LNG in Uncertainty's Shadow

Uncertainty casts a shadow over US LNG; A Renewed Look': Central Basin Platform's Old Rock Gains New Interest; Oil's War Premium Will Fade After Israel's Iran Strike.

Author

Rob Quigley
October 29, 2024

Good morning! Crude slides after war fears start to fade. Gas prices are also down (imagine that). Good article from WoodMac about the unceratinty 'casting a shadow' over the US LNG industry. When will this 'wave' of LNG even show up anyways? Next year? Let's drill down.

Daily Headlines

  • Uncertainty casts a shadow over US LNG Wodmac

  • A Renewed Look': Central Basin Platform's Old Rock Gains New Interest Hart Energy$$$ 

  • Oil's War Premium Will Fade After Israel's Iran Strike Bloomberg

  • As Crude Fades, Big Oil Must Borrow to Pay Investors Bloomberg

  • Limited conflict impact on oil with Israel-Iran situation evolving Financial Times$$$

  • Mild weather and output rise cut U.S. natural gas prices by 8% Natural Gas World

  • U.S. ethane production reached a record 3.0 million barrels per day in May 2024 Eia

Deal Flow

M&A/Investment

  • Enterprise Closes $950MM Acquisition of Delaware’s Piñon Midstream Hart Energy$$$

Debt

  • Chesapeake Energy announces a $500 million debt issuance for growth and capital expenditures. News Google

Bankruptcy/Restructuring/Distressed

  • California Resources Corporation restructures debt to stabilize amid changing market dynamics. News Google

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