Permian Basin

DeLa Express LLC is seeking to construct a 2 Bcf/d interstate pipeline to help ease the glut of natural gas trapped in the Permian Basin.  The independent energy infrastructure company, an affiliate of Houston-based Moss Lake Partners LP, in early April asked FERC to begin the prefiling review for a 42-inch diameter, 690-mile pipeline.  The…

The U.S. natural gas rig count fell one unit to finish at 109 for the week ended Friday (April 12), while a small decrease in oil drilling dropped the combined domestic tally three units to 617, according to the latest numbers from Baker Hughes Co. (BKR). Total domestic natural gas rigs finished the period down…

APA Corp. said Wednesday it curtailed about 35 MMcf/d of U.S. natural gas production during the first quarter, mostly during March. The curtailment was “in response to weak or negative Waha hub prices.” Waha is the hub of record for the Permian Basin, which spans West Texas and portions of southeastern New Mexico. Waha prices…

Enterprise Product Partners LP has begun service at the Mentone 3 cryogenic natural gas processing plant in West Texas, one of several steps midstream companies are taking this year to add sorely needed takeaway capacity from the Permian Basin. Enterprise’s third processing plant in the Permian’s Delaware sub-basin has a nameplate capacity of 300 MMcf/d…

As an outsized storage surplus continued to hang over the outlook, regional natural gas forward prices shed value during the March 21-27 trading period, NGI’s Forward Look data show. Front month fixed prices at benchmark Henry Hub fell 12.7 cents for the period to end at $1.577/MMBtu. However, the benchmark also saw double-digit losses for…

The domestic natural gas rig count held steady at 112 for the week ended Thursday (March 28), while a decline in oil activity lowered the combined domestic drilling tally by three to 621, the latest Baker Hughes Co. (BKR) data show. The combined oil and gas U.S. rig count for the week, which was 621,…

Baseload natural gas prices were trending lower for April delivery as excess end-of-winter inventory levels kept bidders hesitant on the first day of bidweek trading Friday (March 22), according to NGI’s Bidweek Alert (BWA). Trade was most active in Texas, where the supply glut has pushed Permian Basin prices negative, following in the footsteps of…

Strong Permian Basin production of oil and, by extension, associated gas continues to propel supplies in West Texas and depress prices in the region. Natural gas production nationally reached record levels around 107 Bcf/d early this year, according to Wood Mackenzie estimates. But leading exploration and production (E&P) companies, including Chesapeake Energy Corp. and EQT…

Kodiak Gas Services Inc.’s customers in the Permian Basin are clamoring for more natural gas compression as they prepare for the next wave of LNG exports, according to CEO Mickey McKee. The CEO recently discussed the uptick in demand by exploration and production (E&P) customers in announcing the latest quarterly results. The company, headquartered in…