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EP Energy Trading OTC as NYSE Moves to Delist Stock
NGI Shale Daily May 24, 2019 | 18:41 pmHouston’s EP Energy Corp., which launched five years ago brimming with Lower 48 assets once owned by El Paso Corp. (now part of Kinder Morgan Inc.), has begun trading over the counter after the New York Stock Exchange suspended trading.
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Riviera Inks Deal to Sell More Legacy Assets in Michigan
NGI Shale Daily May 24, 2019 | 18:37 pmRiviera Resources Inc. has agreed to sell its interest in oil and natural gas properties in Michigan to an undisclosed buyer for $44.5 million.
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Oil Patch Loses Five Rigs in United States, 16 Added in Canada
NGI Shale Daily May 24, 2019 | 18:24 pmThe U.S. oil patch continued to thin its ranks, losing five rigs during the week ended Friday (May 24), while one natural gas rig returned to work in the Lower 48, according to data from Baker Hughes, a GE Company.
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Pemex Bets on Natural Gas-Rich Ixachi Field; AMLO Backs Production Goals – Bonus Coverage
NGI Shale Daily May 24, 2019 | 18:19 pmMexico’s state oil company Petróleos Mexicanos will invest 56 billion pesos or about $3 billion in the natural gas-rich Ixachi field in Veracruz with the aim of reaching production of 80,000 b/d of crude and 600 MMcf/d of gas by[…]
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Frack Sand Providers Face Supply Imbalance as E&Ps Dig In on Costs
NGI Shale Daily May 24, 2019 | 13:57 pmProppant sand providers, which faced headwinds during the first quarter from low prices and conservative spending by...
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Sunoco Still Working to Secure More Mariner East Shippers
NGI Shale Daily May 23, 2019 | 19:19 pmFERC has approved Sunoco Pipeline LP’s request to provide priority service on its Mariner East (ME) pipelines for prospective shippers that want to commit to previously contracted capacity that was canceled after part of the system failed to come online[…]
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Diamondback’s Rattler Strikes in Upsized Energy Offering
NGI Shale Daily May 23, 2019 | 19:17 pmRattler Midstream LP, a subsidiary of Permian Basin pure-play Diamondback Energy Inc., began trading on Nasdaq Thursday via a better-than-expected public offering.
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Breakeven Oil Prices Underscoring Lower 48’s Impact on Market
NGI Shale Daily May 23, 2019 | 19:16 pmThe oil price needed to profitably drill wells has tracked with prices for long-dated oil futures out to five years, with Lower 48 output appearing to play...
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West Texas Permian to Site Largest DAC, CO2 Sequestration Project
NGI Shale Daily May 23, 2019 | 13:14 pmThe Permian Basin in West Texas has been chosen to site the world’s largest direct air capture (DAC) and sequestration facility, according to Occidental Petroleum Corp. (Oxy) and Carbon Engineering Ltd. (CE).
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Correction
NGI Shale Daily May 23, 2019 | 11:21 am
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