WorldOil EIA: Summer natural gas prices on track to be the lowest since 1998 EIA forecasts Henry Hub natural gas spot prices for June, July, and August this year will average $2.37 per MMBtu. Solaris Water launches expanded New Mexico recycling operations Solaris Water launches operations at its expanded Lobo Ranch Produced Water Recycling and Blending Center in Eddy County, New Mexico. Permian watch: America’s hottest shale play is slowing down The engine of America’s shale boom is beginning to sputter. U.S. oil lets top Korean refiner pivot away from Middle East South Korea’s biggest oil refiner is looking to buy a wider variety of U.S. crude grades to reduce its reliance on Middle East supply. No fast exit from Permian oil for private equity, RS Energy says Private equity has been ramping up its investment in Permian basin oil and natural gas production, but the old strategy of selling out after a few years is no more, according to RS Energy Group. U.S. DUC shale backlog declines, except in Permian basin The backlog of DUCs in major U.S. shale plays fell for a fourth straight month, the longest stretch of declines since 2016. Callon to acquire Carrizo in $3.2-billion stock transaction Callon and Carrizo OandG have approved an agreement where Callon will acquire Carrizo in an all-stock transaction valued at $3.2 billion. Cracks in Permian promise slowing shale boom The promise of the Permian is shrinking. Activists take control of EQT board in proxy fight The activist investors at EQT Corp are poised to take control of the largest U.S. natural gas producer’s board. World of oil and gas Talos Energy has completed its appraisal program for the Zama discovery on Block 7, in the offshore portion of Mexico’s prolific Sureste basin.