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.
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Articles from Kevin Dobbs
Pembina Agrees to Buy Enbridge’s Alliance Pipeline, Aux Sable Natural Gas Processing Facility
Enbridge Inc. said late Wednesday it planned to sell its stakes in the Alliance Pipeline and the Aux Sable natural gas liquids processing facility in the United States to Pembina Pipeline Corp. for more than US$2 billion. The deal would generate proceeds to help fund Enbridge’s efforts to acquire U.S.-based gas utilities. The Calgary-based midstream…
Slumping Natural Gas Prices Further Curb Inflation, Even as Job Growth Endures
Producers and others along the natural gas value chain are apprehensive about the substantial shift in trading momentum this year, but the sector’s price slump is playing an outsized role in drawing down inflation and easing recession worries. The U.S. Department of Labor said Tuesday its Consumer Price Index (CPI) increased at a 3.1% rate…
Permian Natural Gas Flows Reach Record Level, Curb Prices Amid Key Infrastructure Expansions
Surging production and new takeaway capacity paved a path for record-high natural gas supplies flowing from the prolific Permian Basin. A 550 MMcf/d expansion of Kinder Morgan Inc.’s (KMI) Permian Highway Pipeline (PHP) entered service at the start of this month and amplified Whistler Pipeline LLC’s recently completed 500 MMcf/d expansion in the Permian. “Permian…
Why Natural Gas Prices Keep Struggling Despite Triple-Digit Storage Pull
The heating season has arrived and utilities are drawing substantially more natural gas from storage to get furnaces cranking. But prices remain subdued. What gives? First and foremost: Natural gas production spiked about 4 Bcf/d this year and reached record levels above 106 Bcf/d in November. Output remains close to the all-time high in early…
Record Natural Gas Production, Plump Mountain Region Storage Suppress Rockies Prices
Natural gas production in the Rockies, like the country overall, is at vigorous levels this fall even as demand from western markets eases. The result: stout supplies in storage and soft prices. Mountain region inventories were 23.5% higher than the five-year average as of Nov. 24, the most recent storage update from the Energy Information…
OPEC-Plus Oil Cuts May Drive U.S. Associated Natural Gas Production Momentum, Dampen Prices
OPEC-plus, the consortium of major oil producers led by Saudi Arabia, agreed to a substantial production cut late last week that could bolster prices and fuel more demand for Permian Basin crude. This, by extension, could drive continued lofty levels of associated natural gas from the prolific basin. Associated gas, produced alongside oil, contributed to…
Weekly Natural Gas Spot Prices Slide as Demand Fades; Futures Fizzle Amid Lofty Production
Natural gas cash prices spiked early in the past week amid a blast of frigid air. But milder temperatures settled in during the weekly trading period and strong production pushed the physical market into negative territory. NGI’s Weekly Spot Gas National Avg. for the Nov. 30-Dec. 1 period shed 10.5 cents to $2.745. Conditions during…
Canadian Natural Gas Storage in Stout State, Leaving Abundant Supplies to Flow into U.S.
Interruptions imposed by western wildfires last summer aside, natural gas production in Canada has often averaged around 18 Bcf/d or higher in 2023. That’s roughly 1 Bcf/d more than the 2022 standard, according to Canada Energy Regulator data, and it comes at a time when demand has largely held flat amid mild weather. The result:…
Highly Active 2023 Hurricane Season Fails to Impact Natural Gas Production, Prices
Record-warm ocean surface temperatures fueled above-average activity during the 2023 Atlantic hurricane season. Still, the storms steered clear of the U.S. energy complex and made no lasting impact on natural gas production or prices. The National Oceanic and Atmospheric Administration (NOAA) said in a report this week that 20 official storms emerged in the Atlantic…
Natural Gas Rig Counts Stabilize and Production Powers Up, Pointing to ‘Massive’ Oversupply into 2024
The combination of relatively soft weather-driven demand and record production put the U.S. natural gas market on a path to price-pressuring oversupply well into 2024, a growing chorus of analysts cautioned in November. “We are bearish on U.S. natural gas,” Goldman Sachs Group’s Samantha Dart said bluntly. First things first: U.S. production reached record levels…