Leticia Gonzales

A consortium of oil and natural gas firms is moving forward with plans to develop a greenfield 2.5 Bcf/d intrastate natural gas pipeline from the Permian Basin in West Texas to the Katy area, near Houston. The project still needs state approvals. Sanctioning of the Matterhorn Express Pipeline was announced Thursday by partners WhiteWater Midstream…

Natural gas forwards rallied throughout the trading period ending May 18 as early-season heating demand, rising exports and production declines stoked supply concerns. June fixed prices jumped an average 64.0 cents, as did the balance of summer (June-October), according to NGI’s Forward Look. The winter 2022-2023 package (November-March) bounced an impressive 58.0 cents on average…

The electric grid operator for most of Texas expects to have sufficient resources in place to meet what it expects to be record power demand this summer. The Electric Reliability Council of Texas (ERCOT) said summer loads would likely reach 77,317 MW, which would be a new system-wide peak demand record for the region. The…

A Kinder Morgan Inc. (KMI) subsidiary has launched an open season to gauge shipper interest in expanding a pipeline system that transports natural gas from the Permian Basin to South Texas markets. Gulf Coast Express Pipeline LLC (GCX) said the expansion could boost capacity on the Permian conduit by nearly 570 MMcf/d, pending a final…

Against a backdrop of persistently wild swings, natural gas forward prices came tumbling down during the trading period from May 5-11, according to NGI’s Forward Look. June fixed natural gas prices averaged $1.130 lower on the week, with both the balance of summer (June-October) and the upcoming winter (November-March) also dropping more than $1.00, Forward…

Against a backdrop of persistently wild swings, natural gas forward prices came tumbling down during the trading period from May 5-11, according to NGI’s Forward Look. June fixed natural gas prices averaged $1.130 lower on the week, with both the balance of summer (June-October) and the upcoming winter (November-March) also dropping more than $1.00, Forward…

U.S. midstream operators are focusing on incremental additions to their natural gas infrastructure in the Haynesville Shale, Permian and Appalachia basins as quicker and lower-risk solutions to rising production growth. DCP Midstream LP is in “advanced discussions” with its partners on the Gulf Coast Express Pipeline (GCX) to bring “quick and efficient” capacity to the…

After plunging more than $1.00 on Monday, natural gas futures were down sharply again early Tuesday despite a large day/day production decline. The June Nymex futures contract was trading 35.6 cents lower at $6.670/MMBtu at around 8:50 a.m. ET. Traders appeared to be brushing off the precipitous drop in output, perhaps because most of the…

Midstream giant Williams is spending about $1.5 billion to grow its natural gas transportation capacity by nearly 2 Bcf/d over the next few years to accommodate growing demand, particularly for exports, according to management. One of the six transmission projects the Tulsa-based midstreamer is developing is a 364 MMcf/d expansion on the Transcontinental Gas Pipe…