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LNG Sale to Korea
“World Oil” reports that while Cheniere Energy has already shipped eight cargoes of LNG (Liquefied Natural Gas) from its Sabine Pass, Louisiana, facility to South Korea, the arrival of the SM Eagle in country early this month will be something special. Previous shipments have been spot sales, but the SM Eagle will be the first… Read More
From Dependence to Dominance?
According to a recent article in “World Oil”, we can expect a flurry of public relations activity this week as the White House focuses on energy issues. For decades, the goal has been ‘energy independence’ or ‘energy self-sufficiency’ as we have tried to wean ourselves from foreign oil. However, the Trump administration will not be… Read More
Lonestar’s Eagle Ford Discovery
Previously, Lonestar Resources announced that its B #1 H wildcat well had drilled to a total distance of 19,800 feet (approximately 11,000 feet vertical depth) with an initial production test rate of 1,475 barrels of oil equivalent per day (boepd). Last week Lonestar, the operator with a 50% interest, announced that the well had been… Read More
Marcellus Merger
Writing in “Oil Voice”, Julia Weiss with Norwegian consulting firm, Rystad Energy, reports on the structure of the recent combination of EQT Corporation and Rice Energy, and her firm’s evaluation of the transaction. As part of the $8.2 billion deal, EQT will provide Rice shareholders with $5.4 billion of EQT stock, $1.3 billion in cash… Read More
Cuts Not Enough
Writing in “Rigzone”, author Delia Morris contends that the extension of OPEC cuts of 1.8 million barrels of oil per day (bopd) is not deep enough to reduce the global glut and raise prices this year or next. Morris also cites weak demand, and consequently high inventories, of gasoline in the U. S. as a… Read More
