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Project Developments Chug Along in Wake of LNG Pause
There are more than 20 U.S. LNG projects at some stage of development. President Joe Biden’s yearlong pause on LNG permits complicated matters for the industry trying to build them. Where do things stand now?
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Acquisitions & Divestitures
Vermilion Energy to Sell Saskatchewan, Manitoba Assets for US$302MM
Calgary, Alberta-based Vermilion Energy Inc. is selling Saskatchewan and Manitoba assets in Canada for CA$415 million (~US$302 million).
Shale Plays
Deep Potential: Permian Woodford Delivers as Exxon, Mewbourne Join In
Oklahoma’s finest Woodford Shale developers are applying their learnings to the Permian Basin, where exploration of the deep bench is in its earliest innings.
Super DUG
Prairie Has Big Plans in the D-J, But Will Pump Brakes on $50 Oil
Prairie Operating Co. CFO Greg Patton says the company aspires to produce 100,000 bbl/d as it looks for its next M&A opportunity.
Policy & Regulations
Big Bill Not Beautiful for Clean Energy Passes US House
The legislation passed the House early May 22 with a 215-214 mostly party line vote and essentially guts the Inflation Reduction Act.
Natural Gas
Market Spoke, Hub Evolved: US NatGas Eyes International Prices
Global LNG pricing enters a new era as producers shift away from Henry Hub to international pricing benchmarks such as the Japan Korea Marker.
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Energy Markets
Market Movers
Top
Name | Net Change | % Change |
---|---|---|
Petroquest Energy Inc PQUEQ | 0.01 | 80.18% |
Midstates Petroleum Company Inc MPO | 0.76 | 17.43% |
Lonestar Resources US Inc LONE | 0.94 | 6.24% |
Ring Energy Inc REI | 0.04 | 5.97% |
Wpx Energy Inc WPX | 0.48 | 5.36% |
Bottom
Name | Net Change | % Change |
---|---|---|
Abraxas Petro Corp AXAS | 0.07 | 65.98% |
Approach Res. Inc AREX | 0.01 | 26.56% |
Ultra Petroleum Corp UPL | 0.04 | 21.10% |
Exco Resources Inc XCOOQ | 0.02 | 14.55% |
Highpoint Resources Corp HPR | 0.74 | 13.53% |
Most Active
Name | Volume | 20-Day Avg |
---|---|---|
Southwestern Energy Company SWN | 119,459,600 | 28,413,545 |
Wpx Energy Inc WPX | 117,009,104 | 12,657,311 |
Baytex Energy Corp BTE | 52,044,071 | 45,258,605 |
Anadarko Petroleum Corp APC | 44,791,000 | 8,857,825 |
Marathon Oil Corp MRO | 37,029,700 | 7,524,940 |
Unusual Volume
Name | Volume | 20-Day Avg |
---|---|---|
Wpx Energy Inc WPX | 117,009,104 | 12,657,311 |
Jagged Peak Energy Inc JAG | 30,857,300 | 3,654,350 |
Pdc Energy Inc PDCE | 15,498,000 | 2,032,735 |
Concho Resources Inc CXO | 18,053,800 | 2,619,320 |
Resolute Energy Corp REN | 3,275,600 | 497,075 |
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Oil and Gas Investor Magazine
Dean, Dean and More Dean: Dawson Wells Reach 15 MMbbl Milestone
The sheet of tight Dean sandstone, up to 300 ft thick, that sits between Spraberry and Wolfcamp in the Midland Basin has already made more than 15 MMbbl since 2020 from just 43 wells in Dawson County alone. Here’s a look.