The Latest

In Service: Appalachian E&Ps Banking on MVP for Bigger Returns

Appalachian Basin E&Ps are expected to ramp up production for the Equitrans-operated Mountain Valley Pipeline by 2025 — although, near term, only about 38% of the line’s capacity is expected to be used, an analyst said.

US Drillers Cut Oil, Gas Rig Count to Lowest Since January 2022

Baker Hughes said the total rig count is down 97 rigs, or 14%, below this time last year.

Producers Trim 2024 Hedges Amid Bullish Oil Prices, M&A

Meanwhile, gas-weighted players are benefitting from solid hedge books planned ahead of price uncertainty.

US Producers to Contribute to 2030 Oil Supply Surplus

Higher world oil production, led by U.S. and other producers in the Americas, will outpace demand between 2023-2030 and inflate the world’s spare capacity cushion, according to the IEA.

Howard: Power Generation Growth Dependent on NatGas Demand

Electricity demand needs reliable natural gas to function as coal capacity is retired and less reliable renewables take a greater share of the power supply stack.

Arizona Regulators OK Gas Power Plant Expansion, Bypassing Environmental Rule

Critics claim the vote sets a precedent for more unsupervised development of gas-fired generation.

Aramco to Source Shale Feed-gas from NextDecade’s RGLNG Train 4

Aramco looks to offtake LNG from NextDecade Corp.’s Rio Grande LNG Train 4 in Brownville, Texas. A move that will source feed-gas from the Permian and Eagle Ford.

Analysis: China Prioritizes LNG Regasification as European Demand Wanes

Lower European demand is being countered by a growing LNG market in Asia, according to GlobalData research.

Permian To Drive Two-thirds of US Oil Output Growth Through '25 – EIA

The Permian Basin will drive U.S. oil production growth for the foreseeable future, according to the U.S. Energy Information Administration. But Permian associated gas growth continues to pressure the natural gas industry.  

US LNG to Asia Has Lower Emissions Profile than Coal, Rystad Says

LNG emissions are up to 50% lower on average than for coal-fired power generation, even when the fuel is shipped over long distances, according to new research from Rystad Energy.