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U.S. Oil Output to Begin Rebounding in July, but 2021 Not ‘Year of Salvation’
NGI Shale Daily May 26, 2020 | 19:29 pmDomestic oil production, fueled by tremendous growth in unconventional fields nationwide, is predicted to claim a two-year low and bottom in June at around 10.7 million b/d before beginning a gradual northward turn.
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Colombia Advances Fracking Regulation During Coronavirus Lockdown
NGI Shale Daily May 26, 2020 | 19:13 pmThe president of Colombia’s National Hydrocarbons Agency (ANH) Armando Zamora said last week that working from home has made the regulatory environment more efficient, especially as it pertains to sanctioning hydraulic fracturing (fracking) pilot projects.
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EQT’s 1.4 Bcfe/d Natural Gas Curtailment in Appalachia May Extend Through June
NGI Shale Daily May 26, 2020 | 15:15 pmAppalachian natural gas giant EQT Corp. said Tuesday the 1.4 Bcfe/d curtailment announced last week may extend through June...
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Pennsylvania VOC Emission Crackdown Eyed from Existing Natural Gas, Oil Infrastructure
NGI Shale Daily May 26, 2020 | 13:20 pmEmissions from Pennsylvania’s existing natural gas and oil infrastructure, including at Marcellus and Utica shale sites, are facing more stringent oversight under a draft proposal.
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Pennsylvania Sees Sharp 1Q Declines in Unconventional NatGas Production, Activity
NGI Shale Daily May 22, 2020 | 20:10 pmFor the first time in more than three years, Pennsylvania’s unconventional operators reported a quarter/quarter decline in natural gas production...
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North Dakota E&Ps, Mineral Owners Testify On Oil Patch Devastation
NGI Shale Daily May 22, 2020 | 20:05 pmStakeholders in North Dakota’s oil patch offered diverse opinions on Wednesday to the state’s oil and gas regulator on how to address the challenges facing operators and mineral owners in the Bakken Shale, where exploration and production (E&P) has been[…]
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U.S. Drops 21 Rigs as Drilling Declines Continue to Mount in Oil Patch
NGI Shale Daily May 22, 2020 | 18:32 pmThe U.S. rig count continued on its downward trajectory during the week ending Friday (May 22), albeit at a somewhat less dramatic pace, falling 21 units to finish at 318, according to the latest numbers from Baker Hughes Co. (BKR).
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National Oil Companies Slash Capex Budgets in Unprecedented Crisis
NGI Shale Daily May 22, 2020 | 15:29 pmNational oil companies across the world plan to cut exploration budgets by more than a quarter on average in 2020, according to new research by Wood Mackenzie.
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U.S. E&Ps to Curtail 1.75 Million B/d by Early June as ‘Great Shut-in’ Slams Door on Production
NGI Shale Daily May 21, 2020 | 20:03 pmWith the Covid-19 pandemic still limiting energy demand, about 1.7 million b/d of existing oil production temporarily could be shut-in across the United States by early June, according to IHS Markit.
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NGTL Expansion Delayed as Coronavirus Slows Canada Consultations
NGI Shale Daily May 21, 2020 | 19:40 pmThe Covid-19 virus has delayed Canadian government approval of a C$2.3 billion ($1.7 billion) capacity expansion proposed by TC Energy Corp.’s Alberta and British Columbia (BC) supply collection network, Nova Gas Transmission Ltd. (NGTL).
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