As Rigs Fall Again, Production Decline Anticipated

With only a net of three U.S. drilling rigs leaving play in the latest Baker Hughes Inc. count, could it be that the months-long activity decline is closing in on its bottom? Perhaps, but the count has fallen far enough now to make for shale patch output declines in the second half of the year, analysts said. Read More

IGU: 2015 Global LNG Demand Highest Ever But Prices Down Everywhere

Global trade in liquefied natural gas (LNG) last year reached 244.8 million tonnes (mt), an increase of 4.7 mt from 2014 and eclipsing the previous record of 241.5 mt set in 2011. However, all LNG price markers fell, from an average of $15.60/MMBtu in 2014 to $9.77MMBtu in 2015. And in the low-price environment, the bloom is off the Henry Hub rose. Read More

U.S. Rig Count: It's Been A Long Way Down

The average count of U.S. active drilling rigs in March was 478, down a whopping 632 units from the 1,110 rigs that were running in March 2015, according to Baker Hughes Inc. And the count trekked lower still in the latest census, released on Friday. Read More

FERC OKs Transco's Garden State Expansion

FERC on Thursday issued a certificate for Transcontinental Gas Pipe Line Co. LLC's (Transco) Garden State Expansion would provide 180,000 Dth/d of incremental firm capacity through the addition of facilities in Burlington and Mercer counties, NJ. Read More