electric

July Natural Gas Futures Climb Back Into the Green on Increased Heat Outlook

July Natural Gas Futures Climb Back Into the Green on Increased Heat Outlook

After finishing flat a day earlier, Natural gas futures mustered new momentum on Friday, ending the week in positive territory as mid-range forecasts for more heat outshined persistently weak demand for liquefied natural gas (LNG) amid fallout from the coronavirus pandemic.

June 19, 2020
Cooler Near-Term Weather and Coronavirus Impacts Weigh on Weekly Natural Gas Prices

Cooler Near-Term Weather and Coronavirus Impacts Weigh on Weekly Natural Gas Prices

Rains and relatively mild temperatures across much of the eastern half of the Lower 48, along with festering fallout from the coronavirus pandemic, curbed weekly spot gas prices for the June 15-19 period.

June 19, 2020
FERC Proposes Five-Year Index Level for Interstate Oil Pipeline Rates

FERC Proposes Five-Year Index Level for Interstate Oil Pipeline Rates

FERC has issued a notice of inquiry (NOI) on its proposed index level used to calculate annual changes to interstate oil pipeline rate ceilings for the next five years, beginning July 1, 2021.

June 18, 2020
Mirage Says Financing Secured for Expanded Mexico Natural Gas Pipeline, Storage Project

Mirage Says Financing Secured for Expanded Mexico Natural Gas Pipeline, Storage Project

Mirage Energy Corp. has signed a $4 billion debt facility with the family office of Bluebell International to develop a natural gas project that would add cross-border capacity into Mexico, as well as the nation’s first underground gas storage facility.

June 18, 2020
Matador Brings Five Permian Delaware Wells Online, with 18 Wells and Gas Processing Slated for Q3 Completion

Matador Brings Five Permian Delaware Wells Online, with 18 Wells and Gas Processing Slated for Q3 Completion

Matador Resources Co. said Thursday it has brought five horizontal wells in the Permian Basin’s Delaware sub-basin into production, and it plans to bring 18 more wells and a natural gas processing plant online in the third quarter.

June 18, 2020
Natural Gas Futures Flat Following On-Target Storage Build, Ongoing Coronavirus Fallout

Natural Gas Futures Flat Following On-Target Storage Build, Ongoing Coronavirus Fallout

Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.

June 18, 2020
California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas

California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas

Following a growing trend, the city council in San Luis Obispo along California’s central coast on Tuesday established a policy calling for all-electric new buildings that would take effect Sept. 1.

June 18, 2020
Appalachia’s Equitrans Completes Takeover of EQM Midstream

Appalachia’s Equitrans Completes Takeover of EQM Midstream

EQM Midstream Partners LP is now a subsidiary of Equitrans Midstream Corp. after the two companies completed a merger on Wednesday that was set into motion two years ago.

June 18, 2020
Houston Nabs Greentown Hub as U.S. Energy Capital Accelerates Transition from Fossil Fuels

Houston Nabs Greentown Hub as U.S. Energy Capital Accelerates Transition from Fossil Fuels

Boston-based Greentown Labs, a “climate tech” start-up incubator, plans to open its second location next spring in the U.S. oil and gas capital of Houston, as city leaders move to transition from fossil fuels.

June 18, 2020
July Natural Gas Futures Down Slightly Following In-Line Storage Injection

July Natural Gas Futures Down Slightly Following In-Line Storage Injection

The U.S. Energy Information Administration (EIA) reported an injection of 85 Bcf natural gas storage for the week ending June 12, a reading that was in line with the averages of major polls.

June 18, 2020