newszine

Big oil’s big bet on natural gas creates a big headache

2 weeks ago DieselGasoil Comments Off on Big oil’s big bet on natural gas creates a big headache
8/5/2019 HOUSTON (Bloomberg) – The world’s biggest oil companies have been steadily shifting investments toward natural gas, driven by an emerging globally traded market and environmental concerns. But right now they’re taking a hit as prices tank. Supermajor energy producers — Exxon Mobil Corp., Royal Dutch Shell, Chevron, Total and BP — saw a steep Read More

Appalachian rig count hits 12-month low on pressure from prices, investors

3 weeks ago DieselGasoil Comments Off on Appalachian rig count hits 12-month low on pressure from prices, investors
Highlights Marcellus and Utica combined rig count falls to 67 Dominion South hub averages $2.02/MMBtu in July Major oil plays see minor drilling changes on week — Drilling activity in Appalachia retreated to nearly a 12-month low this week as the region’s dry gas producers came under increasing pressure from low prices and wary investors. Read More

National Fuel Reports Third Quarter Earnings and Provides Preliminary Guidance for Fiscal 2020

3 weeks ago DieselGasoil Comments Off on National Fuel Reports Third Quarter Earnings and Provides Preliminary Guidance for Fiscal 2020
WILLIAMSVILLE, N.Y., Aug. 01, 2019 (GLOBE NEWSWIRE) — National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE:NFG) today announced consolidated results for the third quarter of its 2019 fiscal year and for the nine months ended June 30, 2019. FISCAL 2019 THIRD QUARTER SUMMARY GAAP earnings of $63.8 million, or $0.73 per share, compared Read More

Range Announces Second Quarter 2019 Results

4 weeks ago DieselGasoil Comments Off on Range Announces Second Quarter 2019 Results
FORT WORTH, Texas, July 25, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its second quarter 2019 financial results. Highlights – In July, sold 2% overriding royalty in southwest Pennsylvania leases for gross proceeds of $600 million Sold non-producing acreage in Pennsylvania for gross proceeds of $34 million Cash unit costs of Read More

McKinsey report sees US gas reach below $3/MMbtu in the next ten years

4 weeks ago DieselGasoil Comments Off on McKinsey report sees US gas reach below $3/MMbtu in the next ten years
7/23/2019 HOUSTON – McKinsey Energy Insights launched its 2019 North American Gas Outlook, highlighting various changes in gas demand and supply through 2030. The report reveals US gas economics will reach below $3/MMbtu in the next ten years due to ample supply, which will support North American gas exports and unlock further demand growth domestically. Read More

Range announces Appalachian asset sales of $634 million

1 month ago DieselGasoil Comments Off on Range announces Appalachian asset sales of $634 million
7/19/2019 FORT WORTH – Range Resources has agreed to sell a 2% proportionately reduced overriding royalty interest in 350,000 net surface acres in southwest Appalachia for gross proceeds totaling $600 million. The two separate transactions are effective as of March 1, 2019 and apply to existing and future Marcellus, Utica and Upper Devonian development on Read More

Range Announces Asset Sales That Will Total $634 Million

1 month ago DieselGasoil Comments Off on Range Announces Asset Sales That Will Total $634 Million
FORT WORTH, Texas, July 19, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC)today announced that it has agreed to sell a 2% proportionately reduced overriding royalty interest in 350,000 net surface acres in southwest Appalachia for gross proceeds totaling $600 million. The two separate transactions are effective as of March 1, 2019 and apply Read More