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Oil, Gas, And Fracking News Read 02May 2021


The natural gas storage report from the EIA for the week ending April 23rd indicated that the amount of natural gas held in underground storage in the US rose by 15 billion cubic feet to 1,898 billion cubic feet by the end of the week, which left our gas supplies 302 billion cubic feet, or 13.7% below the 2,200 billion cubic feet that were in storage on April 23rd of last year, and 40 billion cubic feet, or 2.1% below the five-year average of 1,938 billion cubic feet of natural gas that have been in storage as of the 23rd of April in recent years..the 15 billion cubic feet that were added to US natural gas storage this week was more than the average forecast of a 9 billion cubic foot addition from an S&P Global Platts survey of analysts, but measured well below the average addition of 67 billion cubic feet of natural gas that have typically been injected into natural gas storage during the same week over the past 5 years, as well as well below the 66 billion cubic feet added to na ....

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USA Set for Gas Boom and More


Here are some of Rigzone s top upstream stories during the last week, just in case you missed them.
Here are some of Rigzone’s top upstream stories during the last week, just in case you missed them…
USA Set for Gas Boom
According to a new Rystad Energy analysis, natural gas production in the United States is set to grow to a new record of 93.3 billion cubic feet per day (Bcfd) in 2022 and will continue to rise thereafter, exceeding 100 Bcfd in 2024.
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CEO Retires as Drilling Contractor Exits Chapter 11 
Diamond Offshore Drilling reported that it, along with its debtor affiliates, emerged from Chapter 11 bankruptcy on April 23 and that Marc Edwards had retired as the drilling contractor’s chairman, president, and chief executive officer. ....

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