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Kevin Dobbs

Kevin Dobbs joined the staff of NGI in April 2020. Prior to that, he worked as a financial reporter and editor for S&P Global Market Intelligence, covering financial companies and markets. Earlier in his career, he served as an enterprise reporter for the Des Moines Register. He has a bachelor's degree in English from South Dakota State University.

Kevin Dobbs's avatar

Senior Editor, Markets | Sioux Falls, SD

@KNatgas

email kevin.dobbs@naturalgasintel.com

Potentially ‘Extraordinary’ Hurricane Season Nears, with Natural Gas Demand and Prices Said Vulnerable

Potentially ‘Extraordinary’ Hurricane Season Nears, with Natural Gas Demand and Prices Said Vulnerable

If forecasts prove accurate, natural gas production and demand could each prove susceptible to an exceptionally active hurricane season – though the latter is likely more vulnerable, analysts said. The National Oceanic and Atmospheric Administration (NOAA) said in its May outlook that it predicted eight to 13 hurricanes and 17 to 25 named storms. When…

May 30, 2024
Natural Gas Prices Rally in Key Production Regions to Launch June Bidweek Trading as Summer Nears

Natural Gas Prices Rally in Key Production Regions to Launch June Bidweek Trading as Summer Nears

Natural gas prices pushed higher in key regions during the first day of June bidweek trading on Friday as production leveled off below 100 Bcf/d, storage surpluses narrowed and forecasts pointed to a hot start to summer. NGI’s Bidweek Alert (BWA) showed strength from Texas to the Rockies – important production regions – to kick…

May 24, 2024
West Texas Natural Gas Prices Recover as South Central Storage Surplus Narrows

West Texas Natural Gas Prices Recover as South Central Storage Surplus Narrows

As summer-like heat settles across Texas and neighboring states – and production in the region levels off – South Central natural gas storage surpluses are steadily narrowing. Inventories in the region were 21% above the five-year average as of May 17, according to the latest U.S. Energy Information Administration (EIA) data released Thursday. That was…

May 24, 2024
Canadian Natural Gas E&Ps, Midstreamers Focus on Demand Catalysts

Canadian Natural Gas E&Ps, Midstreamers Focus on Demand Catalysts

Natural gas exploration and production (E&P) firms and midstream companies in Canada expect to continue driving and delivering strong volumes of output. Their high expectations for demand growth outshined weak prices to begin 2024. Such was a prevailing theme of companies active in Western Canada’s natural gas complex during first quarter earnings season. The demand…

May 23, 2024
Phillips 66 Pursues $550M Acquisition to Expand Natural Gas Operations in Permian Midland

Phillips 66 Pursues $550M Acquisition to Expand Natural Gas Operations in Permian Midland

Phillips 66 agreed to acquire Pinnacle Midland Parent LLC in an all-cash deal that would expand its natural gas gathering and processing operations in West Texas. The Houston-based company agreed to pay $550 million to acquire Pinnacle from private equity firm Energy Spectrum Capital in a deal expected to close around mid-year. The acquisition would…

May 22, 2024
Canadian Fires Present Wildcard for Natural Gas Production, Imports to Western U.S. and Prices

Canadian Fires Present Wildcard for Natural Gas Production, Imports to Western U.S. and Prices

Following a record-setting outbreak in 2023, a fast start to the wildfire season is already threatening interruptions to Canada’s largest crude oil production region. Blazes in the western reaches of the country, if not contained, could also hamper natural gas output in a potential replay of last summer. Impacts to either would present possible implications…

May 20, 2024
Lower Natural Gas Prices and Curbed Inflation Set Stage for Infrastructure-Supportive Interest Rate Cuts

Lower Natural Gas Prices and Curbed Inflation Set Stage for Infrastructure-Supportive Interest Rate Cuts

Natural gas prices are on the rise in May, but they are coming off some of the lowest levels of the decade in April, as well as weakness through most of 2024. This sapped the will of natural gas bulls for a stretch. However, the price slump dropped consumer heating bills over the past winter…

May 17, 2024
Natural Gas Futures, Spot Prices Advance as Southern Heat Takes Root, Production Slows

Natural Gas Futures, Spot Prices Advance as Southern Heat Takes Root, Production Slows

Natural gas futures on Tuesday rallied amid forecasts for strong Southern heat, continued light production estimates and expectations for a bullish government inventory print. At A Glance: Heat forecast to spread Production below 96 Bcf/d Bullish injection expected The June Nymex gas futures contract settled at $2.416/MMBtu, up 7.2 cents day/day. NGI’s Spot Gas National…

May 15, 2024
After Hitting Three-Month High, Profit-Taking Saps Natural Gas Futures; Waha Cash Prices Flip Positive

After Hitting Three-Month High, Profit-Taking Saps Natural Gas Futures; Waha Cash Prices Flip Positive

Natural gas futures floundered on Tuesday as traders took profits and ongoing maintenance projects called into question the timing of a full rebound in export demand. At A Glance: Production near 97 Bcf/d Export demand mixed Strong Southern heat Coming off a 12.9 cent jump on Monday and a 5% rally last week, the June…

May 14, 2024
Natural Gas Futures, Spot Prices Relaunch Bull Parade as Summer Heat Nears

Natural Gas Futures, Spot Prices Relaunch Bull Parade as Summer Heat Nears

Natural gas futures rallied anew on Monday against a backdrop of looming summer weather, lighter production and an improving storage situation. At A Glance: Temperatures mount in South Production around 98 Bcf/d NGI models 75 Bcf injection After gaining 5% last week – despite a drop Friday – the June Nymex gas futures contract on…

May 13, 2024
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