Upstream Updates - Tuesday, July 16, 2024

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Upstream Updates
July 16, 2024

| Today’s Upstream Updates

  • Oil prices fall on muted demand concerns in US and China

  • Natural gas prices have fallen in 18 of the last 22 trading sessions

  • BKV Corp has sold non-op Marcellus assets in two deals

| Markets - Energy Prices

Product

Close

$ Change

% Change

WTI Oil

$81.11

-$0.80

-0.98%

Brent Crude

$84.44

-$0.74

-0.87%

HH Natural Gas

$2.168

+0.010

+0.46%

XOP

$148.17

+2.17

+1.49%

Note: pricing is as of time of publishing.

| Daily Energy News 

  • Oil falls on lingering demand concerns in China (Reuters)

  • Natural gas prices down as sellers dominate (FX Empire)

  • Are 3-mile laterals worth the extra mile? (Hart Energy)

  • Energy trade value between US and Mexico fell in 2023 (EIA)

  • WY bans conservation groups from oil & gas lease sales (WyoFile)

  • Kuwait announces giant offshore oil discovery (Yahoo Finance)

  • Sable Operating hits road block in starting operations (Independent)

  • Freeport LNG to restart one train this week (Reuters)

  • Trump’s tariffs proposal concerns oil & gas industry (Market Watch)

  • Natural gas pipeline ruptures in Reeves County (CBS7)

  • Staff says Amazon stretching truth about renewal power (datacenter)

  • Argentina to boost exports with supertankers (OilPrice)

  • Exxon plans 30 wells in new Guyana project (Reuters)

  • Vista sets sight on Exxon’s Vaca Muerta assets (Latin Finance)

  • BKV sales non-op Marcellus assets (Marcellus)

| X (Twitter) Energy - Insightful Posts 

  • Mattress Mack lays into CenterPoint CEO (Link)

  • Copper forecasts demand increases for renewables (Link)

  • Fed won’t wait until inflation is 2% to cut rates (Link)

| Monthly Upstream Deals

| Monthly Capital Markets Activity

  • Pending 

| Partnerships

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Disclaimer - The information provided in this newsletter is for informational purposes only and should not be construed as investment advice. The contents and references herein do not constitute a recommendation to buy, sell, or hold any securities. Readers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions based on the information provided herein. The authors and publisher of this newsletter are not liable for any actions taken by readers based on the information contained herei