Recent News
EQT Reports 2Q21 Production of 4.6 Bcfe/d, Alta Resources Bolsters Volumes for 2H21 7/29/2021
EQT reported 2Q21 production of 4,626 Mmcfe/d, which was inline with guidance but does not account for the purchase of 1 Bcfe/d in volumes from Alta Resources. EQT closed on the deal in mid-July, which would have equated to 5.4 Bcfe/d in 1Q21 production.
Looking forward, EQT's pro-forma volumes will decline to 5.27 Bcf/ed in 3Q21 before moving back higher to 5.6 Bcfe/d in 4Q21.
Exelon Files Decommissioning Plans for Byron & Dresden Nukes, May Retire Braidwood and LaSalle in Coming Years 7/28/2021
Exelon has officially filed its Post Shutdown Decommissioning Activity Reports (PSDARs) with the NRC today detailing the shutdown plans for the Byron and Dresden Nuclear Plants that will go offline this Fall. Byron will be the first to be taken down in September, followed by Dresden in November.
For reference, the two nukes contributed an average of nearly 3 million mWh to the PJM grid over the last 12-months.
Looking ahead, Exelon also commented that "absent a legislative solution, these same market inequities will force the company to close its Braidwood and LaSalle nuclear facilities sometime in the next few years." Similar to the Dresden/Byron combo, the La Salle and Braidwood Nukes contributed a combined monthly average of >3.2 million mWh of power to Illinois between June 2020 and May 2021.
Exelon's Four Nukes Account for >40% of IL Power
Nuclear power generation in the state of Illinois accounted for >56% of the entire power stack in May 2021, with Byron/Dresden being 19% of the mix and La Salle/Braidwood 23%. Losing all four plants significantly changes the power stack within the state, and Exelon cited that "the massive loss of in-state clean generation means Illinois will have to rely more on fossil energy."
- 7/28/2021 - Exxon & Hess Announce Another Guyana Discovery via Whiptail-1 Well
- 7/28/2021 - Enterprise Expecting Gillis Natural Gas Pipeline Online in 4Q21
- 7/27/2021 - Pioneer Natural Resources Warns of 2Q21 Derivative Losses of $832MM
- 7/26/2021 - NextEra Energy Resources Reports 2Q21 Renewables Development Backlog of >16 GW
- 7/26/2021 - Exxon & SABIC Complete 1.9 Mtpa Gulf Coast Chemicals Joint Venture in Corpus Christi
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Upstream
7/29/2021 - EQT's 2Q21 Operating Cash Flows Drop Due to "Increased Collateral and Margin Deposits"
7/26/2021 - Talos Energy Estimates 2Q21 Production at 66 Mboed; Ahead of Guidance
7/22/2021 - Hess Issues Updates on 2021 Emissions Reductions, Sets New Targets for 2025
6/29/2021 - Tellurian Growing Production in 2021 to a Year-End Average of 80 Mmcf/d
6/28/2021 - SBM Offshore Closes on $1.05B in Project Financing for FPSO Prosperity
6/17/2021 - Terra Nova Co-Owners Reach Agreement to Restructure Project, Provide Short-Term Funding for Development
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Midstream
7/22/2021 - Canada Energy Regulator Approves Route Change on Trans Mountain Expansion Project
7/13/2021 - Inter Pipeline & Pembina Receive Favorable Ruling from Alberta Securities Commission
7/6/2021 - Plains All American Abandons Plans for Byhalia Connection Pipeline
6/21/2021 - EIG-Consortium Closes on $12.4B Deal with Saudi Aramco for Oil Pipelines Unit
