Kevin Dobbs

Upstream oil and natural gas employment in Texas totaled 198,700 jobs in March, up by 1,500 positions from the prior month and up by 20,000 year/year, the Texas Independent Producers and Royalty Owners Association (TIPRO) said in a new report. The gain from a year earlier included an increase of 1,100 jobs in oil and…

Baseload natural gas prices for May remained under pressure relative to benchmark Henry Hub as bidweek trading commenced on Monday, hindered by benign weather and continued strong production levels. Weakness was pronounced in the nation’s midsection, according to NGI’s Bidweek Alert (BWA), with prices low across the Midwest and Midcontinent. Chicago Citygate basis was trading…

The global midstream energy industry is likely to expand only modestly through 2023 and next year, given slumping natural gas prices and stubbornly high inflation, according to Moody’s Investors Service. The rating agency’s research arm, in a new outlook, emphasized the modest growth would follow strong performances across 2022, a year in which energy demand…

Overall natural gas demand slipped in the first quarter and prices dropped, but Kinder Morgan Inc. (KMI) said its natural gas pipeline business forged ahead and fueled earnings amid a shortage of new infrastructure that maximized the value of its existing network. “The world needs reliable and affordable energy to advance human development, and it…

U.S. Pacific regional storage facilities, in contrast to the rest of the Lower 48, limped to the end of winter withdrawal season with the lightest level of natural gas inventories in more than a decade, an analysis by East Daley Analytics found. While weather proved seasonally mild across much of the country in early 2023,…

U.S. associated natural gas output – a byproduct of oil production – is expected to grow through 2050, continuing and amplifying a long-term trend, according to a federal outlook. The Energy Information Administration (EIA) said in a research note this month that, in its benchmark scenario that considers only the laws and regulations adopted through…

Energy and environment ministers from the Group of Seven (G7) economically advanced nations, including the United States, agreed to ramp up electricity generated by renewable energy sources to accelerate the transition away from fossil fuels. Yet the ministers, recognizing global demand shifts amid Russia’s war in Ukraine and the particular energy needs of meeting host…

Mild winter temperatures across much of the central and eastern United States reduced heating demand and dropped domestic natural gas consumption to the lowest levels in years.  Following a cold start to winter last December, benign weather prevailed over the first two months of this year. As a result, in January, U.S. natural gas consumption…

Natural gas prices, under persistent downward pressure early in 2023 amid stout supplies and weak demand, dropped in March more than any other category measured by the federal government’s key inflation reading. Slumping prices – both in the futures and cash markets – resulted in a 7.1% drop in consumer natural gas prices in March…