Updated Aug 30, 2024
8/30/24
Domestic liquefied natural gas (LNG) exports have remained steady and are on track to finish the month well above year-ago levels as the market continues to be tested by word of new cargo cancellations and warning signs for what lies ahead.
Still seeking the commitments it will need to reach a final investment decision (FID) on its proposed Driftwood liquefied natural gas (LNG) export project, Tellurian Inc. said it has extended negotiations with prospective buyer Petronet LNG Limited of India.
U.S. onshore permits climbed 12% to 2,612 in January from December, mostly from a rebound in the Permian Basin, but overall activity was sharply off from a year ago, according to a recap by Evercore ISI.
Capital discipline appeared to creep into the U.S. drilling permit count at the end of 2019, with slumping activity during December seen across the Lower 48, according to data compiled by Evercore ISI.
Capital discipline appeared to creep into the U.S. drilling permit count at the end of 2019, with slumping activity during December seen across the Lower 48, according to data compiled by Evercore ISI.
The Haynesville Shale drove a “healthy” increase in U.S. natural gas permitting during November, up 20% month/month, and the play has seen an average 14% increase in permitting for four straight months, according to Evercore ISI.
The U.S. offshore proved to be a bright spot for oil and natural gas permitting during September, while the Lower 48 reported sharp declines in several major plays, Evercore ISI said Tuesday.
Permitting to develop oil formations in the Lower 48 recovered slightly in August month/month, and natural gas permitting remained healthy even with commodity price volatility, according to a compilation of state and federal data by Evercore ISI.
A sharp ramp in permit requests for Colorado’s Denver-Julesburg (DJ) Basin/Niobrara formation helped push the June count up to the highest level in three months, but requests for permits in the natural gas-rich Marcellus, Utica and Haynesville shales declined, according to a compilation by Evercore ISI.
Capital discipline by Lower 48 operators and market volatility appeared to temper oil and gas permitting during April, particularly in Colorado and the Permian Basin, according to a review by Evercore ISI.