Appalachia

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
Cabot, Southwestern See Natural Gas Prices Impacted by Appalachian Pipeline Constraints

Cabot, Southwestern See Natural Gas Prices Impacted by Appalachian Pipeline Constraints

Cabot Oil & Gas Corp. and Southwestern Energy Co. were the latest Appalachian operators to report weak price realizations in the second quarter, when pipeline constraints widened basis differentials in the Northeast. U.S. benchmark prices climbed during the period and have continued to move higher since, creating an even bigger gap with local prices in…

July 30, 2021
Northeast Production, Storage Concerns Take Center Stage as Natural Gas Forward Prices Rally

Northeast Production, Storage Concerns Take Center Stage as Natural Gas Forward Prices Rally

Natural gas forward prices continued to fall at the front of the curve during the trading period ending Wednesday (July 14), pressured by inconsistent summer weather and fluctuating production. However, Northeast markets rebounded as another heat wave drove up regional demand, stalling a more pronounced rebuilding of storage inventories that is needed ahead of the…

July 16, 2021
EIA Predicts Rising Natural Gas Production on Strength of Permian, Haynesville Growth

EIA Predicts Rising Natural Gas Production on Strength of Permian, Haynesville Growth

The Permian Basin and Haynesville Shale are expected to spur an overall increase in natural gas production among seven key U.S. producing regions in August, according to updated projections from the Energy Information Administration (EIA). The agency said in its latest Drilling Productivity Report, released Monday, that it expects natural gas output from seven key…

July 12, 2021
Summer Heat, Appalachian Supply Concerns Fuel Natural Gas Forward Price Rally

Summer Heat, Appalachian Supply Concerns Fuel Natural Gas Forward Price Rally

Big basis moves in Appalachia and on the West Coast highlighted natural gas forwards trading during the June 3-9 period, while a sufficiently hot forecast helped propel a broader move higher for the Lower 48 overall, according to NGI’s Forward Look. Fixed prices for July delivery were higher week/week by around 10-15 cents at numerous…

June 11, 2021
Southwestern and Indigo Combining Appalachia, Haynesville Natural Gas Assets in ‘Perfect Recipe for Success’

Southwestern and Indigo Combining Appalachia, Haynesville Natural Gas Assets in ‘Perfect Recipe for Success’

Southwestern Energy Co. is moving beyond the Appalachian Basin to expand its natural gas opportunities with a $2.7 billion takeover of Haynesville Shale pure-play Indigo Natural Resources LLC. The Houston independent, a Lower 48 pioneer in unconventional drilling techniques, said the merger would boost production to 4 Bcfe/d, 85% weighted to natural gas. Indigo, which…

June 2, 2021
Diversified Energy Expanding Outside Appalachia Through Barnett, Haynesville Natural Gas Acquisitions

Diversified Energy Expanding Outside Appalachia Through Barnett, Haynesville Natural Gas Acquisitions

Appalachia-focused natural gas producer Diversified Energy Co. plc on Friday announced its second transaction in as many months to expand into a different gassy region of the United States. Birmingham, AL-based Diversified said it has entered into a conditional agreement to acquire upstream assets in the Barnett Shale of North Texas from Blackbeard Operating LLC…

May 28, 2021
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