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0.000486381322957102 0.000486381322957102 -0.00389105058365768 -0.0029182879377433 -0.0029182879377433 -0.0029182879377433 -0.0029182879377433 -0.0029182879377433
Stock impact report

Struggling U.S. shale producers lose profitable niche [Yahoo! Finance News]

Marathon Oil Corporation (MRO) 
Last marathon oil corporation earnings: 2/12 04:30 pm Check Earnings Report
US:NYSE Investor Relations: marathonoil.com/investors
By Liz Hampton and Devika Krishna Kumar DENVER, Feb 20 ) - Swooning prices for natural gas liquids NGLs) such as butane and propane have dealt another blow to hard-hit U.S. shale producers, hampering the one market niche that had been supporting companies that slashed spending and reallocated rigs to bolster thin profits. Strong exports have helped companies turn a profit on production of gas-liquids. Production in November was up 9% from a year earlier, after hitting a record 5 million bpd in October. Output this year of so-called NGLs, which are stripped from shale gas streams, should average 5.32 million bpd, up 22% from 4.37 million bpd in 2018, according to the U.S. Energy Information ministration EIA). "There is kind of a perfect storm here over the last few months around natural gas, and then oil and NGLs," Glen Warren, finance chief at Antero Resources, said last week. Export demand for gas-liquids remained strong through December, but the coronavirus outbreak "has put a blank Show less Read more
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