U.S. Shale Oil Output, Mach Natural Resources: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PRODUCTION
EIA: U.S. Shale Oil Production to Fall in December - U.S. oil output from top shale-producing regions is set to decline in December for a second consecutive month, the U.S. Energy Information Administration (EIA) said in its monthly Drilling Productivity Report on Monday. Oil output is expected to drop to 9.652 million barrels per day (BBL/d) in December, from an estimated 9.653 million BBL/d in November, the EIA said. (Reuters)

NATURAL GAS
U.S. Natural Gas Jumps on Colder Weather Forecasts - U.S. natural gas futures jumped about 5% to a one-week high on Monday on forecasts for colder weather and higher heating demand in late November than previously expected and as record amounts of gas flowed to U.S. liquefied natural gas export plants. After declining for five days in a row, front-month gas futures for December delivery on the New York Mercantile Exchange rose 16.4 cents, or 5.4%, to settle at $3.197 per million British thermal units, their highest close since Nov. 6. (Reuters)

CORPORATE
Mach Natural Resources to Buy Anadarko Basin Assets - Mach Natural Resources (NYSE:MNR) (Oklahoma City, Oklahoma) said on Monday said it will buy certain oil and gas assets in the Anadarko Basin in Oklahoma from Paloma Partners (Greenwich, Connecticut) for $815 million in cash. Mach Natural said the assets have reserves of 75 million barrels of oil equivalent and will boost its existing output of about 65,000 barrels of oil equivalent per day (boe/d) by roughly 32,000 boe/d. (Reuters)

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About Industrial Info
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