Category: Natural gas

Enterprise Products profit slips slightly

Enterprise Products Partners L.P. said fourth-quarter net income fell slightly in 2014 compared to the same period last year.  More »

Kinder Morgan charts course for growth, despite headwinds

Energy giant Kinder Morgan said it would reach its goals by expanding its myriad businesses and continuing to bet on natural gas, which it expects to continue to drive demand for pipelines and other transportation services.  More »

House votes to speed up LNG exports

The House-passed bill would give the Energy Department a 30-day deadline to decide whether to grant licenses to broadly export liquefied natural gas, even as the Senate rejected a more aggressive proposal.  More »

Enterprise Products seeks cause of West Virginia pipeline explosion

Monday’s explosion sent flames shooting several hundred feet into the air.  More »

Sasol delays decision on $14 billion U.S. plant on oil drop

The facility was to be located next to an $8 billion ethane cracker in Lake Charles, Louisiana.  More »

Carrizo Oil & Gas to cut spending 35 percent, but produce more

S.P. Johnson, Carrizo’s President and CEO, said that the increase was made possible in part by a decline in service costs and more productive wells.  More »

Energy Transfer Partners to buy sister company in $11.2 billion deal

The purchase would bring together two companies both controlled by parent company Energy Transfer Equity, L.P. in a cash-and-stock deal.  More »

U.K. lawmakers urge fracking moratorium

Hydraulic fracturing in shale for oil and gas should be put on hold in the U.K. because of risks to public health and the environment, a panel of lawmakers said.  More »

Commentary: Should we allow further drilling on public land?

When done properly, extraction of natural resources from federal land has helped develop the economy while at the same time providing valuable income to defray the costs of running the federal government. Leases are certainly not new and, according to the Bureau of Land Management (BLM), there are currently over 46,000 active leases on federal […]  More »

Energy CEO: No need to spend capital until service costs come down

The CEO of U.S. oil explorer Magnum Hunter Resources Corp. told investors Friday the company won’t spend any more money on drilling or hydraulic fracturing until oil-field service costs come down.  More »

Oil slips as U.S. crude stockpiles surge most in 14 years

Inventories rose 10.1 million barrels in the week ended Jan. 16, the biggest gain since March 2001, according to the Energy Information Administration.  More »

What to watch for in the State of the Union

As President Barack Obama delivers his penultimate State of the Union address Tuesday night, will he be the president who took aim at the oil industry’s tax breaks in 2009 or the one who celebrated natural gas just three years later?  More »

Natural gas draws larger than expected

The larger withdraw could lend at least some good news to a natural gas market struggling with a winter season opened with warm temperatures and huge natural gas production.  More »

Crude prices rise but bear market may not be over

WTI for February delivery rose $2.59 to settle at $48.48 a barrel on the New York Mercantile Exchange.  More »

Diamondback Energy to delay drilling, push for cuts to service costs in 2015

Diamondback said that it expects the cost of a horizontal well with a 7,500-foot lateral segment to fall to between $6.2 million and $6.7 million.  More »
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