Appalachia

Frigid Forecasts Fuel February Natural Gas Forwards; Futures Prove Fickle

Frigid Forecasts Fuel February Natural Gas Forwards; Futures Prove Fickle

With the heart of the winter heating season poised to deliver impressive chills for key portions of the Lower 48, natural gas forward prices surged higher during the Jan. 5-12 trading period, though a sharp sell-off for Nymex futures Thursday suggested recent gains may have been overdone. Fixed price Henry Hub contracts for February delivery…

January 13, 2022
MVP Still Targeting Summer 2022 Start-Up Despite Latest Lawsuit

MVP Still Targeting Summer 2022 Start-Up Despite Latest Lawsuit

The 2 Bcf/d Mountain Valley Pipeline (MVP) project has received a key water quality certification (WQC) from West Virginia, but environmental groups have filed yet another lawsuit against the approval.  The pipeline would move Appalachian natural gas to the southeast via a 303-mile route through West Virginia and Virginia.  The Sierra Club and other environmental…

January 6, 2022
Appalachian Natural Gas Output Growth Said Threatened by Long-term ‘Uncertainties’

Appalachian Natural Gas Output Growth Said Threatened by Long-term ‘Uncertainties’

Higher natural gas prices were a positive for natural gas producers in the Appalachian Basin in 2021, but ongoing “uncertainties” threaten the industry’s long-term growth prospects.

January 6, 2022
UGI Snags Stonehenge’s Appalachia Midstream Assets for $190M

UGI Snags Stonehenge’s Appalachia Midstream Assets for $190M

A UGI Corp. subsidiary is expanding its footprint in Appalachia with the $190 million purchase of midstream assets in Butler County, PA, from Stonehenge Energy Holdings LLC. The deal announced Tuesday to acquire Stonehenge Appalachia LLC includes more than 47 miles of pipeline and associated compression assets, along with gathering capacity of 130 MMcf/d. “When…

January 4, 2022
Certifying Appalachia Natural Gas as Responsibly Sourced Expands for Private E&Ps, Midstreamers

Certifying Appalachia Natural Gas as Responsibly Sourced Expands for Private E&Ps, Midstreamers

More Lower 48 producers and increasingly, midstream operators, are looking to Project Canary to earn environmental certification for their natural gas supplies. Related entities Tug Hill Operating LLC and XcL Midstream Operating LLC, which principally operate in West Virginia’s Marshall and Wetzel counties, have partnered to gain the responsibly sourced gas (RSG) designation across all…

December 9, 2021
Lower 48 Plays to Continue Ratcheting Up Natural Gas, Oil Output in December, EIA Says

Lower 48 Plays to Continue Ratcheting Up Natural Gas, Oil Output in December, EIA Says

Led by growth out of the Haynesville Shale, natural gas production from seven key U.S. onshore regions is set to climb from November to December, according to updated projections from the Energy Information Administration (EIA). Total natural gas production from the Anadarko, Appalachia and Permian basins, as well as from the Bakken, Eagle Ford, Haynesville…

November 15, 2021
PennEast Pipeline Canceled After Years of Regulatory, Legal Delays

PennEast Pipeline Canceled After Years of Regulatory, Legal Delays

Seven years after it was announced, the PennEast Pipeline has been canceled following repeated regulatory and legal setbacks that have increasingly complicated other natural gas infrastructure projects across the country.  PennEast scrapped the project on Monday following what it said was “extensive evaluation and discussion” among its five member companies. The project battled landowners, environmental…

September 27, 2021
ExxonMobil Launches Certification Pilot with MiQ for Permian Natural Gas

ExxonMobil Launches Certification Pilot with MiQ for Permian Natural Gas

ExxonMobil is wading into the certified natural gas game, partnering with nonprofit MiQ for natural gas produced at its Poker Lake, NM, facility in the Permian Basin. About 200 MMcf/d from Poker Lake would be assessed and certified by MiQ, ExxonMobil said Tuesday. The certified natural gas, sometimes referred to as responsibly sourced gas, could…

September 7, 2021
Aside from Appalachia and West Coast, Looser Balances See Natural Gas Forwards Tumble

Aside from Appalachia and West Coast, Looser Balances See Natural Gas Forwards Tumble

Loosening balances, evidenced by a weekly inventory build that overshot major surveys, accompanied declines in forward prices for most of the Lower 48 during the Aug. 12-18 trading period, NGI’s Forward Look data show. Nymex September futures experienced some up-and-down action, but on the whole lost ground during the Aug. 12-18 time frame, including a…

August 20, 2021
Stagnating Natural Gas Production a Boon to Northeast Forward Prices; Structural Drivers Behind Overall Rally

Stagnating Natural Gas Production a Boon to Northeast Forward Prices; Structural Drivers Behind Overall Rally

Natural gas forward markets rebounded sharply for the trading period ending Aug. 4 as widespread sweltering heat set to return sounded the alarm once again that U.S. storage inventories are on pace to fall uncomfortably short ahead of winter. September forward prices averaged 20.0 cents higher for the July 29-Aug. 4 period, according to NGI’s…

August 6, 2021
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