Midstream

This post was originally published on this siteA softening outlook for natural gas activity and an elevated recession risk may lead to some hiccups this year, but the overall forecast for North American hydrocarbons is the healthiest in years, according to Liberty Energy Inc. CEO Chris Wright. The Denver-based hydraulic fracturing (fracking) and completions expert …

U.S. Natural Gas Activity Steady and Completions Market Tight, Says Liberty CEO Read More »

This post was originally published on this siteNGI has made a revision to our February 2023 Bidweek prices that affects the following locations: • Chicago Citygate • Chicago – Nicor Gas • Chicago – NIPSCO • Midwest Regional Avg. The revised data was posted to web, API, FTP and PDF on the afternoon of Thursday, …

NGI Issues February 2023 Bidweek Revision Read More »

This post was originally published on this siteDriven by declines in the oil patch, the U.S. rig count tumbled 12 units lower to finish at 759 for the week ended Friday (Feb. 3), according to updated numbers from oilfield services provider Baker Hughes Co. (BKR). Domestic declines for the week included 10 oil-directed rigs and …

Slowdown in Oil Patch Drives Double-Digit Drop in Latest BKR Count Read More »

This post was originally published on this siteMost of the top financial officers of oil and natural gas companies expect 2023 to bring increases to profitability as a result of post-Covid demand recovery and investors “warming to the industry,” according to a recent survey from BDO USA LLP. In the face of a potential economic …

Oil, Natural Company Financial Chiefs Forecasting Continued Growth in 2023 Read More »

This post was originally published on this siteNatural gas futures slipped further into the red on Thursday despite the potential for cold weather to return to the Lower 48 within the next couple of weeks. With mixed messages in the latest storage data, and Freeport LNG not yet back online, the March Nymex gas futures …

Spot Gas Prices Surge in New England Ahead of Arctic Blast; Futures Shed a Penny Read More »

This post was originally published on this siteRig technology expert Helmerich & Payne Inc. (H&P) is not expecting over-the-top activity by its exploration customers this year, with steady and moderate activity more likely, CEO John Lindsay said this week. Lindsay on Tuesday discussed the fiscal first quarter performance for the Tulsa-based oilfield services company. Last …

Expect ‘Moderate and Choppy’ U.S. Land Activity, Says H&P Chief Read More »

This post was originally published on this siteSt. Charles, Missouri-based InSite Platform Partners has hired Danny Leverette as business development manager for its One-Tank team. The post One-Tank names business development manager appeared first on LP Gas.

This post was originally published on this siteWeakened natural gas prices – following a massive run-up last summer – intersected with rising interest rates to ease inflation that had only a few months ago reached a 40-year high. Further New York Mercantile Exchange gas futures price drops early this year, owing in part to relatively …

Falling Natural Gas Prices, Rising Interest Rates Tap Brakes on Inflation Read More »

This post was originally published on this siteU.S. oil and natural gas trade groups are calling foul on a proposal by federal officials to collect royalties on gas that is vented or flared. The proposal, first announced in November, would replace what the Bureau of Land Management (BLM) called an “outdated” and “ill-suited” ruling that …

Federal Methane Prevention Proposal ‘Unrealistic and Arbitrary,’ Says Energy Industry Read More »

This post was originally published on this siteNatural gas futures added a few pennies in early trading Friday as the market mulled signs of tightening balances following the latest round of government inventory data, while forecasts continued to hone in on mild February temperatures.  The March Nymex contract was up 3.9 cents to $2.495/MMBtu at …

Analysts See Signs of Tighter Balances as Natural Gas Futures Claw Back a Few Pennies Read More »