millenium

DT Midstream Doubling Millennium Natural Gas Pipeline Stake for $552M

DT Midstream Inc. (DTM) has inked a deal to acquire an additional 26.25% stake in the Millennium Pipeline Co. LLC., a natural gas system, for about $552 million.  The 263-mile conduit, which entered service in 2008, delivers natural gas from the Marcellus and Utica shales to utility and power plant markets across New York and…

Weekly Natural Gas Prices, Futures Falter as Hurricane Ian Douses Demand

Weekly natural gas cash prices dropped again – as they have each week in September – in the wake of demand destruction imposed by Hurricane Ian in the Southeast along with benign weather across most other regions of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Sept. 26-29 trading period for delivery…

September 30, 2022

Hurricane Ian Raises Specter of ‘Gargantuan’ Storage Injection, Weighs on Natural Gas Futures, Cash Prices

Natural gas futures stumbled on Friday as Hurricane Ian, after ravaging Florida, moved up the Atlantic and menaced Southeast coastal markets. It brought fierce winds and storm surges, curbing cooling demand and pressuring prices. At A Glance: Massive storm batters East Coast Weather-driven demand withers Production holds near 2022 high The November Nymex gas futures…

September 30, 2022

ARM Fined $200K for Failing to Register as Swap Execution Facility

Houston-based Asset Risk Management LLC (ARM) was charged with failing to register as a swap execution facility (SEF) and ordered by the Commodity Futures Trading Commission (CFTC) to pay a $200,000 penalty. ARM was ordered to cease and desist from any further violations of the Commodity Exchange Act (CEA) and regulations. “Failing to register as…

September 30, 2022

Natural Gas Activity Slows, Gains for Oil Patch in Latest Baker Count

The U.S. natural gas rig count slid one unit lower to 159 for the week ended Friday (Sept. 30), while a small increase in oil activity pushed the overall domestic tally one unit higher to 765, according to the latest numbers from Baker Hughes Co. (BKR). Total oil rigs increased by two domestically week/week. The…

September 30, 2022