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Press Release, Kathy Hipple, Clark Williams-Derry and Tom Sanzillo
Free cash flow surges as capital reductions may mark beginning of end for shale boom
December 8, 2020 (IEEFA) —Facing low prices and weak demand, a cross-section of 33 shale-focused oil and gas producers cut their capital expenditures (capex) to their lowest level in more than a decade, according to an analysis released today by the Institute for Energy Economics and Financial Analysis. Thirty-two of the 33 companies cut capex […]
Press Release, Kathy Hipple, Clark Williams-Derry and Tom Sanzillo
Tide of red ink shows little sign of ebbing any time soon for shale-focused regional gas producers
December 3, 2020 (IEEFA)—Even after cutting their capital expenditures (capex) by more than one-third from the previous year, nine shale-focused gas producers in Appalachia spent a half-billion dollars more during the third quarter on drilling and building projects than they earned from selling oil and gas. Capex investments during the third quarter were the lowest […]
Press Release, Kathy Hipple, Clark Williams-Derry and Tom Sanzillo
Nine major E&P companies collectively lost more than $1 billion over past year
September 10, 2020 (IEEFA) — Even after cutting capital expenditures to their lowest quarterly point in more than six years, nine Appalachian shale-focused gas producers continued to hemorrhage money, reporting more $134 million negative free cash flows in the second quarter of 2020. Together, they have spilled $1.1 billion in red ink over the past […]
Suzanne Mattei
State action thwarts another U.S. federal effort to expand fossil fuel-burning as financial realities and alternative solutions embolden a North Carolina agency
While the debate rages over the Mountain Valley Pipeline, a large proposed extension has just hit a brick wall. The main Mountain Valley Pipeline, which would run 303 miles from West Virginia to Pittsylvania County in Virginia, is not yet fully built. Construction was speeding along until a U.S. appeals court ruled that it had […]
IEEFA
S&P ($): Despite drastic cuts in production, U.S. domestic thermal coal markets could continue to face oversupply for the foreseeable future as about a quarter of U.S. coal production is bound for power plants where customers have already set a future retirement date. An S&P Global Market Intelligence analysis showed that nine coal basins across […]
Frank Bass
Business case for renewables-based economic development grows stronger by the day
The transition to renewable energy is frequently advocated on environmental grounds, but the financial case for moving away from fossil fuels is becoming undeniably clear, according to experts speaking during the final week of IEEFA’s 2020 Energy Finance Conference (July 14-30). The annual meeting of international energy, finance and policy experts, which was offered online […]
Press Release, Kathy Hipple, Clark Williams-Derry and Tom Sanzillo
Capex reductions, financial hedging offset plunging demand
June 25, 2020 (IEEFA)—Nine fracking-focused gas companies in Appalachia reported a positive free cash flow during the first quarter of 2020—but only after slashing capital expenditures and reporting significant revenues from financial hedging, according to a new study by the Institute for Energy Economics and Financial Analysis (IEEFA). The positive first quarter results, however, didn’t […]
IEEFA
S&P Global Market Intelligence ($): Total U.S. coal production for the week ended April 11 tightened 35.1% year over year to 9.3 million tons from 14.4 million tons, according to data from the U.S. Energy Information Administration. For the 52 weeks ended April 11, production was 664.8 million tons, representing a year-over-year decline of 11.0%, […]
Press Release, Dennis Wamsted, Seth Feaster and Karl Cates
Competition, financing, consolidation, muni/co-op trajectories, export markets
March 30, 2020 (IEEFA U.S.) — A report published today by the Institute for Energy Economics and Financial Analysis (IEEFA) sees the U.S. coal industry continuing to decline through 2020 and beyond. The report, U.S. Coal Outlook 2020: Market Trends Are Pushing Industry Ever Closer to a Reckoning, details issues that will likely persist in driving […]
Press Release, Kathy Hipple, Clark Williams-Derry and Tom Sanzillo
Eight fracking companies hemorrhage $73 billion over ten years as low prices pummel sector
March 25, 2020 (IEEFA U.S.) ‒ Another year, another gusher of red ink. Fracking (Exploration & Production) companies in Appalachia have failed to produce positive free cash flow each year for the past decade, according to an IEEFA analysis released today. In a briefing note (In Extremis: Crisis Mounts for Appalachian Shale Producers), IEEFA analysts […]
IEEFA U.S.: Frackers cut capex to $5.8 billion during third quarter, lowest level in a decade
Free cash flow surges as capital reductions may mark beginning of end for shale boomDecember 8, 2020 (IEEFA) —Facing low prices and weak demand, a cross-section of 33 shale-focused oil and gas producers cut their capital expenditures (capex) to their lowest level in more than a decade, according to an analysis released today by the Institute for Energy Economics and Financial Analysis. Thirty-two of the 33 companies cut capex […]