- Renewed Chesapeake Staying True to Gassy Roots, for Now
Chesapeake Energy emerged from bankruptcy in February a more gas-focused company and made clear on its first-quarter earnings call it had no intention to pivot back to oil any time soon.
Nor should it, University of Houston economist Ed Hirs told Energy Intelligence. “This is ...
- Mountain Valley Delay Into 2022 Now Appears Inevitable
Mountain Valley Pipeline (MVP) is sticking with its target to start full operations by the end of this year, although it’s become increasingly clear that its full-service date will slip well into 2022 — dealing would-be Appalachian gas shippers another setback.
- Dakota Access Shutdown Could Boost Kinder Morgan, Enbridge, NuStar Revenue…
Kinder Morgan Inc., Enbridge Inc. and NuStar Energy LP stand to see financial windfalls should a judge decide to shut down the Dakota Access LLC crude oil pipeline while it completes an environmental review, analysts at East Daley Capital Advisors said.
- U.S. Drillers Add Gas Rigs, Hold Oil Rigs Steady this Week: Baker Hughes
U.S. energy firms added two natural gas rigs and kept the number of oil rigs unchanged this week, energy services firm Baker Hughes Co said on Friday, with analysts forecasting more rigs were needed to keep production steady.
- Oil Flat as Weaker Dollar Offsets Coronavirus Demand Worries
Oil prices were little changed on Thursday as a falling dollar and rising stock markets offset earlier declines caused by a big increase in U.S. gasoline stockpiles and subdued demand compared with pre-pandemic levels.
- Texas Storm Fallout Festers in Petrochemical, NGL Sectors
The impacts of a Winter Storm Uri, which wreaked havoc on the Texas energy system in mid-February, are lingering nearly two months later as downstream facilities await freeze-related repairs.
- Midstream Contends With A Producer Bankruptcy Wave
The midstream sector escaped 2020 with no bankruptcies but is struggling with sweeping counterparty risks if existing contracts are thrown out or renegotiated in E&P bankruptcy settlements.
- Canadian Pacific-KC Southern deal likely adds market share, not more crude…
Houston — The $25 billion combination of Canadian Pacific Railway with Kansas City Southern creates the first single-path crude-by-rail gateway from Alberta to the Houston-area refining and export network, but it does not mean overall Canadian crude volumes to the US Gulf Coast are ...
- Well Freeze-Off Prevention: Not One Size Fits All
Much of Texas went dark Feb. 15 because some 13 billion cubic feet — 41% of the state’s gas production — had frozen in the field. So can anything be done to keep such a catastrophic event from happening again?
For many producers, that decision ...
- Natural Gas Flows from Texas to Mexico Taking Hit, but Worst Appears to be…
East Daley Capital Advisors Inc. has taken a decidedly bullish approach toward natural gas prices in its annual “Dirty Little Secrets” midstream report, a result of constraints prompted by the COVID-19 pandemic and in anticipation of the impact of Biden administration energy and climate ...