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Title : WTI Could Hit $70 Briefiy By End Of The Week -- April 19, 2018
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WTI Could Hit $70 Briefiy By End Of The Week -- April 19, 2018

KMI: dividend increase. 

China: CNOOC sells LNG in first auction as China looks to avoid new gas crunch.

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Back to the Bakken 
Where Fracking Is Never Out of Fashion

Active rigs:

$69.27↑↑	4/19/2018	04/19/2017	04/19/2016	04/19/2015	04/19/2014
Active Rigs	59	50	29	93	188

RBN Energy: natural gas-weighted E&Ps continue to grow despite lackluster prices, part 4.

Four years ago this month, crude oil was selling for north of $100/bbl and natural gas prices were more than 50% higher than they are now.

But while hydrocarbon prices sagged later in 2014 — and through 2015 and early 2016 — the declines didn’t deal a crippling blow to U.S. exploration and production companies. Instead, most of the upstream industry weathered the crisis remarkably well. Amidst that striking recovery, the 10 gas-focused E&Ps we’ve been tracking have engineered the strongest return to profitability.

After $40 billion in pre-tax losses in 2015-16, they reported a collective $5.2 billion in pre-tax operating income in 2017, with all 10 producers in the black, as well as a 150% increase in cash flow over 2016, to $11.7 billion. However, gas prices have languished below $3.00/MMBtu since early February 2018 — their lowest level since mid-2016 — which means that the gas producers don’t have the tailwind that higher oil prices have been providing to their oil-focused and diversified competitors.

Today, we conclude our blog series on E&Ps’ 2018 profitability outlook and cash flow allocation with a look at companies that focus on natural gas production.

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