The Cline Shale in Texas is one of the hottest new shale plays in the USA.  Devon Energy (DVN-NYSE) is suggesting it’s a huge play, pervasive over a very large area on the eastern shelf of the Permian Basin. In fact, the Permian is bursting with new resource plays—what’s old...
Condensate prices in Canada are soaring—now sitting some $14/barrel ABOVE WTI—making it the most valuable Canadian energy product. It’s creating huge profits for the lucky few natural gas producers who have large condensate volumes in their production stream.Condensate is both a heavy Natural Gas Liquid (NGL), and a super light...
One of the (most profitable) things I do for subscribers is stay on top of all the new shale plays popping up all over the world. While shale oil and gas are widespread in North America, the global shale revolution is just starting — but is sure to continue for...
by +Keith Schaefer Last week I looked at breaking developments that suggest the Duvernay shale may be the most profitable play in Canadian history. Consider just two points on the play—hot off the press at a tight-knit gathering of Duvernay insiders put on by TD Securities in Toronto a few weeks ago: Well...
Have you had trouble wrapping your head around this market? I know I have. The economic data is ugly. 10%+ unemployment is not a good place to be, no matter how you frame it. A second wave of the virus means a slowdown and a W-shaped recovery even if there is no...
In Part 1 (The Race To Supply LNG), I explained how the Japanese will most likely solve its power shortage, now that there are NO nuclear plants running. One of the biggest answers is LNG—Liquid Natural Gas—and an emerging LNG technology that is growing around the world... and could be...
Even before Tuesday's big jump in natural gas prices, I was intrigued to see some of the leading natgas stocks in the US hold up or go up on days natgas was down this week, like EQT, Southwestern, and Rice Energy, (which my colleague Bill Powers profiled at $9.47/share on...
Investing in Condensate, Part I  explained what this hot new commodity is; Part II outlined the bullish case for Canadian condensate demand, and in this third and final article on condensate, I review American efforts to move their glut of condensate north. Condensate is making uneconomic gas wells profitable for producers in the...