Recent News
Marathon Selling Speedway Segment to 7-Eleven for $21 Billion 8/3/2020
Marathon Petroleum reached a deal to sell its Speedway segment to 7-Eleven for $21 billion in cash, which will result in $16.5 billion in after-tax cash proceeds once the deal closes in the first quarter of 2021.
The deal also includes a 15-year fuel supply agreement for 7.7 billion gallons of annual gasoline to the Speedway business.
Southwestern Energy 2Q20 Production Flat Q/Q at 2.2 Bcfe/d; Rising Through 4Q20 8/3/2020
Southwestern Energy reported second quarter 2020 net production of 2.2 Bcfe/d, flat with 1Q volumes. Looking ahead, they forecast volumes to rise to 2.4 Bcfe/d in 3Q and then 2.5 Bcfe/d in 4Q.
SWN's gas production totaled 1,736 Mmcf/d in the second quarter and will now rise to a fourth quarter average of 1,961 Mmcf/d.
- 7/31/2020 - CNX Resources Planning 1 Rig/1 Frac in 2021; Production Up 7% then Flat from 2022-2026
- 7/31/2020 - Exxon Cutting Permian Operations to 10-15 Rigs by Year-End 2020
- 7/30/2020 - Tokyo Gas, via Castleton Resources, Acquires Haynesville Acreage from Shell
- 7/30/2020 - TC Energy Proceeding on $0.4B Elwood Power/ANR HP Replacement Project
- 7/30/2020 - Apache Announces Major Discovery in Suriname via Kwaskwasi-1 Well
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Upstream
8/3/2020 - Apache Redeeming $460MM in Senior Notes
8/3/2020 - Suriname State-Owned Firm Looking at Farm-in on Apache/Total Block
7/9/2020 - Noble Energy Issues Prelim 2Q20 Update: CapEx Totaled $100MM During Quarter
6/30/2020 - Conoco Issues Update on 2Q20 Production Curtailments; 225 Mboe/d Offline During Quarter
6/18/2020 - B.C. OIl & Gas Designates 401 More Orphan Wells Formerly Owned by Ranch Energy
6/18/2020 - Ring Energy Borrowing Base Reduced to $375MM
6/17/2020 - TRRC Takes Recommendations on Addressing Flaring; Plan of Action Expected This Fall
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Midstream
8/3/2020 - TC Energy Files Rate Case for Columbia Gas
7/30/2020 - TC Energy Issues 2Q20 Update on Keystone XL; COD Planned for 2023
7/27/2020 - CNX Resources Acquiring All Public Equity of CNX Midstream
7/6/2020 - Insurance Firm Drops Coverage of Trans Mountain Pipeline Project; Munich Re Expected to Follow
6/30/2020 - Kinder Morgan's Permian Highway Pipeline Reaches Pedernales River
6/26/2020 - GIP Closes on Purchase of $325MM in Whistler Pipeline Senior Notes; COD Targeted for 3Q21
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LNG
7/28/2020 - US-Based Sycar Planning Ecuadorian LNG Import Terminal
7/24/2020 - Petronet Reportedly Scrapping 1 Mtpa, 10-Year LNG Tender
7/24/2020 - IEnova Awaiting Permit on Energia Costa Azul LNG Project
7/22/2020 - African Development Banks Joins Mozambique LNG Project w/ $400MM Loan
7/15/2020 - NextDecade Shifts Rio Grande LNG Design to Five Trains After Optimizing Plans
7/13/2020 - Petronet's Tender for 1 Mtpa in LNG Reportedly Shortlists Two Companies
7/2/2020 - Colombia Awarded Tender for Pacific LNG Project in April 2021
Current Research
Natural Gas
- Weekly Midstream Project Updates - 8/3/2020
- Gas News Highlights - 8/3/2020
- Daily Market Review - 8/3/2020
- Fundamental Natural Gas Report - 8/3/2020
- LNG Export Report - 8/3/2020
- Southeast Pipeline Flow Analysis - 8/3/2020
- Northeast Pipeline Flow Analysis - 8/3/2020
- Midwest Pipeline Flow Analysis - 8/3/2020
- South Central Pipeline Flow Analysis - 8/3/2020
- Rockies & West Pipeline Flow Analysis - 8/3/2020
- LNG Biweekly Highlights - 7/28/2020
Crude Oil
- Crude Oil Highlights - 8/3/2020
Criterion's News Feed
- ONEOK Highlights Rising GOR's on Williston Basin as Opportunity - 8/3/2020
- Enbridge Plans to Begin Construction of Cameron Extension Project in 2020 - 8/3/2020
- Enbridge $1B T-South Project Expected Online in 2021 - 8/3/2020
- Enbridge Issues 2Q20 Update on Mainline Contracting Progress; Information Requests Through April 2021 - 8/3/2020
- Enbridge Issues 2Q20 Update on Line 3 Replacement in Minnesota - 8/3/2020
- Enbridge Mainline Optimizations Phasing Online Through 2021 - 8/3/2020
- Enbridge Issues 2Q20 Mainline Outlook; Expected to Gradually Recover in 3Q & 4Q - 8/3/2020
- Matador Resources Reports 2Q20 Capital Spending of $123 Million; Dropped to Three Rigs in June - 8/3/2020
- Matador Resources Reports 2Q20 Net Production of 73.3 Mboe/d; Rising 3% Q/Q - 8/3/2020
- WPX Could Hold Oil Production Flat at 140 Mbbl/d in 2021 with a Reduced CapEx Budget - 8/3/2020
- WPX Reported 2Q20 Production of 207 Mboe/d; Ramping Crude Production in 4Q20 to 140 Mbbl/d - 8/3/2020
- WPX Reported 2Q20 Capital Spending of $188MM; 12 Wells Completed Before All Frac Crews Releaed - 8/3/2020
- Kayne Anderson Capital Launches Kayne Anderson Renewable Infrastructure Fund - 8/3/2020
- Noble Corp. Files for Bankruptcy to Eliminate $3.4B in Debt - 8/3/2020
- National Fuel Gas Closes on $504MM Purchase of Shell's Appalachian Assets - 8/3/2020