Story of the day
Natural Gas Futures Prices Flip Lower Following Signs of Strong Supply, Benign Weather Forecasts
LNG
All Eyes on LNG as Natural Gas Market Seen Well Supplied Heading into Winter
LNG export demand is the primary variable to watch in the U.S. natural gas market heading into winter, according to Marex North America LLC’s Steve Blair, senior account executive. The veteran natural gas futures broker joined NGI Senior Markets Editor Kevin Dobbs on NGI’s Hub and Flow podcast to discuss the outlook for U.S. supply,…
September 20, 2023
E&P
Permian, Eagle Ford and Powder River Requests to Develop Natural Gas, Oil Declining
Permits to develop natural gas and oil in the Lower 48 slumped in August, with the biggest operating area, the Permian Basin, off by double-digits from July and 12% year-to-date. “Permian permitting continues to slow,” down by 407 or 37% month/month (m/m), with year-to-date permits declining by 820, according to Evercore ISI analysts led by…
September 20, 2023
E&P
Mexico’s Pemex Secures $9.8B Offshore Development Plan Approval
Regulators in Mexico approved a modified development plan submitted by state oil company Petróleos Mexicanos (Pemex) for the Maloob shallow water field. Pemex expects capital expenditures (capex) to total $9.8 billion between 2023 and 2034 at Maloob, which is part of the Ku-Maloob-Zaap complex. Operating expenditures are expected to reach $4.36 billion, bringing total investment…
September 20, 2023
Regulatory
House Taking Aim at Federal Oversight of Natural Gas Export Projects
Legislation aimed at clearing a path for LNG export projects by restraining Department of Energy (DOE) oversight is under fire from the Biden administration after committee discussions Monday. House Bill 1130, authored by Ohio Republican Rep. Bill Johnson, would amend the Natural Gas Act (NGA) requirement that U.S. liquefied natural gas projects be determined as…
September 20, 2023
Energy Transition
Puget Sound Energy Launches Electrification Pilot for Natural Gas Customers
Puget Sound Energy (PSE), which serves western Washington, has launched a pilot program for around 10,000 of its natural gas customers to transition to sustainable electric technologies for heating and cooling. The program would offer incentives that include electric heat pumps and technologies to aid in the state’s ambition to become carbon-neutral by 2045. PSE’s…
September 20, 2023
LNG
Trinidad and Tobago Striving to Maintain Top Spot in Regional LNG Sendout
Shell plc is advancing its 2.7 Tcf Manatee offshore development in the waters off Trinidad and Tobago. Trinidad and Tobago’s Prime Minister Keith Rowley last week said the project was going ahead as the dual island nation attempts to up domestic gas production to feed its flagship Atlantic LNG export facility. One of Atlantic LNG’s…
September 19, 2023
LNG
EQT Sets Tentative Tolling Capacity Deal at Commonwealth LNG in Louisiana
EQT Corp. has signed a tentative 15-year tolling agreement with the proposed Commonwealth LNG export terminal in Louisiana to liquefy 1 million metric tons/year (mmty) of the super-chilled fuel that the top producer can sell on international markets. The heads of agreement (HOA) builds on another agreement EQT signed to liquefy 1 mmty at the…
September 19, 2023
Bakken Shale
North Dakota Hits Record Natural Gas Production Amid Infrastructure Issues, Low Prices
North Dakota achieved record natural gas production of 3.29 Bcf/d in July, up 1.3% from June, according to the state’s Department of Mineral Resources (DMR). Producers managed to capture and put to market 96% or 3.15 Bcf/d of the output, also an all-time high, highlighted DMR’s Lynn Helms, Oil and Gas Division director. He hosted…
September 18, 2023
Energy Transition
Future of Canada’s Natural Gas, Oil Industry Debated by National, Alberta Leaders
Canadian leaders traded barbs on Monday about the future of the nation’s natural gas and oil at international conferences in Calgary and in New York City At the World Petroleum Conference in Calgary, Alberta Premier Danielle Smith repeated a vow to cut greenhouse gas (GHG) emissions but said the province’s gas and oil production was…
September 19, 2023Recent News
Energy Transition
Puget Sound Energy Launches Electrification Pilot for Natural Gas Customers
Sep 20, 2023
Markets
Natural Gas Futures Rally Second Day Amid Softer Supplies; Spot Prices Level Off
Sep 19, 2023
Energy Transition
Future of Canada’s Natural Gas, Oil Industry Debated by National, Alberta Leaders
Sep 19, 2023
Daily Gas Price Index
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Markets
Natural Gas Futures Prices Flip Lower Following Signs of Strong Supply, Benign Weather Forecasts
Natural gas futures snapped a two-day rally with a sharp drop on Wednesday as markets shifted focus to mild weather and persistently strong production. The October Nymex gas futures contract settled at $2.733/MMBtu, down 11.5 cents day/day. November fell 10.5 cents to $2.921. At A Glance: 60s Bcf injection projected Weather demand fades Output holds…
September 20, 2023E&P
Permian, Eagle Ford and Powder River Requests to Develop Natural Gas, Oil Declining
September 20, 2023Mexico 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
E&P
Mexico’s Pemex Secures $9.8B Offshore Development Plan Approval
Regulators in Mexico approved a modified development plan submitted by state oil company Petróleos Mexicanos (Pemex) for the Maloob shallow water field. Pemex expects capital expenditures (capex) to total $9.8 billion between 2023 and 2034 at Maloob, which is part of the Ku-Maloob-Zaap complex. Operating expenditures are expected to reach $4.36 billion, bringing total investment…
September 20, 2023Natural Gas Prices
October Natural Gas Futures Sustain Momentum on Supply Uncertainty
September 20, 2023Shale 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
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Markets
Natural Gas Futures Prices Flip Lower Following Signs of Strong Supply, Benign Weather Forecasts
Natural gas futures snapped a two-day rally with a sharp drop on Wednesday as markets shifted focus to mild weather and persistently strong production. The October Nymex gas futures contract settled at $2.733/MMBtu, down 11.5 cents day/day. November fell 10.5 cents to $2.921. At A Glance: 60s Bcf injection projected Weather demand fades Output holds…
September 20, 2023E&P