blog
- March 14, 2019
Antero Resources receives $297M from Antero Midstream melding
Colorado-based Antero Resources said Wednesday it’s received $297 million in cash related to the melding of Antero Midstream Partners (AM) and its general partner entity, Antero Midstream GP (Amgp).- Joe Barone, Shale Directories
- Blog
- March 14, 2019
Inter Pipeline plans $600M petchem plant
Calgary-based Inter Pipeline has plans to build a $600 million petrochemical project near Edmonton, Alberta, Kallanish Energy reports. The province of Alberta has agreed to provide $70 million in royalty credits under Premier Rachel Notley’s Made-in-Alberta energy diversification strategy.- Joe Barone, Shale Directories
- Blog
- March 12, 2019
Antero Midstream, Amgp announce simplification approval
Antero Midstream Partners (AM) and the partnership’s general partner, Antero Midstream GP (Amgp), said Monday AM’s unitholders and Amgp’s shareholders voted to approve the previously announced “simplification” transaction between the companies.- Joe Barone, Shale Directories
- Blog
- March 12, 2019
OIl. natgas production soars in Ohio’s Utica
Crude oil production in Ohio’s Utica Shale play increased by 38.56% from the fourth quarter of 2017, to the final three months of 2018, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 8, 2019
Hess Infrastructure closes buy of Hess Corp.’s Bakken water business
Hess Infrastructure Partners, a midstream joint venture between Hess Corp. and Global Infrastructure Partners, has closed the $225 million cash deal for Hess’ Bakken water services business.- Joe Barone, Shale Directories
- Blog
- March 8, 2019
Rio Grande LNG leases acreage at Port of Brownsville
The proposed $15 billion Rio Grande LNG export terminal and pipeline at the Port of Brownsville, Texas, took a big step forward this week when the Brownsville Navigation District awarded Rio Grande LNG a 30-year lease for 984 acres of land along the Brownsville Ship Channel.- Joe Barone, Shale Directories
- Blog
- March 6, 2019
Blm approves Wyoming pipelines for enhanced oil recovery
The U.S. Bureau of Land Management has approved construction of two 243-mile twin pipelines across Wyoming, Kallanish Energy reports. The project would transport carbon dioxide from southwest Wyoming for use in enhanced oil recovery in Wyoming, Montana and North Dakota.- Joe Barone, Shale Directories
- Blog
- March 4, 2019
NGL Energy closes buy from DCP Midstream
NGL Energy Partners said it’s closed the previously announced deal to acquire seven natural gas liquids terminals in the Eastern U.S.Working-rig total falls by eight
The number of rigs working onshore in the Lower 48 U.S. states last week dropped by eight units, the latest weekly rig survey from oilfield services firm Baker Hughes, a GE company, revealed.- Joe Barone, Shale Directories
- Blog
- March 1, 2019
Jupiter extends open season for Permian to Brownsville line
Privately-held midstreamer Jupiter Energy Group announced Thursday it’s doubled the length of time for the binding open season for its intrastate Texas crude oil project, the Jupiter Pipeline.- Joe Barone, Shale Directories
- Blog
- March 1, 2019
Eclipse, Blue Ridge close merger, change name
Eclipse Resources and Blue Ridge Mountain Resources said Thursday they’ve completed their merger, announced last August, with the melded company now known as Montage Resources Corp.- Joe Barone, Shale Directories
- Blog
- March 1, 2019
Opec rescued oil from ‘total collapse,’ U.S. prevented ‘major chaos’: Barkindo
Opec is responsible for saving the entire oil industry by curbing output, the cartel’s secretary general told CNBC — but the U.S.- Joe Barone, Shale Directories
- Blog
- February 25, 2019
Matador, Five Point partner to expand Delaware Basin operations
Midstreamer Matador Resources announced this morning it’s again partnering with a unit of private equity firm Five Point Energy in a deal to expand midstream operations in the Delaware Basin.- Joe Barone, Shale Directories
- Blog
- February 25, 2019
Targa to sell stake in Badlands assets for $1.6B
Targa Resources has agreed to sell a 45% stake in its midstream assets in North Dakota to funds managed by Blackstone units GSO Capital Partners and Blackstone Tactical Opportunities for $1.6 billion in cash.Working-rig total falls slightly
The number of rigs working in the Lower 48 U.S. states fell slightly last week, but remained above 1,000 rigs as it has since the week of May 18, 2018, data from Baker Hughes, a GE company, reveals.- Joe Barone, Shale Directories
- Blog
- February 22, 2019
QEP, Vantage cancel Williston deal
Independent oil and gas producer QEP Resources and Vantage Energy Acquisition this week officially canceled their proposed $1.7 billion deal in which QEP would sell its Williston Basin assets.- Joe Barone, Shale Directories
- Blog
- February 22, 2019
Companies partner to export frac sand to Argentina
Frac sand miner/distributor Shale Support is partnering with international transportation company Fracht Group to ship frac sand to Argentina and the Vaca Muerta Shale play.- Joe Barone, Shale Directories
- Blog
- February 20, 2019
Gas production jumps from February to March: Dpr
Natural gas production from the seven most prolific unconventional basins/plays in the Lower 48 U.S. states will jump by nearly 1 billion cubic feet between February and March, the monthly Drilling Productivity Report (Dpr) reveals.- Joe Barone, Shale Directories
- Blog
- February 20, 2019
Crude production projected to rise from February to March
Crude oil production from the seven most prolific unconventional basins/plays in the Lower 48 U.S. states will climb 84,000 barrels per day from February to March, the latest Drilling Productivity Report (Dpr) projects.- Joe Barone, Shale Directories
- Blog
- February 18, 2019
Rimrock inks pact with Confluence, extends DJ system
Midstreamer Rimrock Energy Partners said this morning it’s secured a long-term acreage dedication from producer Confluence Resources in the northern Denver-Julesburg Basin.- Joe Barone, Shale Directories
- Blog
- February 15, 2019