Story of the day
February Natural Gas Futures Tick Lower Despite LNG Momentum, Production Risks
LNG
U.S. Seen Gaining Momentum in 2022 on Imperative to Better Measure LNG Emissions
The liquefied natural gas (LNG) industry is poised for a milestone year on the path toward establishing emissions measurements across the value chain, particularly in the United States, where suppliers have made progress in a way that could give them a commercial advantage.
January 14, 2022
Markets
Weekly Natural Gas Cash Prices Ride Wave of Wintry Weather to 2022 High
Weekly natural gas cash prices extended a January rally ahead of the holiday weekend, buoyed by bouts of freezing weather, robust heating demand and winter-induced production curtailments. NGI’s Weekly Spot Gas National Avg. for the Jan. 10-14 period advanced 78.5 cents to $5.950. A week earlier, the average soared $1.180. Hubs throughout the Midwest and…
January 14, 2022
Regulatory
Column: Mexico’s Electricity Reform Would Lead to More, Not Less, Reliance on NatGas Imports
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The year 2022 is littered with risk for economic activity in Mexico. The persistence of an inflationary environment, the expectation of meager…
January 14, 2022
Infrastructure
Senate Votes Against Nord Stream 2 Sanctions as Political Tensions and European Prices Continue to Rise
Russian aggression toward Ukraine continued to stress European alliances and global natural gas prices Friday following the defeat of sanctions for the 5.3 Bcf/d Nord Stream 2 (NS2) pipeline in the Senate. The sanctions – brought by Sen. Ted Cruz (R-Texas) Thursday night as part of a deal with Sen. Majority Leader Chuck Schumer (D-New…
January 14, 2022
M&A
U.S. Upstream Dealmaking Fueled by Permian, Haynesville
The Permian Basin and natural gas-rich Haynesville Shale accounted for nearly all of the upstream transactions in the final three months of 2021, but dealmaking overall was down sharply from the third quarter, Enverus reported. The value of Lower 48 merger and acquisition (M&A) activity between exploration and production (E&P) companies totaled $9 billion in…
January 14, 2022
E&P
U.S. Drilling Total Increases by Double Digits as Activity Climbs in Eagle Ford, Haynesville
On the strength of sharp gains in the Eagle Ford and Haynesville shales, the U.S. rig count surged 13 units higher to 601 for the week ended Friday (Jan. 14), according to the latest numbers from Baker Hughes Co. (BKR). Net gains in the United States included 11 oil-directed rigs and two natural gas-directed rigs,…
January 14, 2022
E&P
Permian, Eagle Ford Counties and School Districts Top Texas Property Tax Receipt Rankings
Texas’ oil and natural gas industry paid $15.8 billion in state and local taxes and state royalties in Fiscal Year (FY) 2021, with school districts and counties in the Permian Basin and Eagle Ford Shale the top beneficiaries, according to the Texas Oil and Gas Association (TXOGA). “Despite an incredibly difficult two years, the Texas…
January 14, 2022
Oil
Harvest Midstream Expanding Eagle Ford Oil Services with Arrowhead Acquisition
Harvest Midstream is poised to take full ownership of some South Texas crude oil transportation and logistics assets as it seeks to expand services for upstream and downstream customers in the Eagle Ford Shale. The privately held midstream company announced a purchase and sale agreement to acquire the remaining 75% stake in Arrowhead ST Holdings…
January 14, 2022
Regulatory
IEA Urges ‘Deep Decarbonization’ of Canada’s Natural Gas, Oil Industry
The International Energy Agency (IEA) is urging the Canadian government to require “deep decarbonization” in the country’s oil and natural gas industry. “Global markets will progressively demand cleaner fuels and will discriminate in favor of more carbon-competitive products,” said the global energy watchdog in a 261-page report issued on Thursday. “Canada is the fourth largest…
January 13, 2022Recent News
Regulatory
Column: Mexico’s Electricity Reform Would Lead to More, Not Less, Reliance on NatGas Imports
Jan 14, 2022
Natural Gas Prices
Natural Gas Forwards Fly High on January Cold, But Volatile Futures Flounder
Jan 14, 2022
Infrastructure
Senate Votes Against Nord Stream 2 Sanctions as Political Tensions and European Prices Continue to Rise
Jan 14, 2022
Daily Gas Price Index
As one of only two price reporting agencies that include ICE trade data to determine natural gas price indexes, NGI delivers robust indexes at a competitive price.
• Daily physical spot natural gas price indexes at 170+ locations
• News and analysis of key market events
• Daily breakdown of physical market natural gas price activity
Markets
February Natural Gas Futures Tick Lower Despite LNG Momentum, Production Risks
Natural gas futures trended lower early Friday amid hints of long-range warmth but ultimately finished nearly flat as cash markets and export demand held strong. The February Nymex gas futures contract settled at $4.262/MMBtu, down eight-tenths of a cent day/day. March, however, gained 7.6 cents to $4.081. At A Glance: Cold front looms but may…
January 14, 2022Natural Gas Prices
Natural Gas Forwards Fly High on January Cold, But Volatile Futures Flounder
January 14, 2022Mexico Gas Price Index
Daily news and natural gas pricing information service focused on price transparency in Mexico.
• Experienced insight into Mexican regulatory requirements, process guidelines and governmental oversight
• Regular interviews with Mexico natural gas subject matter experts
• NGI-calculated cost-plus-transport pricing, as well as official IPGN pricing
Regulatory
Column: Mexico’s Electricity Reform Would Lead to More, Not Less, Reliance on NatGas Imports
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The year 2022 is littered with risk for economic activity in Mexico. The persistence of an inflationary environment, the expectation of meager…
January 14, 2022Markets
Impending Cold Blast in Texas Spelling Natural Gas Volatility – Mexico Spotlight
January 13, 2022Shale Daily
Impactful news and transparent pricing for shale and unconventional plays across the U.S. and Canada.
• Natural gas prices at 20+ North American shale basins and unconventional plays
• Quickly understand major factors affecting on of the world’s largest natural gas supplies
• On-the-ground news coverage of crucial market events impacting supply and demand fundamentals
Oil
Harvest Midstream Expanding Eagle Ford Oil Services with Arrowhead Acquisition
Harvest Midstream is poised to take full ownership of some South Texas crude oil transportation and logistics assets as it seeks to expand services for upstream and downstream customers in the Eagle Ford Shale. The privately held midstream company announced a purchase and sale agreement to acquire the remaining 75% stake in Arrowhead ST Holdings…
January 14, 2022