Nat Gas News – September 6, 2017

Nat Gas News – September 6, 2017

Conoco Says Eagle Ford Oil Output Nearing 80 pct of Pre- Harvey Level

Reuters reports: ConocoPhillips said on Monday its oil production in the Eagle Ford shale region had hit roughly 50 percent of its pre-hurricane rate of 130,000 barrels of oil equivalent per day, and expected it to reach 80 percent by the evening.The company suspended all operations and shut in production in the Texas region on Aug. 25 due to Hurricane Harvey. Conoco said production associated with natural gas liquids at Eagle Ford was expected to be the slowest to recover due to offtake constraints, which it said could last “at least another week.” For more on this story visit reuters.com or click http://bit.ly/2wFIiba

Storm Irma Could Cause Further Damage to America’s Beleaguered Oil and Gas Infrastructure

Energy Voice reports: With top winds of 180 miles per hour, Irma is a Category 5 storm, the highest on the five-step Saffir Simpson scale. It’s on a track to strike or graze Caribbean islands from Antigua to Puerto Rico through Wednesday, and Cuba by Friday, the U.S. National Hurricane Center said in an advisory at 11 a.m. New York time. Florida has declared a state of emergency and may begin to feel Irma’s potentially deadly winds as early as Saturday. Oil and natural gas markets are also keeping a close eye on the storm. It’s unclear whether Irma will charge into the Gulf of Mexico, home to drilling and production platforms, or follow Harvey’s path into the heart of the U.S. refining region. Only three Category 5 hurricanes have hit the contiguous 48 U.S. states, Henson said. The Labor Day Hurricane of 1935 that devastated the Florida Keys, Hurricane Camille in 1969 and Hurricane Andrew that cut across Florida in 1992. For more visit energyvoice.com or click the following link http://bit.ly/2vJsUNv

Market Condition Report - Disclaimer
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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