Industry Must Spearhead Benefits of Canadian Natural Gas Exports, New LNG Canada CEO Says

LNG Canada will have the lowest greenhouse gas (GHG) intensity of any operating liquefaction plant in the world, CEO Jason Klein said, telling an industry audience they must better promote the environmental benefits of Canadian natural gas exports to get more projects off the ground. Klein, a Shell plc executive who was tapped to replace…

Natural Gas Futures Finish Volatile Week on Down Note

Natural gas futures fluctuated Friday, posting an early double-digit gain before dropping deep in the red by midday amid profit-taking to close out the week. The June Nymex gas futures contract ultimately settled at $7.663/MMBtu, down 7.6 cents day/day. July declined 7.0 cents to $7.765. At A Glance: Traders take profits to close week Cooling…

May 16, 2022

PDC Eyeing Double-Digit Oil, Natural Gas Output Growth

Denver-based PDC Energy Inc. earlier this month closed on its $1.3 billion acquisition of crosstown independent Great Western Petroleum LLC and is forecasting production growth of as much as 23% by the end of June “We’re ready to start this integration,” CEO Bart Brookman told analysts during the earnings call for the first quarter. PDC…

May 16, 2022

Archaea Builds RNG Development List, Looking for More Long-Term Contracts

Archaea Energy Inc. spent the first three months of the year adding renewable natural gas (RNG) assets and projects to boost its production nine-fold within the next six to eight years. The Houston-based RNG producer, which is majority owned by Rice Investment Group, is still relatively fresh from its merger with Aria Energy LLC last…

May 16, 2022

Heat Seen Driving Strong Power Burns Over Weekend as Natural Gas Climbs Early

With conditions seen favoring robust cooling demand heading into the summer, natural gas futures climbed in early trading Monday. The June Nymex contract was up 16.9 cents to $7.832/MMBtu at around 8:40 a.m. ET. July was up 17.2 cents to $7.937. Strong power generation demand recently, driven by heat in the southern Lower 48 and…

May 16, 2022