Henry Hub natural gas prices may average under $2/MMBtu next year as a result of booming production, swiftly growing stockpiles and only seasonal demand from exports, according to IHS Markit’s Samuel Andrus, executive director of North American natural gas.
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Winter’s Later Start Possible Damper to U.S. Natural Gas Prices
This upcoming winter may continue a general trend of starting later in the season, with a potential “false start” that begins as the West receives the cold temperatures first and the East following later in the season, which holds implications for natural gas prices, according to WeatherBELL Analytics’ Joe Bastardi, chief meteorologist.
Industrial Demand Said ‘Unsung Hero’ of U.S. Natural Gas Demand
Investors with long positions in natural gas can take comfort in growing industrial sector demand, according to an industry veteran who spoke Monday in Chicago.
Colorado County Says New Oil, Gas Regulations Balanced but Industry Disagrees
Oil and gas industry groups in Colorado were swift in rebuking rules adopted this week by Adams County, describing them as “unreasonable” and “hasty.”
Crescent Point Tightens Portfolio with Utah, Saskatchewan Sales
Calgary-based Crescent Point Energy Corp. is continuing its organizational slim-down launched last year by inking a deal to sell Uinta Basin and Saskatchewan assets for C$912 million ($684 million) to undisclosed buyers.
Midcontinent E&Ps Zeroing In on Bakken, Oilier Parts of Oklahoma
Oil and natural gas producers with assets across the Midcontinent are tailoring capital spending to the Bakken Shale in North Dakota, as well as parts of the Anadarko Basin in Oklahoma that are higher in oil content.
Black Diamond Crude Line Doubles DJ Basin Acreage, Mulls Stake in Saddlehorn
Black Diamond Gathering LLC, a joint venture (JV) of Noble Midstream Partners LP and Greenfield Midstream LLC, has doubled its crude gathering volumes in the Denver Julesburg (DJ) Basin with a new deal, and is considering a stake in another oil pipeline that moves volumes from the Rockies to storage in Cushing, OK.
Riviera Exits Hugoton with $295M Sale
Houston-based Riviera Resources LLC has inked a deal to sell its remaining assets in the Hugoton Basin to an undisclosed buyer, marking an exit from the Kansas formation and a narrowing focus to areas of the Lower 48.
Following Oneok Spill, North Dakota to Make Incident Reports More Transparent
The North Dakota Department of Environmental Quality (NDEQ) expects to roll out changes to how spill reports are conveyed to the public within a year’s time amid renewed public scrutiny.
Arkansas Natural Gas Output Continuing to Decline
Arkansas natural gas production for July is likely to see a drop after flooding from Tropical Storm Barry worked its way across the state and into the Arkansas River Valley.