With the April 2018 tax law changes, MLP’s have fallen out of favor, underperforming non-MLP structures -20% year to date, as retail investors flee.
Cheniere’s Corpus Christi terminal loaded 1st vessel. US now has 3 LNG export terminals.
With US increasing LNG exports from ~3.5 BCF/day today to ~11 BCF/day in 2020, look for world natural gas markets to converge.
If this trend continues, the US will run out of natural gas in storage on March 15, 2019, ~1-4 weeks early depending on temperature. End of storage withdraw season could be catastrophic for lack [...]
Estimated reserves 46.3 billion BBL oil, 281 TCF of natural gas, and 20 billion BBL natural gas liquids. The Permian/Delaware basin is a low cost basin with massive reserves, other basins pale by [...]
Injection constraints will be more of a speedbump than a roadblock in Permian growth expectations, which is forecasted at +9.3% CAGR for crude and +6.4% CAGR for natural gas through 2023.
There are many yield curves, as function of start and stop point on the curve, and, while some have inverted, the two most important have not.
The catalyst is lack of pipeline takeaway capacity causing wide basin differentials stranding natural gas, creating little incentive to drill. There will be a deficit of market zone natural gas [...]