Bcf/D

Drilling successes in a British Columbia (BC) sweet spot of the most accessible northern shale gas deposit is propelling a new expansion project by TransCanada Corp.’s western pipeline network.

Four top North American natural gas marketers — BP plc, Shell Energy NA, ConocoPhillips and Macquarie Energy — and a majority of those participating in NGI’s 2Q2015 Top North American Gas Marketers Ranking reported lower sales transaction numbers compared with 2Q2014.

The former government revenue star in Canada’s chief producing jurisdiction — the Alberta natural gas royalty — is all but vanishing as prices stay down on glutted North American markets.

Even partial success by a modest minority of Canadian and U.S. plans to enter global liquefied natural gas (LNG) markets would siphon off the supply gluts brought on by shale development, which has been depressing North American prices, according to a new forecast by experts on both sides of the border.

September natural gas is set to open 4 cents lower in spite of expectations of a government report anticipated to show one of the leanest storage builds of the season. Overnight oil markets fell.

The output of Appalachian producers moving to the Midwest on the large-diameter Rockies Express Pipeline (REX) pipeline’s Zone 3 will be felt throughout much of the continental pipeline network, thanks to the robust and growing connectivity of REX.

The flood of natural gas that will exit Appalachia for the Midwest when Rockies Express Pipeline (REX) brings online new reverse capacity in its easternmost segment (Zone 3) is expected to rearrange markets around much of the continental pipeline network.

Despite a downturn in oil and natural gas prices and the drop in drilling activity across the country, midstream companies both large and small are still committed to entering or building their positions in the Appalachian Basin given the need to push natural gas supplies from the region.

Despite a downturn in oil and natural gas prices and the drop in drilling activity across the country, midstream companies both large and small are still committed to entering or building their positions in the Appalachian Basin given the need to push natural gas supplies from the region.