Energy Transfer and WTG combined pipeline asset map

Energy Transfer Snapping Up Permian Assets in $3.25B Deal for WTG Midstream

Energy Transfer LP is expanding its access to Permian Basin natural gas and natural gas liquids (NGL) in a $3.25 billion deal to acquire WTG Midstream Holdings LLC from a subsidiary of independent Diamondback Energy Inc. and investment firm Stonepeak. Private midstreamer WTG primarily operates in the Permian’s prolific Midland sub-basin. Through the deal, Energy…

Expiring Natural Gas Futures Gain in Consolidation with Fundamental Support; Cash Prices Up

June Nymex natural gas futures fluctuated on either side of unchanged early Tuesday and ultimately closed on the plus side as traders positioned ahead of the contract’s Wednesday expiration with fundamentals supporting. At A Glance: June up 7.0 cents July gains 5.2 cents Spot gas higher The front-month contract settled at $2.590/MMBtu, up 7.0 cents.…

May 28, 2024

June Natural Gas Bidweek Prices Keep Rally Hats On in Second Day of Trade

Baseload natural gas prices continued to move higher in Texas and Southeast in the second day of June bidweek trading Tuesday, supported by expected summer power demand and ebbing pipeline maintenance. NGI’s Bidweek Alert (BWA) showed price gains in Texas, Rockies and Southeast. Prices in the Northeast, Midwest and California weakened from the previous month.…

May 28, 2024

Asian Natural Gas Prices Continue Climb Amid Spot Buying, Supply Concerns – LNG Recap

Asian buyers are seeking more LNG spot cargoes and shoring up long-term supply while Europe awaits the impacts from further cuts of Russian natural gas imports and global terminal outages. Prices in east Asia rose to the mid-$12/MMBtu range to start off the week amid a fresh wave of spot purchases and tenders. Korea Middle…

May 28, 2024

Mexico Natural Gas Production Hits Three-Year Low as Heat Dome Strains Power Grid

Mexico’s natural gas production averaged 3.76 Bcf/d in April, versus 4.40 Bcf/d in the same month a year ago. Last month’s production was the lowest amount recorded since April 2021, data from upstream regulator Comisión Nacional de Hidrocarburos (CNH) show. State oil company Petróleos Mexicanos (Pemex) supplied 3.57 Bcf/d or 95% of the total, down…

May 28, 2024