Experience

Producers that have been seeking refuge from low natural gas prices by ramping up production of natural gas liquids (NGL) will likely experience headwinds as NGL prices come under pressure from softer demand and abundant supply, noted analysts at Tudor, Pickering, Holt & Co. Securities Inc. (TPH) Monday.

Producers that have been seeking refuge from low natural gas prices by ramping up production of natural gas liquids (NGL) will likely experience headwinds as NGL prices come under pressure from softer demand and abundant supply, noted analysts at Tudor, Pickering, Holt & Co. Securities Inc. (TPH) Monday.

It appeared that many North American residents were destined to experience a “White Christmas,” but likely many wouldn’t be very happy about it as blizzard-like conditions were expected to cause major transportation snarls. Despite the usual softness associated with an extended holiday weekend, prices were up strongly at virtually all points Thursday due to projections of widespread harsh winter weather.

The growing consensus among weather forecasters is that much of the East will experience colder-than-normal temperatures this winter, with Andover, MA-based WSI Corp. saying it expects the November-January period to average cooler than normal across both the eastern and south-central United States, with above-normal temperatures dominating the western and north-central regions.

The growing consensus among weather forecasters is that much of the East will experience colder-than-normal temperatures this winter, with Andover, MA-based WSI Corp. on Monday saying it expects the November-January period to average cooler than normal across both the eastern and south-central United States, with above-normal temperatures dominating the western and north-central regions.

Capital expenditures (capex) may have been cut and commodity prices aren’t cooperating, but production at some of the largest U.S.-based independents grew in 2Q2009 from the year-ago period and sequentially from the first three months of this year, according to separate analyses.

Interior Secretary Ken Salazar Thursday appointed Liz Birnbaum, an attorney with experience in energy and environmental policy, as director of the Minerals Management Service (MMS).

Interior Secretary Ken Salazar Thursday appointed Liz Birnbaum, an attorney with experience in energy and environmental policy, as director of the Minerals Management Service (MMS).

U.S. natural gas output will fall this year, but global supplies in the form of liquefied natural gas (LNG) are about to experience the largest incremental addition of liquefaction capacity in a single year, Barclays Capital analysts said. Nameplate liquefaction capacity is estimated to jump by 5.6 Bcf/d this year, and where that capacity lands is posing “the greatest uncertainty” for U.S. supply/demand balances in this summer’s injection season.