Liquefied Natural Gas (LNG)

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
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.