Story of the day
Traders Mull Less Intense August Heat as Natural Gas Futures Called Slightly Higher
Markets
Natural Gas Futures, Cash Prices Recover as Production Nosedives
After holding steady for several days, production took a tumble on Tuesday and drove a swift rebound for natural gas futures. The Nymex September gas futures contract settled 24.4 cents higher day/day at $7.833/MMBtu. October futures climbed 24.7 cents to $7.825. Cash prices also recovered some of the prior days’ losses despite thunderstorms set to…
August 9, 2022
E&P
Williams, PennEnergy Move Certified Appalachian Natural Gas to Growing Domestic, LNG Markets
Williams is partnering with PennEnergy Resources LLC to market and deliver certified natural gas from the Appalachian Basin to meet growing demand in the United States and beyond. Through its Sequent business unit, purchased from Southern Co. in 2021, Williams is building a marketing portfolio to sell the low-carbon natural gas to utilities, LNG export…
August 9, 2022
E&P
Oxy’s Hollub Says ‘Good Things’ in Senate Bill for E&Ps, CCUS
The sweeping Inflation Recovery Act, which cleared the Senate over the weekend, offers many positives for the energy sector, according to Occidental Petroleum Corp. CEO Vicki Hollub. Houston-based Oxy, as it is better known, held its second quarter conference call Thursday, helmed by Hollub and her executive team. The exploration and production (E&P) independent has…
August 9, 2022
Infrastructure
TSA’s Pipeline Security Revamp – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow, which discusses a proverbial pipeline cybersecurity pat-down ordered by the federal Transportation Security Administration, aka TSA. In the podcast, Emily Mallen – Washington, DC-based pipeline regulatory attorney with Sidley Austin LLP – offers insights on what recent action on cybersecurity by TSA…
August 9, 2022
Mexico
Sempra Eyeing Potential Participation in Three Mexico LNG Projects
San Diego-based Sempra’s whirlwind of LNG and equity agreements includes the potential to develop up to three different natural gas export projects on Mexico’s Pacific coast. CEO Jeff Martin said last week that “significant growth drivers” were influential for the Sempra Infrastructure subsidiary formed last year to expand liquefied natural gas exports, net-zero fuels and…
August 9, 2022
International
Delfin, Centrica Outline Terms for Supply Deal in Latest Boost for FLNG Project
Delfin Midstream Inc. has reached a tentative deal to supply 1 million metric tons/year (mmty) of LNG from its proposed floating offshore production facility in the Gulf of Mexico to UK utility Centrica plc as Europe continues efforts to secure more energy. The non-binding heads-of-agreement covers liquefied natural gas deliveries on a free-on-board basis for…
August 9, 2022
Earnings
Crescent Point Generating Kaybob Duvernay Efficiencies as Inflation Threats Eyed
Calgary-based Crescent Point Energy Corp. is focused on producing liquids from the Kaybob Duvernay formation while working to control continued supply chain issues through efficiencies, management said. The independent issued its 2Q2022 results in late July, noting it has a wary eye on the inflation threats to profitability. “The company has controlled a significant portion…
August 9, 2022
Earnings
Keyera Gaining New KAPS Partner Following Competition Board Investigation
Calgary-based Keyera Corp., whose massive pipeline system intended to move liquids from the Montney Shale is 70% complete, is awaiting a new partner to potentially take half-ownership in the project after the Competition Board of Canada ordered a partner’s sale. CEO Dean Setoguchi, who discussed second quarter results during a conference call, said the Competition…
August 9, 2022
Earnings
SM Energy’s Austin Chalk Output Solid, with More Wells Turning to Sales
SM Energy Co.’s oil and gas production outperformed expectations in the second quarter, with CEO Herb Vogel highlighting the “high quality” of the Austin Chalk results in South Texas. Forty-six Austin Chalk wells scored strong initial production rates over 30 days (IP30). Vogel said the “South Texas operations continued strong through the quarter.” Production volumes…
August 9, 2022Recent News
Markets
Traders Mull Less Intense August Heat as Natural Gas Futures Called Slightly Higher
Aug 10, 2022
Earnings
Crescent Point Generating Kaybob Duvernay Efficiencies as Inflation Threats Eyed
Aug 9, 2022
Natural Gas Prices
Henry Hub Forecast to Average $7.54/MMBtu Through December; Outsized Heat Driving Power Burns, Says EIA
Aug 9, 2022
International
Delfin, Centrica Outline Terms for Supply Deal in Latest Boost for FLNG Project
Aug 9, 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.
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Earnings
DCP Midstream Sees Permian-Led Production Increases
DCP Midstream LP’s sees natural gas production levels rising, especially in the Permian Basin, and commodity prices remaining strong into 2023, supporting its “disciplined” strategy for capital expenditures. During a second quarter conference call, the Denver-based management team said the natural gas gathering and processing (G&P) business led it to record earnings. CFO Sean O’Brian…
August 10, 2022Markets
Traders Mull Less Intense August Heat as Natural Gas Futures Called Slightly Higher
August 10, 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
Mexico
Sempra Eyeing Potential Participation in Three Mexico LNG Projects
San Diego-based Sempra’s whirlwind of LNG and equity agreements includes the potential to develop up to three different natural gas export projects on Mexico’s Pacific coast. CEO Jeff Martin said last week that “significant growth drivers” were influential for the Sempra Infrastructure subsidiary formed last year to expand liquefied natural gas exports, net-zero fuels and…
August 9, 2022Natural Gas Prices
Cooling August Forecast Sends Natural Gas Futures Lower; Cash Keeps Sliding Too
August 9, 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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Earnings
Crescent Point Generating Kaybob Duvernay Efficiencies as Inflation Threats Eyed
Calgary-based Crescent Point Energy Corp. is focused on producing liquids from the Kaybob Duvernay formation while working to control continued supply chain issues through efficiencies, management said. The independent issued its 2Q2022 results in late July, noting it has a wary eye on the inflation threats to profitability. “The company has controlled a significant portion…
August 9, 2022