Production

Producers Countering Flat Cash Flow With More Debt, Asset Sales

Large domestic oil and natural gas companies are incurring more debt and selling off assets as cash flow falters, the U.S. Energy Information Administration said... Read More

BP Profits Climb, But Russia Poses Risks

BP plc on Tuesday reported a 65% increase year/year in profits in 2Q2014 on clear signs of recovery in the Gulf of Mexico (GOM). However, Group CEO Bob Dudley warned that Russian investments are growing more risky on escalating economic sanctions. Read More

Texas Oil/Gas Boom Nearing Five-Year Mark; 'Petro Index' Sets New Record

The upstream oil and gas economy in Texas has been expanding for the past four and a half years and shows no signs of slowing thanks in part -- but not entirely -- to global geopolitical tensions, according to a barometer of industry activity called the Texas Petro Index (TPI). Read More

LNG Exports Seen Lifting Appalachian Fortunes

Liquefied Natural Gas (LNG) exports are expected to help close the spread between Henry Hub and Appalachian prices in the coming years, according to a report from Canaccord Genuity. Read More

U.S. Basin Reinvention, Capex Levels Pique Analysts’ Interest in 2Q Reports

North American natural gas and oil operators should offer more insight into capital spending through the rest of the year, as well as a few surprises, as 2Q2014 reports are unveiled, analysts said this week. Read More

EIA Sees NatGas Volumes Rising Through August on Drilling Efficiencies

U.S. onshore natural gas production, particularly in the Marcellus Shale, is expected to strengthen through August as drilling productivity rises, according to the latest Drilling Productivity Report issued by the Energy Information Administration (EIA). Read More

New GOM Start-Ups Adding to Surge in Onshore Tight Oil Supply, Says Barclays

Investors are banking on increasing U.S. onshore condensate supplies as an impetus to push for exports, but by 2015, startups in the Gulf of Mexico (GOM) may back out even more waterborne crude imports than incremental tight oil supplies, Barclays Capital analysts said Friday. Read More

Chevron Forecasting Higher U.S. Output for Second Quarter

Chevron Corp. sold more than $500 million of its global assets between April and May, which should lift second quarter profits but do little to increase global production, the oil major said Thursday. Read More

Canadian Estimated Gas Reserves Astronomical

Canadian natural gas supplies will still last a century if all proposals for new tanker shipments to Asia succeed, the National Energy Board has been assured... Read More

Interior IG: 'Very Long' Review of Drilling Applications at BLM

Overall processing times at the Bureau of Land Management (BLM) for drilling applications on onshore federal and Indian lands have improved, but review times remain very long, largely due to government inefficiencies. However, oil and gas operators share some of the blame, according to the Inspector General's (IG) Office at the U.S. Department of Interior. Read More