6/8/2021 - Third Coast Midstream Divests Stake in Lighthouse Super Holdings
6/8/2021 - PHMSA Releases Advisory Bulletin to Pipeline Industry Focused on Reducing Methane Leaks & PIPES Act
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LNG
7/23/2021 - Quebec Regulators Reject Environmental Permit on Proposed Saguenay LNG Export Terminal
7/19/2021 - Nisga'a Nation Partners with Rockies LNG Partners & Western LNG for 14 Mtpa Canadian LNG Export Proposal
7/12/2021 - Korea Gas Signs 20-year, 2 Mtpa LNG Purchase Agreement with Qatar
6/8/2021 - Cryopeak LNG Completes 27K Gal/Day Mini-LNG Plant in Fort Nelson, BC, Canada
6/7/2021 - IGU 2021 World LNG Report: Global Liquefaction Capacity Reached 452.9 Mtpa in 2020
6/3/2021 - Novatek Signs HoA Gas Supply Deal with China's Zhejiang Energy & Glencore for Up to 1.5 Mtpa
6/2/2021 - Sempra Working on Second LNG Export Project in Mexico: 3-4 Mtpa Vista Pacifico LNG Project
Current Research
Power
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Daily EIA Power Stack Report - 7/29/2021
Natural Gas
- LNG Export Report - 7/29/2021
- Southeast Pipeline Flow Analysis - 7/29/2021
- Northeast Pipeline Flow Analysis - 7/29/2021
- Midwest Pipeline Flow Analysis - 7/29/2021
- South Central Pipeline Flow Analysis - 7/29/2021
- West & Rockies Pipeline Flow Analysis - 7/29/2021
- European Daily LNG Import Storage Report - 7/29/2021
- European Daily Gas Storage Report - 7/29/2021
- Fundamental Natural Gas Report - 7/29/2021
- Early Look Natural Gas Updates - 7/29/2021
- Weekly Midstream Project Updates - 7/28/2021
- Natural Gas Highlights - 7/28/2021
- Daily Energy News (free) - 7/28/2021
- Criterion Research Industry Alerts - 7/27/2021
- Natural Gas Storage Update - 7/27/2021
- LNG Biweekly Highlights - 7/21/2021
Crude Oil
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Crude Oil Highlights - 7/28/2021
Criterion's News Feed
- Antero's Firm Transport Portfolio Allowed Them to Realize a +$0.18/Mcf Premium to Nymex During 2Q21 - 7/29/2021
- Antero Reports 2Q21 Net Loss of $523MM, Includes $757MM Loss on Commodity Derivative Fair Value - 7/29/2021
- Antero Reports 2Q21 Free Cash Flows of $105MM; Now Expecting >$750MM in 2021 FCF At Current Strip Pricing - 7/29/2021
- Antero Reports 2Q21 Net Production of 3.3 Bcfe/d, Including 173 Mbbl/d in Liquids` - 7/29/2021
- EQT Reports Updated Hedging Positions as of July 23, 2021 - 7/29/2021
- EQT Running 1 Rig/1 Frac Crew on Acquired Alta Resources Assets in 2021 - 7/29/2021
- EQT Forecasting $7B in Cumulative Free Cash Flows Through 2026 - 7/29/2021
- EQT's 2Q21 Operating Cash Flows Drop Due to "Increased Collateral and Margin Deposits" - 7/29/2021
- EQT Reports 2Q21 Production of 4.6 Bcfe/d, Alta Resources Bolsters Volumes for 2H21 - 7/29/2021
- EQT Reports 2Q21 Net Losses of $0.9B, Lowered Amid $1.8B Derivatives Losses - 7/29/2021
- Exelon Files Decommissioning Plans for Byron & Dresden Nukes, May Retire Braidwood and LaSalle in Coming Years - 7/28/2021
- Hess Expecting 3Q21 Volumes to Drop to 265 Mboe/d, Bakken Sliding to 145 Mboe/d - 7/28/2021
- Hess Books $147MM in 2Q21 Abandonment Obligations Tied to Fieldwood Energy Bankruptcy - 7/28/2021
- Hess Midstream Acquiring $750MM Class B Units from Hess & GIP - 7/28/2021
- Hess Reports 2Q21 Guyana Production of 26 Mboe/d (Net to Hess) - 7/28/2021