Story of the day
Concerns About Cyberattack, East Coast Fuel Shortage Mount Amid Protracted Colonial Pipeline Outage
Markets
June Natural Gas Stumbles as Forecasts Point to Lighter Demand, Cyberattack Unsettles Markets
Natural gas futures gave up ground on Monday as traders mulled waning weather-driven demand and the potential implications of a cybersecurity attack on the largest fuel pipeline in the United States. The June Nymex contract dropped 2.6 cents day/day and settled at $2.932/MMBtu. July fell 2.6 to $2.978. NGI’s Spot Gas National Avg. advanced 5.5…
May 10, 2021
E&P
Bonanza, Extraction Combo Seeking to Become Colorado’s First Oil, Natural Gas Net-Zero Producer
Setting up to be Colorado’s largest pure-play, Bonanza Creek Energy Inc. and Extraction Oil & Gas Inc. have agreed to merge in an all-stock transaction valued at around $2.6 billion. The combined exploration and production (E&P) company, to be called Civitas Resources Inc., would operate across roughly 425,000 net acres in the Denver-Julesburg (DJ) Basin.…
May 10, 2021
Regulatory
FERC Revises Landowner Protections Rule for Natural Gas Projects; Danly Dissents
FERC on Friday modified its process for determining when opposed natural gas infrastructure can proceed with construction after receiving a certificate order, strengthening landowner protections while specifying exemptions to the policy. The Federal Energy Regulatory Commission’s latest order is designed to clarify the intent of last summer’s Order No. 871, a rule to prevent a…
May 10, 2021
Permian Basin
Permian Pure-Plays Laredo, Centennial See Production Back on Track Post-Uri
Permian Basin pure-plays Laredo Petroleum Inc. and Centennial Resource Development Inc. each reported production impacts from the freezing weather wrought by Winter Storm Uri during February, but the storm also resulted in a sharp uptick in revenue from selling more oil and gas. Tulsa,OK-based Laredo reported Permian volumes were down year/year at 78,989 boe/d from…
May 8, 2021
NGI All News Access
Rystad Sees Global LNG Market Flipping from Surplus to Deficit in 2029 on Mozambique LNG Delays
Anticipated delays in developing liquefied natural gas (LNG) export projects in Mozambique could cause the market to tighten even more than expected later this decade, with forecasts flipping from surplus to deficit in 2029, according to a new report from Rystad Energy. The Norwegian consultancy said it now expects a supply deficit of 5.6 million…
May 10, 2021
E&P
Whiting Sees Commodity Prices Strengthen, but Bakken Oil Output Down and Natural Gas, NGLs Flat from Year Ago
Bakken Shale producer Whiting Petroleum Corp. posted higher 1Q2021 revenues despite lower production as commodity prices strengthened. Output declined in the first quarter to 8.1 million boe from 8.44 million boe in 4Q2020. Natural gas production totaled 10.3 Bcf compared to 10.7 Bcf in 4Q2020, while natural gas liquids (NGL) output rose slightly to 1.56…
May 9, 2021
Energy Transition
Sempra’s California, Texas Utilities Focusing on Decarbonization, Regulatory Boost
Energy infrastructure holding company Sempra Energy wants its California and Texas utilities to achieve net-zero emissions by 2045, but they need some help from technology innovations and regulators, executives said. A key for California utilities, including Southern California Gas Co. (SoCalGas), is developing renewable natural gas (RNG) as a decarbonizing tool, CEO Jeff Martin said…
May 8, 2021
Mexico
Mexico Escalating ‘Discriminatory’ Actions Against U.S. Energy Companies, says API
The American Petroleum Institute (API) on Friday told the Biden administration that unfair treatment of U.S. energy companies by Mexico’s government is worsening and is likely in violation of the U.S.-Mexico-Canada-Agreement (USMCA). In a letter to cabinet officials, API CEO Mike Sommers alleged an intensifying pattern of nationalist regulatory and legislative reforms under Mexico’s firebrand…
May 10, 2021
LNG
Enbridge Sees ‘Renewed Interest’ in U.S. Gulf Crude, LNG Exports as Pandemic Fears Fade
Canadian pipeline giant Enbridge Inc. said Friday it was seeing an uptick in interest for crude and liquefied natural gas (LNG) exports from the U.S. Gulf Coast amid an anticipated global economic recovery from the Covid-19 pandemic. “Our solid regional footprint and premier North American integrated pipeline networks are ideally positioned to capitalize on these…
May 10, 2021Recent News
Regulatory
FERC Revises Landowner Protections Rule for Natural Gas Projects; Danly Dissents
May 10, 2021
NGI All News Access
Rystad Sees Global LNG Market Flipping from Surplus to Deficit in 2029 on Mozambique LNG Delays
May 10, 2021
Infrastructure
Concerns About Cyberattack, East Coast Fuel Shortage Mount Amid Protracted Colonial Pipeline Outage
May 10, 2021
Permian Basin
Permian Pure-Plays Laredo, Centennial See Production Back on Track Post-Uri
May 8, 2021Daily 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
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Energy Transition
Sempra’s California, Texas Utilities Focusing on Decarbonization, Regulatory Boost
Energy infrastructure holding company Sempra Energy wants its California and Texas utilities to achieve net-zero emissions by 2045, but they need some help from technology innovations and regulators, executives said. A key for California utilities, including Southern California Gas Co. (SoCalGas), is developing renewable natural gas (RNG) as a decarbonizing tool, CEO Jeff Martin said…
May 8, 2021Natural Gas Prices
With LNG Strength and Summer Demand Approaching, June Natural Gas Futures Bounce Back
May 7, 2021Natural Gas Prices
NGI Adopting Three-Day Natural Gas Bidweek Trading Period, Making Other Changes to Price Index Listings
May 7, 2021Mexico 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
Natural Gas Prices
Mexico Natural Gas Market Spotlight: West Coast Supporting Demand, Prices
Strong demand on Mexico’s Pacific Coast helped prop up Waha’s May bidweek price, which jumped 31.0 cents month/month to average $2.685. Spurred by new infrastructure and demand on the West Coast, Mexico imports via pipeline from the United States have been unseasonably strong, spiking to a record 7.1 Bcf/d in mid-April. Analysts at Energy Aspects…
May 6, 2021Shale 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
E&P
Whiting Sees Commodity Prices Strengthen, but Bakken Oil Output Down and Natural Gas, NGLs Flat from Year Ago
Bakken Shale producer Whiting Petroleum Corp. posted higher 1Q2021 revenues despite lower production as commodity prices strengthened. Output declined in the first quarter to 8.1 million boe from 8.44 million boe in 4Q2020. Natural gas production totaled 10.3 Bcf compared to 10.7 Bcf in 4Q2020, while natural gas liquids (NGL) output rose slightly to 1.56…
May 9, 2021Permian Basin