Recent News
Plains All American Expecting 650-700 Mbbl/d in Exit-to-Exit Growth from Permian in 2022; Seeing Momentum for 2023 8/7/2022
Plains All American reported in its 2Q22 earnings that they expected Permian Basin crude oil production to rise 650-700 Mbbl/d between YE21 and YE22. Currently, they are forecasting 2022 Permian output of 5.3 MMbbl/d, and PAA quoted third party estimates for exit-to-exit growth between 500-1,000 Mbbl/d. They did add that "activity is currently trending 10% above expectations," which will have minimal impact this year, but add momentum for 2023.
Lastly, PAA is planning for "additional ramps in activity to continue, but expect the pace to be moderated by supply chain, manpower & equipment limitations.” Long term, PAA is guiding for the Permian Basin to reach >7 MMbbl/d in 2025.
DT Midstream Makes Positive FID on LEAP Phase 2 Expansion to Grow System by 0.4 Bcf/d 8/3/2022
DT Midstream has made a positive final investment decision on the 0.4 Bcf/d LEAP Phase 2 capacity expansion, which will lift the capacity of the asset to 1.7 Bcfe/d by early 2024. This tacks on the already approved Phase 1 expansion that is adding 0.3 Bcfe/d in capacity and commercial discussions are underway for a Phase 3 expansion.
- 8/3/2022 - Chesapeake Energy Focusing on Core Appalachian & Haynesville Assets; Reclassifies Eagle Ford to Non-Core
- 8/2/2022 - Senator Joe Manchin Reportedly Secures Commitments from White House & Congressional Leaders to Complete MVP Project
- 8/1/2022 - Australia Diverting Gas from Gladstone LNG Assets to Meet Domestic Needs
- 7/27/2022 - Howard Energy Partners & Eagle Ford Midstream Expanding South Texas Gas Transport System to 2 Bcf/d
- 7/27/2022 - NextDecade Signs 1.0 Mtpa LNG SPA with ExxonMobil - Served by First Two Trains of Rio Grande LNG
-
Upstream
7/26/2022 - Range Resources 2022 Hedging Program has a $3.72 Ceiling - 2023 Hedges lift to $3.93
7/21/2022 - ConocoPhillips Exploring Sale of Select Gulf of Mexico Assets
6/22/2022 - Tug Hill-Quantum Energy Considers Sale of THQ Appalachia I - Could Fetch $5B
5/31/2022 - Cenovus Energy Restarts ~80 Mbbls/d West White Rose Project; First Oil in 1Q26
5/17/2022 - Battalion to Develop Acid Gas and Carbon Sequestration Facility in Winkler Co., Texas
5/11/2022 - Oxy Reports 1Q22 U.S. Production of 896 Mboe/d; Permian Expected to Grow in 2Q22 and Back Half of 2022
-
Midstream
8/3/2022 - MPLX Progressing on Plans for 200 Mmcf/d Preakness II Gas Plant in Permian Basin for 1H24
7/21/2022 - Kinder Morgan Still Evaluating Expanding Gulf Coast Express System by +570 Mmcf/d
7/12/2022 - PHMSA Delaying Compliance Enforcement on Type C Gas Gathering Pipelines
7/12/2022 - Kazakhstan Pipeline Will Not Be Shut Down by the Russian Court
7/11/2022 - Turkey Begins Pipe Laying Work on Pipeline in Sakarya Gas Field
6/23/2022 - PBO Concludes Trans Mountain Project Unprofitable to Canadian Government
6/22/2022 - Russia Promises to Continue Supplying Hungary with Natural Gas
-
LNG
8/4/2022 - Energy Transfer Working Towards FID on Lake Charles LNG by Year-End 2022
8/4/2022 - Cheniere Realizes $1.1B in Non-Cash Unfavorable Changes in Fair Value Due to Derivative Instruments
8/3/2022 - Chesapeake Enters Into Gas Supply Agreement with Golden Pass LNG for 300 Mmcf/d
7/20/2022 - Nippon Steel Corp Purchases LNG Shipment for $132-135 Million
7/12/2022 - Japan Requesting that U.S. & Australia Boost LNG Export Supply
7/12/2022 - New Fortress Energy Gives Fluor Full Notice to Proceed with 1.4 Mtpa Fast LNG 2 Project
Current Research
Natural Gas
- Natural Gas Highlights - 8/8/2022
- Daily Energy News (free) - 8/8/2022
- LNG Export Report - 8/8/2022
- Southeast Pipeline Flow Analysis - 8/8/2022
- Northeast Pipeline Flow Analysis - 8/8/2022
- Midwest Pipeline Flow Analysis - 8/8/2022
- South Central Pipeline Flow Analysis - 8/8/2022
- West & Rockies Pipeline Flow Analysis - 8/8/2022
- Fundamental Natural Gas Report - 8/8/2022
- Early Look Natural Gas Updates - 8/8/2022
- Natural Gas Storage Update - 8/5/2022
- Criterion Research Industry Alerts - 8/3/2022
- European Daily LNG Import Storage Report - 8/1/2022
- European Daily Gas Storage Report - 8/1/2022
- Long Term Natural Gas Supply & Demand Report - 7/29/2022
- Monthly Midstream Project Updates - 6/28/2022
- LNG Monthly Project Updates - 6/23/2022
Crude Oil
-
Crude Oil Highlights - 8/8/2022
Power
-
Daily EIA Power Stack Report - 8/8/2022
Criterion's News Feed
- Canadian Natural Resources Reports 2Q22 Free Cash Flows of $3.3B; Returned 53% to Shareholders - 8/8/2022
- Canadian Natural Resources Increases 2022 Capital Spending Guidance to $4.9 Billion - 8/8/2022
- Canadian Natural Resources Increases 2022 Production Guidance Range to 1,295-1,335 Mboe/d - 8/8/2022
- Canadian Natural Resources Reports 2Q22 Production of 1,211 Mboe/d; Posts Record High Gas Production of 2.1 Bcf/d - 8/8/2022
- Dominion Energy Secures Virginia State Corporation Commission Approval for 2.6 GW CVOW Wind Project - 8/8/2022
- Williams and Penn Energy Agree to Support Marketing and Delivery of Low-Emission Natural Gas - 8/8/2022
- Pakistan LNG Issues Tender Offer from LNG Trading Companies - 8/8/2022
- Excelerate Energy and Topline Energy Join Forces to Develop the Luzon LNG FPSO - 8/8/2022
- BP Singapore Purchases 3.75 Mtpa of LNG from Beach Energy - 8/8/2022
- Cenovus Agrees to Purchase Remaining Interest in bp-Husky Toledo Refinery; Becomes Sole Owner and Operator for +$300 Million Cash - 8/8/2022
- APA Lowers 2022 Production Guidance by 2% Amid Mixed Results, Divestments and Well Completion Delays - 8/7/2022
- APA Ran Three Permian Rigs in 2Q22 - Production Dropped to 200 Mboe/d, Rig Moved to Alpine High - 8/7/2022
- APA Paid down $605MM in Debt During 2Q22 - 8/7/2022
- APA Reports 2Q22 Production of 385 Mboe/d; U.S. Assets Produce 200 Mboe/d - 8/7/2022
- APA Reports 2Q22 Free Cash Flows of $814 Million; Repurchased 7MM Shares During quarter, 6.9MM Subsequent to Quarter-End - 8/7/2022