appalachia price graph

Equinor’s Ohio Natural Gas Output Certified; Ascent Monitoring Methane

Equinor ASA’s natural gas production in the Appalachian Basin of Ohio has been certified as responsibly developed by Equitable Origin (EO). About 135 MMcf/d is actively produced by Equinor US in Monroe County. The third-party review covered Equinor’s “entire U.S. onshore natural gas production, encompassing 51 producing wells on 13 well pads at the time…

Shell Says LNG Trading in 3Q Sharply Down in ‘Volatile and Dislocated Market’

Market turmoil amid geopolitical standoffs and global inflation is forecast to result in “significantly lower” LNG trading results for the third quarter, Shell plc said Thursday. In a snapshot of quarterly results, the supermajor outlined preliminary numbers, including for its Integrated Gas division, which includes liquefied natural gas trading. Price volatility and higher delivery costs…

October 6, 2022

Suncor Selling Wind, Solar Assets to Focus on Oilsands, CCS and Hydrogen

Suncor Energy Inc. plans to sell its wind and solar portfolio for C$730 million ($547 million) to a subsidiary of Calgary-based Atco Industries Inc. Suncor CEO Kris Smith said the transaction with Canadian Utilities Ltd. (CUL) “streamlines our portfolio” to focus on oilsands, refining, hydrogen, renewable fuel, and carbon capture and storage (CCS). CUL Vice…

October 6, 2022

EIA’s ‘Not Bullish’ 129 Bcf Storage Injection Fails to Stop Natural Gas Futures Rally

The Energy Information Administration (EIA) said natural gas inventories rose by 129 Bcf for the week ending Sept. 30, once again surpassing consensus estimates ahead of the report. Nymex natural gas futures were trading about 4.0 cents higher at around $6.970 in the minutes leading up to the EIA report, then slipped modestly as the…

October 6, 2022

Natural Gas Futures Extend Gains, but Hefty Storage Builds Could Halt Rally

Natural gas futures continued to climb on Wednesday despite starkly bearish near-term fundamentals, including the potential for a record fall storage injection. After hitting a $7.022/MMBtu intraday high, though, the Nymex November gas futures contract settled Wednesday at $6.930, up only 9.3 cents day/day. December futures climbed 6.2 cents to $7.236. Spot gas prices continued…

October 6, 2022