article thumbnail

100 Mbbl/d increase in Canadian oil sands sends condensate demand up, AECO gas prices down

Enverus

The bad news for dry gas producers is that a pivot toward condensate-directed drilling risks flooding the natural gas market with an oversupply of cheap gas. the largest source of gas in Canada, as well as select midstreamers, the companies that gather and process the gas and liquids, Rix said.

article thumbnail

Exploring the Future of Canadian Oil Sands and Montney Plays

Enverus

As Montney E&Ps pivot towards condensate-directed drilling, they will likely produce large quantities of associated gas. This could lead to an oversupply of cheap gas, putting downward pressure on AECO hub prices. Figure 2: Canadian bitumen, condensate and associated gas growth projections through 2030.

Oil 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

EOG Resources Enters Utica in Force with $5.6B Encino Acquisition

Oil Gas Leads

The company will gain exposure to both the liquids-rich and dry gas windows, with firm transportation to premium marketsenhancing revenue predictability and price realizations. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.

Basin 52
article thumbnail

Strategic Air Permit Transfers Highlight Shifts in Barnett Shale Operations

Oil Gas Leads

Counties like Denton and Tarrant offer: Established midstream infrastructure Proximity to DFW-area gas markets Lower barriers to entry for continued development This geographic positioning allows EagleRidge to build scale while minimizing capital deployment for new infrastructurean advantage in todays margin-conscious environment.

article thumbnail

Energy Transfer Continues 2024 Momentum With Strong Third Quarter Earnings

Energy Transfer

We also saw record performance in crude oil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%). This was offset by lower IT utilization in dry gas areas due to the lower gas prices and weaker spreads.

Energy 52
article thumbnail

Energy Transfer Caps 2024 with Strong Q4 and Full Year Earnings Results

Energy Transfer

We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%). These investments were primarily in the midstream NGL and refined products segments.

article thumbnail

The Next Shale Frontier: Kimmeridge Ranks the Top North American Basins for the Next Decade

Oil Gas Leads

Marcellus Shale (Pennsylvania) The Gas Giant Plateau The Marcellus Shale is North Americas largest gas play, and a global benchmark for shale efficiency. Best-in-Class Gas Economics: Among the lowest-cost dry gas basins in the world. Permian basins Toward slower-depleting, gas-weighted Canadian and emerging U.S.

Basin 52