Leticia Gonzales

Spooked by the natural gas market’s third-largest storage withdrawal on record that took a huge bite out of the supply surplus, traders sent February baseload prices higher for several U.S. locations on the first day of bidweek trading, according to NGI’s Bidweek Alert (BWA). Gains were strongest in the West, where California’s SoCal Citygate traded…

Absent much convincing cold in the forecast – and near-record production – natural gas prices were trending lower for January baseload delivery, according to NGI’s Bidweek Alert (BWA). Notably, prices fell hardest in the West, a sharp turnaround from this time last year when Winter Storm Elliott slammed large swaths of the country ahead of…

Mach Natural Resources LP is looking to expand its footprint in the Anadarko Basin of Oklahoma with the $815 million purchase of about 62,000 net acres from private equity-backed Paloma Partners IV LLC. Under the deal announced Monday, which is expected to close by the end of December, Oklahoma City-based Mach would acquire the acreage…

The energy sector remains vulnerable to extreme cold weather and must remain steadfast in implementing the previous recommendations outlined by federal regulators to shore up reliability, particularly those addressing the interdependence of natural gas and electricity. In a final report published Tuesday on Winter Storm Elliott, which ravaged the U.S. East Coast and whose impacts…

EnLink Midstream LLC continues to see signs of an increasing need for natural gas, with the Permian Basin poised for significant growth ahead following a record quarter. Dallas-based EnLink reported that average natural gas gathering volumes in the Permian were about 6% higher sequentially and 15% higher than the prior-year quarter. Average natural gas processing…

Following a summer in which robust production helped loosen supply/demand balances, U.S. natural gas consumers are expected to see lower and more stable prices this winter, according to the American Gas Association (AGA). In its Winter Heating Outlook 2023, published Monday, AGA said home heating prices are expected to decline by an average of 21%…

Cold air and heavy snow in the Pacific Northwest provided the first dose of what may lie ahead this winter season, fueling large price gains for November baseload natural gas, according to NGI’s Bidweek Alert. Though confined to the U.S. West Coast, a multi-day stretch of well below-average temperatures over parts of the Northern Rockies…

Natural gas aided electric grid operators in California and Texas in maintaining stable operations as solar generation dropped during Saturday’s annular eclipse. For the California Independent System Operator (CAISO), total renewable energy – which includes solar and wind – had climbed to 9,919 MW by 8:40 a.m. PT but then plunged to 5,002 MW by…

Natural gas prices were mixed for October bidweek, with several U.S. markets driven higher by robust power burns, rebounding LNG demand and tightening supply/demand balances. However, a seasonal decline in temperatures and a vastly improved supply outlook in the West sent prices crashing there. As a result, NGI’s Bidweek National Avg. fell 9.5 cents month/month…