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Devon Supporting Efforts to Sanction Another Permian Natural Gas Pipe, Says CFO
Markets
Weekly Natural Gas Spot Prices, Futures Advance Amid Lighter Production, Looming Demand
Weekly natural gas cash prices pushed upward, supported by lower production activity and forecasts for intensifying heat. Those catalysts also bolstered futures. NGI’s Weekly Spot Gas National Avg. for the April 30-May 3 period rose 15.5 cents to $1.385/MMBtu. As the trading week closed, leading gainers included Florida Gas Zone 3, up 36.0 cents to…
May 3, 2024Markets
Natural Gas Futures Mount Win Streak Amid Lower Production, Impending Heat and Short Covering
Natural gas futures forged ahead on Friday, building on the strong gains of the prior session as production held at lighter levels and forecasters continued to call for a hot summer ahead. At A Glance: Production below 99 Bcf/d Heat looms for late May Mixed views on inventories After gaining 10.3 cents on Thursday, the…
May 3, 2024E&P
U.S. Land Oil, Gas Permitting Ticked Higher in March, but Still Off from Year Ago
Lower 48 oil and gas permitting requests increased in March, up 26% over February, according to a compilation of federal and state data compiled by Evercore ISI. The analyst firm reported that 3,418 permits were issued in March versus 2,719 in February. The overall permit total this year, though, remained 1,018 lower than in March…
May 3, 2024Earnings
TC Energy Advances Southeast Gateway Pipeline Offshore Mexico
TC Energy Corp. has completed the northern portion of its Southeast Gateway natural gas offshore pipeline project that would supply underserved areas along the Yucatán Peninsula. Management for the Calgary-based pipeline giant provided updates on major projects during a first-quarter earnings call Friday. In Mexico, TC has installed more than 70% of the offshore pipe…
May 3, 2024Trending News
