Morgan Evans joined NGI as an interning associate reporter in June 2019 before joining the Thought Leaders team in a full-time position in May 2022. She holds a liberal arts degree from Gettysburg College.
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Articles from Morgan Evans
Senate Confirmation of Biden’s FERC Nominees Appears on Track Following Hearing
Nominees to fill three FERC vacancies said they would put energy affordability and reliability above other concerns if selected for the positions. They also said a buildout of natural gas infrastructure may be needed to support the growing energy needs of the United States. The Senate Committee on Energy and Natural Resources last week questioned…
Sustainability Targets, Customer Interest Driving Natural Gas Utilities to RNG
Natural gas utilities are growing renewable natural gas (RNG) programs to meet sustainability goals and customer interest. At the other end of the supply chain, producers are working to complete projects and boost supplies of the low-carbon fuel. NGI reviewed the fourth quarter 2023 results for some of the top players in the RNG industry…
SilverBow Reviewing Kimmeridge Proposal to Form Biggest Eagle Ford Pure-Play
SilverBow Resources Inc.’s board plans to “carefully review and consider” a proposal from activist investor Kimmeridge Energy Management LLC to merge its natural gas production subsidiary in a tie-up that could become the largest South Texas exploration and production company. In a letter to shareholders, Kimmeridge proposed to merge Kimmeridge Texas Gas LLC (KTG) into…
TC Offloading New England Natural Gas System to Advance Strategy
TC Energy Corp. has inked a $1.14 billion agreement to sell the Portland Natural Gas Transmission System (PNGTS) to BlackRock Inc. and Morgan Stanley Infrastructure Partners as it pares debt and streamlines its North American pipeline business. The Calgary-based pipeline giant holds 61.7% ownership of PNGTS, a 295-mile, 290 million Dth/d line. Énergir LP subsidiary…
SilverBow Cutting Natural Gas Output in Eagle Ford to Preserve ‘Valuable Inventory’
SilverBow Resources Inc. management said the Eagle Ford Shale operator is pulling back natural gas activity and investments by almost 15% in response to weak prices, but plans to ramp up activity around 2025 for Gulf Coast demand. “No doubt that 2023 and now 2024 have seen a challenging natural gas market,” said CEO Sean…
Surge in Data Center Use Lifts Domestic Utilities’ Natural Gas Projects, Spending
Utilities in the Southwest have seen business, population and technology underpinning investments in natural gas-fired generation and infrastructure, and in Texas, new legislation may be supporting plans for a build-out. NGI reviewed recent quarterly and year-end results of electric and gas utilities, in which executives pointed to growth in the customer base, as well as…
Coterra Halving Marcellus Spending, but Ready to Pivot for Natural Gas Price Recovery
Coterra Energy Inc. is “throttling back on operations” in the Marcellus Shale to start 2024, but management is “highly optimistic on the 12- to 18-month outlook” for natural gas as LNG facilities come online, CEO Tom Jorden said. The Houston-based independent plans to decrease capital expenditures (capex) in 2024 by 12% year/year to $1.75-1.95 billion…
U.S. Utilities, Industrials Seen Offsetting Gas-Fired Electric Generation Retirements
Natural gas-fired generation is forecast for roughly a 100 MW net increase this year as overall electric power plant retirements decrease to 5.2 GW, the lowest level in more than a decade, according to the U.S. Energy Information Administration (EIA). While gas-fired capacity is slated to make up the largest share (46%) of electric generation…
Matador Skirting Permian Natural Gas Constraints and Raising Output
Dallas-based independent Matador Resources Co., which works in the Permian Basin, Haynesville and Eagle Ford shales, reported record natural gas production for 2023, and it is not planning to reduce output this year, even with low prices. The independent “exceeded production expectations” for gas and oil. Output increased 38% year/year during 4Q2023, driven by the…
U.S. Utilities Expanding Infrastructure, LNG Storage Amid Surge in Energy Demand
U.S. utilities are reporting growth in residential demand, as well as commercial and industrial (C&I) consumption, underpinning investments in more natural gas-fired generation and system reliability. Atmos Energy Inc. CEO John Akers during a call to discuss the fiscal first quarter earnings highlighted capital expenditures (capex) for modernizing its natural gas distribution system to serve…