Appalachian shale drillers ride NGL surge as gas prices languish
Appalachia's biggest shale drillers are raking in profit from the natural gas liquids stripped from their gas flows, with the added income providing some notable upside as natural gas prices remain range-bound.
Pembina to develop C$400M of new projects, launches C$1.3B 2018 capital program
Pembina Pipeline Corp. is set to execute about C$400 million worth of new capital projects and announced a C$1.3 billion capital program for 2018.
Enbridge to monetize C$10B in assets, hike dividend, eliminate Spectra IDRs
Enbridge Inc. unveiled its post-Spectra Energy merger strategic plan, which calls for C$22 billion in capital spending; a goal to monetize C$10 billion in noncore assets; a 10% boost to its dividend; and an idea to lower Spectra Energy Partners' cost of capital by eliminating its incentive distribution rights, or IDRs.
Deloitte sees 'opportunity' for Appalachia to build Texas-like energy ecosystem
The Appalachian shale region is at a point where it can become a world-class exporter of natural gas like Qatar or build a regional energy ecosystem like Texas, which adds value to local resources by converting gas and liquids into higher-end petrochemicals and plastics, a new report from the accounting and consulting firm Deloitte said.
US natural gas production surges in September as Alaska output recovers
Total production of natural gas across the United States surged in September, led by another big increase in output from Alaska, according to a monthly report from the U.S. Energy Information Administration.
Noble Energy, Carrizo Oil & Gas sales show they see best assets close to home
Noble Energy Inc.'s agreement to sell approximately 1.1 million gross acres in Texas, Oklahoma and North Dakota to Black Stone Minerals Co. LP for a reported $340 million made it the second Houston-based company in as many days to drop assets out of state in favor of profitable ones closer to home.