Recent News
Penn Virginia & Denbury Agree to Terminate Planned Merger Amid Shareholder Pushback & Market Conditions 3/22/2019
Penn Virginia and Denbury have mutually agreed to the termination of their proposed merger. Denbury CEO Chris Kendall cited the difficult market conditions since announcing the merger and opposition of Penn Virginia shareholders led to the decision to cancel the merger.
Penn Virginia CEO John A. Brooks cited plans to continue with a planned two rig development program and a new guidance will be issued ahead of first quarter earnings.
Kinder Morgan Pushes Elba LNG Start-Up to April 2019; Train 10 in January 2020 3/22/2019
Kinder Morgan cited that the start-up of the Elba LNG Terminal would be pushed back to April 2019 amid construction delays. The entire ten train facility was expected fully online in 2019, but that may be pushed back as well with the new timeline. Each subsequent train is expected online one month after the prior train, leading to the final train coming online in January 2020.
- 3/20/2019 - Nuevo Midstream Acquiring Republic Midstream; Intends to Expand Eagle Ford System
- 3/19/2019 - Alberta Government Allowing Another 50 Mbbl/d in Production in May-June 2019; Bringing Total Allowable Volumes to 3.71 Mmbbl/d
- 3/19/2019 - Mexico Invites International Firms to Bid on the Construction of Pemex's $8 Billion Oil Refinery in Tabasco, Mexico
- 3/15/2019 - Imperial Oil Winds Down Development Pace of Aspen Oil Sands Project Amid Alberta Government Competitiveness Challenges
- 3/15/2019 - EP Energy Reports 2018 Hedging Losses of $25 Million; Current Mark-to-Market Hedge Book Valued at $114 Million
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Upstream
3/14/2019 - Talos Energy Drills Boris 3 Well in January 2019; Anticipates Production in 2Q19
3/5/2019 - ExxonMobil Intends to Increase/Accelerate Permian Basin Output to 1 MMboe/d by 2024
2/27/2019 - Oasis Petroleum Issues 2019 Upstream CapEx Guidance of $540-$560 Million; Down 40% Annually
2/14/2019 - Pioneer's Brent-Related Oil Marketing Generated +$170 Million in Cash Flows During 4Q18
2/14/2019 - Pioneer Reports Continued Success in Wolfcamp D Formation
1/31/2019 - Murphy Oil Issues 2019 Production Guidance of 202-210 Mboe/d; Rising 22% from 4Q18
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Midstream
2/20/2019 - Noble Midstream Expecting Delaware Crossing JV System Online in 3Q19; Full Service in 4Q19
2/14/2019 - EQM Constructing Pipeline Connection to Proposed 830-MW Brooke County, WV Power Plant
1/31/2019 - Enterprise Currently Developing $6.7 Billion in Organic Growth Projects; Five Expected Online in 2019
12/14/2018 - SemCAMS Receives Regulatory Approval on 280 Mmcf/d Sour Gas Plant
12/4/2018 - Kinder Morgan Canada Still Exploring Strategic Options for Company
9/14/2018 - Summit Extends Open Season for Double E Natural Gas Pipeline
9/10/2018 - ONEOK to Expand its West Texas LPG Line Further
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Downstream
9/6/2018 - ExxonMobil Reaches Framework Agreement for Proposed Chemical Complex in China
5/14/2018 - ADNOC Announces $45 Billion Downstream Investment Plan
5/8/2018 - Delek US Highlights Positioning to Take Advantage of WTI Cushing/Midland Spread
5/1/2018 - Holly Energy Partners Announces Diesel Supply Project in Delaware Basin
4/30/2018 - Exxon Announces Acquisition of PT Federal Karyatama in Indonesia
4/19/2018 - Fluor Awarded Contract for Marathon's STAR Program at the Galveston Bay Refinery
Current Research
Natural Gas
- Daily Midwestern Pipeline Flows - 3/22/2019
- Morning Fundamental Report - 3/22/2019
- Daily Gas Highlights - 3/21/2019
- Biweekly Natural Gas Upstream Production Highlights - 3/21/2019
- LNG Biweekly Highlights - 3/19/2019
- Weekly Midstream Project Updates - 3/11/2019
Crude Oil
- Daily Crude Highlights - 3/21/2019
- Biweekly Crude Oil Upstream Production Highlights - 3/13/2019
Criterion's News Feed
- Ascent Resources Issues 2019 Production Guidance of 2.0-2.2 Bcfe/d - 3/22/2019
- Ascent Resources Issues 2019 CapEx Guidance of $1.1-$1.25 Billion - 3/22/2019
- Ascent Resources Expects to be Cash Flow Neutral in Late-2019 - 3/22/2019
- Ascent Resources Has Hedged 85% of Gas for 2019; 75% of Crude Oil - 3/22/2019
- Ascent Resources Increases Borrowing Base to $2.0 Billion - 3/22/2019
- Ascent Resources Reports Record Dec-18 Production of 1.9 Bcfe/d - 3/22/2019
- Tenaris Acquiring IPSCO Tubulars from TMK for $1.2 Billion - 3/22/2019
- Kosmos Energy Prices $650 Million Senior Note Offering - 3/22/2019
- Altura Energy Issues 2019 Production Guidance of 1.7-1.8 Mboe/d - 3/22/2019
- Altura Energy Reaffirms 2019 CapEx Guidance of $15 Million - 3/22/2019
- Altura Energy Reports 4Q18 CapEx of $4.0 Million - 3/22/2019
- Altura Energy Reports 4Q18 Production of 1.4 Mboe/d; Up 32% Q/Q - 3/22/2019
- Archrock Closes $500 Million Senior Note Offering - 3/22/2019
- Penn Virginia & Denbury Agree to Terminate Planned Merger Amid Shareholder Pushback & Market Conditions - 3/22/2019
- Kinder Morgan Pushes Elba LNG Start-Up to April 2019; Train 10 in January 2020 - 3/22/2019