AFE Leaks

Enbridge unveiled Project Beacon for Algonquin. E&E says New England gas capacity would rise nearly 10%. Long-dated Appalachia demand optionality, not prompt flow. eenews.net/articles/pipel… #AFELeaks

USGC crude exports hit 5.9 MMb/d for week ended May 15, a record; Europe took 3.3 MMb/d. The pace leans on inventories and SPR barrels. rbnenergy.com/daily-posts/an… #AFELeaks

U.S. LNG feedgas 15.1 Bcf/d May 19 vs. 16.3 Monday, lowest since Jan. 27, per LSEG via Investing.com. Maintenance still outweighed Golden Pass. ca.investing.com/news/commoditi… #AFELeaks

BLM opened May 18-June 17 comment on a September 2026 Ohio lease-sale DNA: 41 Wayne National Forest parcels, 2,840.10 federal mineral acres. via BLM eplanning.blm.gov/Project-Home/?… #AFELeaks

PSX will add 300 MMcf/d at Zeus and 100 Mb/d of Coastal Bend fractionation near Corpus Christi; Midland Express is about 45 miles. 2028 target. houstonchronicle.com/business/energ… #AFELeaks

EOG says it is adding 2,000 b/d of oil and keeping Delaware activity roughly flat at 13 rigs and 3 frac fleets. Capital is moving toward oilier plays. via MRT mrt.com/business/oil/a… #AFELeaks

Baker Hughes May 15: U.S. rigs rose to 551; oil +5 to 415; gas -1 to 128; Permian +4 to 246. Activity check, not a production proxy. via OilPrice oilprice.com/Energy/Crude-O… #AFELeaks

AFE Leaks Daily Pulse - May 15, 2026 open.substack.com/pub/afeleaks/p…

Prairie Q1: 23,200 Boe/d, 72% liquids; USD 83.4MM revenue, USD 37.2MM adj. EBITDA. DJ Basin: 17 wells drilled at Elder/Opal Coalbank; 13 in a single run. via SEC sec.gov/Archives/edgar… #AFELeaks

Caturus FID: USD 9.75B financing for 9.5 Mtpa Commonwealth LNG in Louisiana; 2030 startup. via Reuters investing.com/news/stock-mar… #AFELeaks

Courthouse News: judge dismissed the CBD/Wishtoyo BOEM challenge. Sable has restarted 2 of 3 Santa Ynez platforms; the third is expected next month. courthousenews.com/nonprofits-hit… #AFELeaks

NGSA/EVA sees U.S. power burn at 40.3 Bcf/d this summer, +2.0 Bcf/d y/y. Gas balance now depends on power load and takeaway. via POWER powermag.com/record-power-b… #AFELeaks

WTS moved into triple digits and trades about USD 6/bbl above WTI. Physical crude quality is repricing Permian barrels beyond flat Brent/WTI tape. mrt.com/business/oil/a… #AFELeaks

EIA: 2026 U.S. dry gas now 110.61 Bcf/d; Permian 29.2 Bcf/d (+6% y/y). Basis stress is associated gas outrunning takeaway. via OilPrice oilprice.com/Energy/Natural… #AFELeaks

Sherman bill: 100% tax on crude-sale revenue above USD 75/bbl until Iran hostilities cease and Hormuz reopens. via Rigzone rigzone.com/news/bill_seek… #AFELeaks

EagleRock raised USD 320.1MM in IPO: 17.3MM shares at USD 18.50. It owns/controls 236,000 Permian acres across Delaware/Midland. investing.com/news/stock-mar… #AFELeaks

U.S. upstream M&A hit USD 38B in Q1 2026, highest quarterly total in two years; Devon/Coterra was USD 25B, per Enverus via Reuters. ca.marketscreener.com/news/us-upstre… #AFELeaks

Freeport LNG took 1 of 3 Texas trains offline for scheduled maintenance. LSEG/Reuters: feedgas 1.6 Bcf/d May 13 vs 1.9 Bcf/d prior 4 days. pgjonline.com/news/2026/may/… #AFELeaks

OVV Q1: 679 MBOE/d, USD 634MM FCF, USD 605MM capex. NuVista closed; Anadarko exited for USD 2.85B. Full-year guide: 620-645 MBOE/d. sec.gov/Archives/edgar… #AFELeaks