Story of the day
Production Declines Keep Skittish Market on Edge as Natural Gas Futures Rally Early
E&P
Natural Gas Production Growth to Continue in May, Driven by Haynesville, Appalachia, Permian
The Energy Information Administration (EIA) is modeling sizable natural gas production increases from several major plays next month, including the Appalachian Basin and the Haynesville Shale. Total natural gas production from seven key onshore regions is set to climb 750 MMcf/d from May to June, reaching 91.750 Bcf/d, the agency said in its latest Drilling…
May 16, 2022
LNG
Sempra Lays Groundwork to Supply Poland with More LNG
Sempra Infrastructure said Monday it has entered a heads of agreement with Polish Oil and Gas Co. (PGNiG) to supply 3 million metric tons/year (mmty) of liquefied natural gas (LNG) from its North American export projects. Sempra said the non-binding agreement paves the way for it to negotiate 20-year deals to supply PGNiG with 2…
May 16, 2022
Other Plays
PDC Eyeing Double-Digit Oil, Natural Gas Output Growth
Denver-based PDC Energy Inc. earlier this month closed on its $1.3 billion acquisition of crosstown independent Great Western Petroleum LLC and is forecasting production growth of as much as 23% by the end of June “We’re ready to start this integration,” CEO Bart Brookman told analysts during the earnings call for the first quarter. PDC…
May 16, 2022
Earnings
Vaca Muerta Shale Driving Natural Gas Production Surge for Argentina’s YPF
U.S. onshore producers may be limiting annual production growth to 5% or less, but don’t tell that to Argentina’s 51% state-owned YPF SA. The Vaca Muerta shale play in the Neuquén Basin drove a 16% year/year increase in oil and gas output to 506,000 boe/d during the first quarter for the integrated producer. On a…
May 16, 2022
Earnings
Archaea Builds RNG Development List, Looking for More Long-Term Contracts
Archaea Energy Inc. spent the first three months of the year adding renewable natural gas (RNG) assets and projects to boost its production nine-fold within the next six to eight years. The Houston-based RNG producer, which is majority owned by Rice Investment Group, is still relatively fresh from its merger with Aria Energy LLC last…
May 16, 2022
E&P
Ovintiv Pursuing Natural Gas Price ‘Diversification,’ Citing Strong Market Fundamentals
Ovintiv Inc. is exploring options to increase the exposure of its multi-basin upstream portfolio to a dynamic global natural gas market, CEO Brendan McCracken said. The Denver-based independent works in numerous onshore plays throughout North America, including in the Montney Shale, Anadarko Basin, Permian Basin, Bakken Shale and Uinta Basin. On a call to discuss…
May 16, 2022
Markets
Natural Gas Futures Rebound Amid Smoldering Supply/Demand Imbalance Threats
Following a loss last week, natural gas futures bounced back on Monday as traders mulled reports of robust power burns and lighter production. The June Nymex contract gained 29.3 cents day/day and settled at $7.956/MMBtu. July rose 28.8 cents to $8.053. The prompt month had closed lower Friday and shed 5% the past week. NGI’s…
May 16, 2022
Energy Transition
PG&E, State of California May Pursue DOE Funds for Regional Hydrogen Hub
Pacific Gas and Electric Co. (PG&E) in early May announced it plans to run a 10-year study that will blend natural gas and green hydrogen in a standalone transmission system for potential use in storage, electric generation and vehicle fuel. The project, known as Hydrogen to Infinity, will involve PG&E and several partners – the…
May 16, 2022
E&P
Both Oil, Gas Drilling Numbers Rise as Steady Ascent for U.S. Drilling Tally Continues
With gains spread across both natural gas- and oil-directed drilling, the U.S. rig count continued its upward climb during the week ended Friday (May 13), adding nine units to reach 714, according to the latest tally from Baker Hughes Co. (BKR). Six oil-directed rigs and three natural gas-directed rigs were added in the United States…
May 13, 2022Recent News
Markets
Production Declines Keep Skittish Market on Edge as Natural Gas Futures Rally Early
May 17, 2022
Daily Gas Price Index
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Markets
Production Declines Keep Skittish Market on Edge as Natural Gas Futures Rally Early
Natural gas futures were rallying early Tuesday as a drop in the latest production estimates added to the concerns of a market already skittish over supply adequacy heading into the summer cooling season. The June Nymex contract was up 35.1 cents to $8.307/MMBtu at around 8:45 a.m. ET. July was up 34.3 cents to $8.396.…
May 17, 2022Mexico Gas Price Index
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• 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
Earnings
Vaca Muerta Shale Driving Natural Gas Production Surge for Argentina’s YPF
U.S. onshore producers may be limiting annual production growth to 5% or less, but don’t tell that to Argentina’s 51% state-owned YPF SA. The Vaca Muerta shale play in the Neuquén Basin drove a 16% year/year increase in oil and gas output to 506,000 boe/d during the first quarter for the integrated producer. On a…
May 16, 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
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E&P
Natural Gas Production Growth to Continue in May, Driven by Haynesville, Appalachia, Permian
The Energy Information Administration (EIA) is modeling sizable natural gas production increases from several major plays next month, including the Appalachian Basin and the Haynesville Shale. Total natural gas production from seven key onshore regions is set to climb 750 MMcf/d from May to June, reaching 91.750 Bcf/d, the agency said in its latest Drilling…
May 16, 2022