RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
Devon Energy announced it is selling its Eagle Ford assets to Crescent Energy for $4.22 billion in cash. In today’s blog, we look at why Devon is leaving South Texas while Crescent doubles down, and we preview our detailed analysis of the deal, available on the Novi Intelligence portal.
Freight rates are sky-high. Shipping crude oil from the U.S. Gulf Coast to China on a VLCC cost more than $80 million earlier this month, double what it was in September and 5X a year ago. Today, we look at the unique combination of factors that are helping drive freight rates to record highs.
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U.S. propane inventories have fallen 3.8 MMbbl in three weeks, the steepest decline for this period in at least a decade, as strong exports pull Gulf Coast stocks lower. The surplus to last year has shrunk to 2.7 MMbbl and could disappear as soon as next week.
A decade ago, the first LNG cargo produced in the Lower 48 was exported from Sabine Pass. Now, feedgas demand for LNG has surpassed 20 Bcf/d for the first time. Today, we look at how we got here, the recent stall in feedgas volumes, and where U.S. export demand is heading in the years to come.
Freight finally took a breather last week, but Gulf Coast exporters remain a long way from relief, facing shipping bills that would have been difficult to imagine before this year.
U.S. LNG feedgas surged to an all-time high last weekend, reaching the long-awaited 20 bcf/d milestone as winter peak operations ramp up across several terminals.
NGL prices pulled further ahead of natural gas over the past month, pushing the frac spread to $7.80/MMBtu on October 19, up 36% from a month earlier.
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Building an oil or gas pipeline can be a heavy lift, but getting permission to do it can take even longer. Years of reviews, agency coordination and courtroom battles have delayed projects and driven up costs. Today, we look at the permitting reform bill being considered by Congress and what it would do.
Texas has plenty of the ingredients needed to support a major buildout of hydrogen and carbon capture and storage (CCS), including abundant natural gas, extensive energy infrastructure and access to international markets, but another essential input — water — could prove harder to secure, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).
The volumes of Permian natural gas flowing into the Katy area west of Houston will be increasing sharply, as will gas demand from LNG export terminals near the Texas/Louisiana border. Three new pipelines are being developed to move gas from between Katy and the state line, but will they be enough?
