Guadalajara ($U.S./MMBtu) Natural Gas Price Snapshot

M&A

Kinetik Holdings Inc. entered agreements for around $1 billion to expand its New Mexico operations and footprint in Permian’s Delaware sub-basin. The Permian Basin pure-play agreed to acquire Durango Midstream LLC for $315 million, with up to $75 million contingent on the final cost of Durango’s Kings Landing project in Eddy County, NM. The 200…

LNG

Sempra is betting on substantial growth in global LNG demand over the coming years despite regulatory uncertainty over the future of U.S. exports, management said. CEO Jeffrey Martin hosted a conference call to discuss first quarter 2024 earnings for the San Diego, CA-based energy firm. Through its Sempra Infrastructure unit, the company has nearly 40…

MidDay Alert

With summer cooling demand just around the corner, and with continued signs of renewed strength at a major U.S. export terminal, natural gas futures were charting another leg higher through midday trading. Here’s the latest: June Nymex futures up 12.3 cents to $2.375/MMBtu at around 2:30 p.m. ET Flows to U.S. LNG terminals surpassing 13…