Natural Gas Now Best Picks of the Week – November 14, 2020

Tom ShepstoneShepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. Warren Buffet Funds Fractivists: It’s All About His Money This is nothing new as we explained here, here and here, but

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Antero Resources reports 3Q net loss of $536M

Antero Resources reported a net loss of $536 million or $1.99 per diluted share in the third quarter 202, Kallanish Energy reports. That compares to a net loss of $879 million or $2.86 per share in the 3Q 2019. The loss was driven by a $749 million unrealized commodity hedge fair value loss as a

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ConocoPhillips reports 3Q net loss of $450M

ConocoPhillips has reported a third quarter 2020 net loss of $450 million or 42 cents per share, Kallanish Energy reports. That compares to 3Q 2019 net earnings of $3.1 billion or $2.74 per share. Third quarter 2020 adjusted earnings were a loss of $300 million or 31 cents a share, compared with 3Q 2019 adjusted

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Antero says production grew by 9% in 2Q

Antero Resources has reported a GAAP net loss of $463 million or $1.73 per share in the second quarter 2020, Kallanish Energy reports. That compares to a net income of $42 million or 14 cents per share in 2Q 2019. The company has not curtailed any prediction due to the coronavirus pandemic and resulting low

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US crude inventories jump in new EIA survey

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) for the week ended Feb. 7, increased by 7.46 million barrels (Mmbbl) from the previous week, the Energy Information Administration reported Wednesday. At 442.47 Mmbbl, U.S. crude oil inventories are roughly 2% below the five-year average for early February, Kallanish Energy reports. U.S.

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US natgas production to rise in 2019, 2020: STEO

The Henry Hub natural gas spot price averaged $2.56 per million British thermal units (MMBtu) in September, up 34 cents/MMBtu from August, the first monthly price increase since March, the Energy Information Administration reports in the just-released Short-Term Energy Outlook (STEO). EIA/STEO forecasts Henry Hub prices to average $2.43/MMBtu in the fourth quarter of 2019,

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Oil rises on Saudi supply concerns

Crude oil rose slightly Monday, after gaining nearly 7% last week, as lingering concerns over global supplies following the Sept. 14 attack on Saudi oil facilities offset prospects for a faster-than-expected restoration of the kingdom’s output and on signs of European economic weakness. Global benchmark Brent futures were up 40 cents to $64.68 a barrel,

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US crude oil inventories drop more than expected

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.91 million barrels (Mmbbl) during the week ended Sept. 6, from the previous week, the Energy Information Administration reported. The American Petroleum Institute had U.S. crude inventories down 7.2 Mmbbl in the week ended Sept. 6, to 421.9 Mmbbl, compared with analysts’

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US Shale Industry Credited with Driving 10% of US GDP Growth

The shale industry alone drove 10 percent of the growth in the U.S. economy’s gross domestic product from 2010 to 2015, according to a new study by the Federal Reserve Bank of Dallas showing how oil and natural gas deliver wins for the larger economy. During the same years, crude oil production jumped from 5.5

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American Oil and Gas Dominate the Global Energy Picture!

Tom ShepstoneNatural Gas NOW … …  American oil and gas completely dominated the global energy market in 2018. We’re the king of the hill in oil and in gas with tremendous growth in 2018. Another great article from the  Energy Information Administration (EIA) provides ever more proof green energy scammers have been lying to us.

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West Virginia Sets New Oil and Natural Gas Production Record (Again)

West Virginia continues to add to the prolific Appalachian Basin’s status as one of the world’s top-producing natural gas regions. [embedded content] For the 10th year in a row, West Virginia set a new oil and natural gas production record, according to the state Department of Environmental Protection. Between 2017 and 2018, natural gas production

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EIA: U.S. Meeting Nearly All of Its Natural Gas Demand

The United States is increasingly meeting its own energy needs thanks to American natural gas, new federal data show. Ninety percent of the natural gas used in the United States last year was produced here, according to the Energy Information Administration. For the first time since 1966, the nation experienced back-to-back years where dry natural

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Shale Development is Driving America’s Oil and Natural Gas Dominance

Horizontally drilled wells now account for 96 percent of U.S. oil production from shale formations, as well as about 97 percent of shale gas production – up from 15 percent and 14 percent, respectively, in 2004 – according to a report from the U.S. Energy Information Administration. Horizontal drilling, used in conjunction with hydraulic fracturing

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Venezuela’s crude production lowest in 16 years

In April 2019, Venezuela’s crude oil production averaged 830,000 barrels per day, down from 1.2 million barrels per day (Mmbpd) at the beginning of the year, according to the Energy Information Administration. Last month’s average is the lowest level since January 2003, when a nationwide strike and civil unrest largely brought the operations of Venezuela’s

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