EIA storage April 30

Weekly Natural Gas Prices Post Modest Gain, Lifted by Early Surge

Weekly natural gas cash prices gained ground amid seasonally cool temperatures and corresponding heating needs in the Midwest and Northeast. Spot prices jumped early, climbing 14.0 cents on Monday and laying a strong foundation for the week ahead. Though prices lost momentum as the week wore on, NGI’s Weekly Spot Gas National Avg. for the…

Cyberattack Forces Colonial Pipeline to Shut Down, Raising East Coast Fuel Shortage Worries

Citing a cybersecurity attack, Colonial Pipeline Co., which transports more than 100 million gallons of fuel daily, temporarily shut down its refined products pipeline system that spans more than 5,500 miles. The company, based in Georgia, said in a statement this weekend that it was the victim of a ransomware attack that infiltrated some of…

May 9, 2021

TC Says Virus-Related Delays Still Hindering Coastal GasLink, Mexico’s Villa De Reyes Projects

TC Energy Corp. said the pandemic continues to inflict headaches on the biggest project under construction, the Coastal GasLink supply line  designed to feed liquefied natural gas (LNG) supply for the Royal Dutch Shell plc-led LNG Canada project in northern British Columbia. “We continue to expect project costs to increase significantly along with a delay…

May 9, 2021

Whiting Sees Commodity Prices Strengthen, but Bakken Oil Output Down and Natural Gas, NGLs Flat from Year Ago

Bakken Shale producer Whiting Petroleum Corp. posted higher 1Q2021 revenues despite lower production as commodity prices strengthened. Output declined in the first quarter to 8.1 million boe from 8.44 million boe in 4Q2020. Natural gas production totaled 10.3 Bcf compared to 10.7 Bcf in 4Q2020, while natural gas liquids (NGL) output rose slightly to 1.56…

May 9, 2021

Permian Pure-Plays Laredo, Centennial See Production Back on Track Post-Uri

Permian Basin pure-plays Laredo Petroleum Inc. and Centennial Resource Development Inc. each reported production impacts from the freezing weather wrought by Winter Storm Uri during February, but the storm also resulted in a sharp uptick in revenue from selling more oil and gas.  Tulsa,OK-based Laredo reported Permian volumes were down year/year at 78,989 boe/d from…

May 8, 2021