ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 12.Feb.2025) — The Organization of the Petroleum Exporting Countries (OPEC) is forecasting US tight crude production in the Permian Basin to grow by 0.2 million barrels per day (MMb/d) in 2025 compared to an average 5.5 MMb/d in 2024. In 2026, production in […]
Tag: Eagle Ford
TotalEnergies Says Gas Market to Remain in Tension in 2025
HOUSTON, TEXAS (Energy Analytics Institute, 5.Feb.2025) — TotalEnergies expects the gas market to remain tense in 2025 owing to “very limited expected capacity additions related to delays of some projects.” TotalEnergies expects its liquefied natural gas (LNG) sales to exceed 40 million tonnes (Mt) in 2025, up slightly compared to […]
New Fortress Updates on Financing for $2.7bn
(Energy Analytics Institute, 26.Nov.2024) — New Fortress Energy Inc. completed the first of two steps of its $2.7bn issuance of new senior secured notes due Nov. 2029. The first step completed was the funding of $1.2bn new senior secured notes, New Fortress said 26 Nov. 2024 in an official statement. The […]
New Fortress Sends Off First Full Cargo from Altamira
(Energy Analytics Institute, 30.Sep.2024) — New Fortress Energy Inc. announced that its Fast LNG (FLNG) asset located offshore Altamira, Mexico has achieved First Full Cargo & Sail Away. The first full LNG cargo fully loaded onto the Energos Princess and setting sail for Europe, New Fortress said 30 Sep. 2024 […]
Marathon Oil Reports 1Q:24 Results
(Marathon, 1.May.2024) — Marathon Oil Corporation (NYSE: MRO) reported first quarter 2024 net income of $297mn or $0.52 per diluted share, which includes the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect comparability of results. Adjusted net income was $317mn or $0.55 per diluted share. Net operating cash flow was $757mn or $861mn before changes […]
Marathon Oil Completes Eagle Ford Acquisition
(Marathon, 27.Dec.2022) — Marathon Oil Corporation (NYSE: MRO) today announced the completion of its acquisition of the Eagle Ford assets of Ensign Natural Resources for a total cash consideration of $3bn after taking into account closing adjustments. The acquisition was previously announced on 2 November 2022. “We are pleased to announce the close of […]
Will Argentina’s Oil Industry Survive This Crisis?
(Oilprice.com, 6.Jul.2020) — Throughout the 2010s Argentina’s shale deposits were universally listed alongside the US shale gale, denoting the many similarities Vaca Muerta shares with Eagle Ford in particular and Texas’ shale deposits in general. Providing another layer to the juxtaposition, Argentina’s shale-rich Neuquen Province has historically been the main […]
Chesapeake Energy Files For Chapter 11
(WoodMac, 28.Jun.2020) — Speaking after Chesapeake Energy filed for Chapter 11 bankruptcy protection today, Alex Beeker, principal analyst on Wood Mackenzie’s corporate upstream team, said: “It’s difficult to point to another company that made more of a widespread impact on the US shale sector than Chesapeake. “The tech sector dubs […]
Next Hot Spot for Shale Drilling? Argentina
(CNN Money, 28.Jul.2016) – Argentina has exceptional hydrocarbon reserves, but politics has greatly affected its development. The economy in Argentina is best described as a “pendulum”, going from loose economic policies in the ’80s to Washington-consensus liberalisation in the ’90s and back again under the Kirchner regime. Since the current […]