EnerCom’s Natural Gas Roundup

EnerCom Inc.
Aug 24, 2017 · 4 min read

August 24, 2017
NATURAL GAS INVENTORY (Week Ended 8/18/2017)


Current: 3,125 Bcf
Actual Injection/(Withdrawal), per EIA: 43 Bcf
Economist Average Estimate, per Bloomberg: 46 Bcf
Previous: 3,082 Bcf


NATURAL GAS IN THE MEDIA:

Halliburton Joins with Microsoft to Bring Big Data to the Oilfield

Cloud computing, internet of things will be major contributors to success in oil and gas Halliburton (ticker: HAL) and Microsoft (ticker: MSFT) announced a strategic partnership yesterday, combining a digital empire and a services giant. The partnership will strive to bring big data to the oilfield. According to the press release issued jointly by Halliburton and Microsoft, “researchers and engineers[Read More…]

Oilfield Tech and Innovation: Core Laboratories Enhancing Production

Unconventional EOR a major new frontier for the industry with a possible 50%+ recovery improvement The fourth day of EnerCom’s Oil & Gas Conference® saw the debut of the Oilfield Tech and Innovation Day, when companies with innovative ideas for oil and gas operations presented their technology. Core Laboratories (ticker: CLB) Reservoir Description VP Larry Bruno outlined the company’s current[Read More…]

BHP Looks to Sell its U.S. Shale Assets: We are Prepared to be Patient

Sale signals success for Paul Singer’s activist efforts BHP Billiton (ticker: BHP) announced its intent to exit its onshore U.S. oil and gas operations, after a long campaign by activist investor Paul Singer. BHP reported fiscal year-end results today, showing attributable profit of nearly $5.9 billion, or $1.107 per share. In the conference call, BHP CEO Andrew Mackenzie announced that[Read More…]

Sanchez Sells Dry Gas Portion of Eagle Ford Acreage for $105 Million

No current plans to develop sold properties Sanchez Energy (ticker: SN) announced the sale of a portion of its Eagle Ford assets last week in a $105 million all-cash deal. Sanchez is divesting the Javelina portion of its acreage, totaling about 70,000 acres. Unlike most of the company’s acreage, Javelina is entirely in the dry gas portion of the Eagle[Read More…]

Mexico Looks to Replicate U.S. Shale Success

Private companies may investigate Mexican portion of the Eagle Ford Mexico is beginning to recognize the benefits of private investment, and is opening its Burgos basin to development by private companies. This is notable as the Burgos basin has been the domain of state-owned PEMEX since 1938. The Burgos Basin is located directly south of Texas with mostly natural gas[Read More…]

Total Buys Maersk Oil in $7.45 Billion Deal

Synergies to generate $400 million/year in savings Total S.A. (ticker: TOT) announced the acquisition of Maersk Oil, a subsidiary of the Maersk Group, today in a deal valued at $7.45 billion. The transaction will make Total the second largest operator in the northwest Europe offshore region, with over 500 MBOEPD of production in the area. Adds 160 MBOEPD of production[Read More…]

Silver Run, Alta Mesa and Kingfisher Midstream Announce Merger

Estimated combined value of $3.8 billion Silver Run Acquisition Corporation II (ticker: SRUN) announced its merger with Alta Mesa Holdings and Kingfisher Midstream last week, forming Alta Mesa Resources. Silver Run is a special purpose acquisition company (SPAC) that rose just over $1 billion in its IPO in March. Led by James Hackett, the former chief executive of Anadarko Petroleum[Read More…]

Rig Count Falls by Three as Operations Stabilize

Offshore activity down by one-third since July Drilling activity decreased last week as operators approach equilibrium in the current oil price market, according to Baker Hughes’ Weekly Rig Count. The total number of rigs active in the U.S. fell by three last week, bringing the total number of rigs in the country to 946. One land-based rig shut down, and[Read More…]

Shell to Mull Buying Israeli, Cyprus Gas for Egypt Plant

From Bloomberg Royal Dutch Shell Plc is seeking creative solutions to bring gas from Israel and Cyprus to market, a step that could help turn the Mediterranean region into a major gas-producing hub. Shell is in talks to buy natural gas from Israel’s Leviathan field, combine it with output from Cyprus’s Aphrodite field, in which it owns a 35 percent[Read More…]

American LNG Is Taking the Scenic Route to Chile

From Bloomberg When the tanker Provalys left Louisiana for Chile last month with a full load of U.S. liquefied natural gas, it sailed around South America instead of taking a shortcut through the expanded Panama Canal. Not only may the route be cheaper without canal transit fees, but advances in technology mean less of the fuel would end up lost[Read More…]

Whatever Happened to Indonesia’s Mighty Oil and Gas Industry?

From Bloomberg Once a cornerstone of the economy, Indonesia’s oil and gas sector is in a slump, even as the country’s appetite for energy soars. Hit by a drop in global prices, changing regulations and competition from neighbors that are proving more attractive to international energy companies, Southeast Asia’s biggest economy is facing a decline in oil revenue and steadily rising[Read More…]

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