enery prices

Cooler near-term weather patterns in key regions and a storage injection that showed still-robust surpluses weighed on weekly spot gas prices for the June 8-12 period. NGI’s Weekly Spot Gas National Avg. declined 4.0 cents to $1.570.

Northern Oil and Gas Inc. has signed a definitive agreement with WPX Energy Inc. to build its Williston Basin portfolio with the $1.5 million cash purchase of about 320 acres.

Protracted low West Texas Intermediate (WTI) oil prices may lead exploration and production operators to look beyond the Permian Basin to make up for a shortfall in associated gas to service domestic demand and export needs, giving other Lower 48 areas a needed boost, the International Energy Agency (IEA) said Wednesday.

Fracture sand provider Vista Proppants & Logistics LLC has filed for bankruptcy protection, citing financial pressures related to the coronavirus pandemic.

Mexico’s Centro Nacional de Control del Gas Natural (Cenagas) has launched the Consulta Pública 2020 with a specific focus this year on the natural gas needs of the south and southeastern parts of the country and industrial users.

A roundup of news and commentary from NGI’s LNG Insight

Capital spending by global oil and natural gas explorers has collapsed to levels not seen in 15 years and could decline on average by 27% in 2020, a 3,000 basis point turnaround from the 2% increase predicted in December, according to a new survey.

An encouraging start is underway to add a private enterprise dimension to municipal government production of renewable natural gas (RNG) from urban and agricultural waste landfill sites, according to a French Canadian pioneer of the budding business field.

The U.S. Energy Information Administration (EIA) reported an injection of 93 Bcf into natural gas storage for the week ending June 5, a print on par with expectations but that failed to impress. Nymex natural gas futures hovered in positive territory early Thursday but gave up early gains after the report.