EnerCom’s Natural Gas Roundup

EnerCom Inc.
Jul 20, 2017 · 4 min read

July 20, 2017


NATURAL GAS INVENTORY (Week Ended 7/14/2017)

Current: 2,973 Bcf
Actual Injection/(Withdrawal), per EIA: 28 Bcf
Economist Average Estimate, per Bloomberg: 34 Bcf
Previous: 2,945 Bcf


NATURAL GAS IN THE MEDIA:

ExxonMobil Abandons Discussions to Develop Expensive Indonesian Gas Field

46 Tcf of proven reserves in East Natuna, but $10-$15 natgas required to make it economic ExxonMobil (ticker: XOM) has pulled out of developing the Indonesian East Natuna gas field, after more than 20 years of consideration. First discovered in 1973, the East Natuna gas field is located in the South China Sea near Indonesia and Malaysia. Estimates have put[Read More…]

U.S. Coal Finds Market in Europe, Gas Too

U.S. responsible for 40% of the world’s new gas production by 2022: IEA A report by the EIA indicated that coal exports — for both steam coal, used for power generation, and metallurgical coal, used for refining steel — have increased by 58% from Q1 of 2016 to Q1 of 2017. The majority of the increase was in steam coal, which grew by 6[Read More…]

Effective Rig Count Breaks 2,000 for First Time in June

Permian EERC pushes to 1,135 EnerCom released its monthly EnerCom Effective Rig Count today. The Effective Rig Count now reports an equivalent 2,015 rigs active in the U.S., up from 1954 last month. The Effective Rig Count adjusts reported rig counts for increasing efficiency in drilling and completions. There are significantly fewer rigs active in the U.S. today than in[Read More…]

BAM: It’s Earnings Season (Again)-Q2’17 Estimates

Seems like just yesterday it was year-end and Q1 reporting season. But time flies in the public company world. EnerCom, Inc. has compiled second quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 110 E&P and 81 OilService companies in our database. Download EnerCom’s full chart of estimates. The median OilServices company earnings estimate[Read More…]

North Dakota Gas Production, Producing Wells Break Records set Last Month

1,854 MMcf/d produced in May The North Dakota Industrial Commission released its latest Oil and Gas Production Report today, outlining hydrocarbon activity in the state for May 2017. 13,876 wells producing The NDIC reported that oil production fell in May, averaging 1,040 MBOPD. This is down slightly from the 1,050 MBOPD produced in North Dakota in April. 95% of all[Read More…]

CONSOL Energy Breaking into Separate Coal and Nat. Gas Companies

CONSOL Energy (ticker: CNX), a Pittsburgh based coal mining and natural gas exploration company plans to split the corporation into two separate companies, one focusing on natural gas exploration and production, the other focusing on coal mining. The company’s Pennsylvania Mining Complex, which is comprised of the Bailey, Enlow Fork, and Harvey mines as well as a coal preparation plant,[Read More…]

U.S. Rig Count Unchanged, Canada adds 16

Permian grows to 373 rigs The U.S. rig count was unchanged this week, seemingly signaling a response to lowering oil prices, according to Baker Hughes’ Weekly Rig Count. The total number of rigs active in the U.S. is still 952, the same as last week. However, one land rig came online and one inland waters rig shut down, giving a[Read More…]

Onshore Mexico Bid Round 2.3 Will Yield $2 Billion in Investment

Mexico’s continuing oil and gas reform: 21 of 24 onshore oil and gas blocks auctioned off in Round 2.3 The winners of the Mexican Energy Reform Onshore Bid Round 2.3 were announced today. Of the 24 blocks available through the most recent auction, 21 were sold to investors from North America and Asia, which Mexico’s oil and gas regulator CNH[Read More…]

PetroQuest Reports Its Largest Cotton Valley Well Yet

First multi-well pad yields average of 2,120 BOEPD per well PetroQuest Energy (ticker: PQ) has announced the results of its first multi-well pad in the Cotton Valley, showing encouraging results. The three wells drilled in this pad had a combined 24 hour IP of 38,167 Mcfe/d, split between 27,697 Mcf of gas, 1m678 bbl of NGLs and 67 bbl of[Read More…]


)
EnerCom Inc.

Written by

Follow for Unique Oil & Gas Trends, News, Media, Interviews, Analysis, and Events Tweets. Named One of the Nation’s Top Management Consulting Firms by Forbes.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade