Appalachia

Supply Fears Keep Pressure on Natural Gas Forward Prices

Supply Fears Keep Pressure on Natural Gas Forward Prices

With warnings of higher prices still to come, natural gas forward prices mounted hefty gains for the trading period ending May 25, with prices nearing $9.00/MMBtu across much of the country and cresting $10.00 in California, according to NGI’s Forward Look. June fixed prices averaged 65.0 cents higher on the week, while the balance of…

May 27, 2022
U.S. Natural Gas Production Growth Said Pricey; Efficiencies Needed in Pipeline Permitting

U.S. Natural Gas Production Growth Said Pricey; Efficiencies Needed in Pipeline Permitting

Infrastructure constraints and a slow pace of project approvals have hampered natural gas production growth, but rising output is coming – albeit at a slower pace and higher price, industry executives said earlier this month in Houston. Goldman Sachs’ Samantha Dart, head of natural gas research, said dry gas growth was the “single biggest contributor”…

March 23, 2022
BKV Working on Certified Natural Gas Label; Seneca E&P Operations Gain Designation

BKV Working on Certified Natural Gas Label; Seneca E&P Operations Gain Designation

Thailand’s Banpu Kalnin Ventures Corp. (BKV) and BKV-BPP Power LLC are working to certify natural gas produced in the Lower 48 initially to fuel a power plant in Central Texas. Denver-based exploration and production (E&P) company BKV purchased the Temple I power plant north of Austin for $430 million in November with Banpu Power US…

March 4, 2022
CNX Resources Raising Capex, Sees Costs Tick Upward in Appalachia on Inflationary Pressures

CNX Resources Raising Capex, Sees Costs Tick Upward in Appalachia on Inflationary Pressures

A jump in forecasted natural gas production, along with inflationary pressures, will find CNX Resources Corp. spending more this year to execute a long-term plan that remains on track after the company turned in a solid 2021.  Management said operating efficiencies have improved markedly over the last two years across its assets in the Appalachian…

January 28, 2022
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
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