Gulf Coast

DT Midstream Capacity on Haynesville System Leaping to 1.7 Bcf/d

DT Midstream Capacity on Haynesville System Leaping to 1.7 Bcf/d

An expansion of DT Midstream Inc.’s Louisiana Energy Access Project, or LEAP, is underway, with capacity set to climb to 1.7 Bcf/d, or by 70%. The executive team on Wednesday discussed the 150-mile, 36-inch diameter system, which now moves about 1 Bcf/d of Haynesville Shale supply in Louisiana to the Gulf Coast for industrial use…

August 5, 2022
Chevron Permian Drilling, Fracturing Efficiency Doubled in Four Years, Says Exec

Chevron Permian Drilling, Fracturing Efficiency Doubled in Four Years, Says Exec

The Permian Basin is driving U.S. oil and gas production growth for Chevron Corp., helped by low development costs, substantial efficiency improvements and low carbon intensity, management said Friday. CFO Pierre Breber and Executive Vice President of Upstream Jay Johnson hosted a conference call to discuss the San Ramon, CA-based major’s second quarter earnings.  Amid…

July 29, 2022
Unit Divesting Texas Assets Weeks After Terminating Future Sales

Unit Divesting Texas Assets Weeks After Terminating Future Sales

On the heels of a U.S. Gulf Coast asset sale, management at Tulsa-based Unit Corp. last week applauded its recent decision to halt more upstream divestitures. The independent said Friday it closed on a $43.7 million sale of “certain wells and related leases near the Texas Gulf Coast” on July 1, weeks after reversing its…

July 28, 2022
LNG 101: Higher Stakes Seen for U.S. Exports with Atlantic Hurricane Season Underway

LNG 101: Higher Stakes Seen for U.S. Exports with Atlantic Hurricane Season Underway

The Atlantic hurricane season is underway, and the U.S. natural gas industry is taking extra measures this year to be better prepared for major storms that could have far-reaching impacts amid lower domestic storage inventories and tight global energy markets.  “For the global gas market, the stakes are higher with Freeport LNG offline, especially given…

July 27, 2022
Natural Gas Forwards Tumble as Freeport LNG Outage Loosens Summer Balances

Natural Gas Forwards Tumble as Freeport LNG Outage Loosens Summer Balances

As summer heat failed to provide the spark needed to sustain higher prices, lost demand from the Freeport liquefied natural gas (LNG) terminal outage continued to erode value in the natural gas forwards market during the June 16-22 trading period. According to NGI’s Forward Look data, benchmark Henry Hub fell 56.2 cents week/week to average…

June 24, 2022
Sempra Seeing ‘Extremely High’ Offtaker Interest in Cameron, Vista Pacifico LNG Projects

Sempra Seeing ‘Extremely High’ Offtaker Interest in Cameron, Vista Pacifico LNG Projects

Sempra is seeing “a dramatic increase in the market interest” for its liquefied natural gas (LNG) export projects under development on Mexico’s Pacific Coast and the U.S. Gulf Coast, according to Sempra Infrastructure CEO Justin Bird. Formed in 2021, Sempra Infrastructure is tasked with developing, building and operating Sempra’s natural gas liquefaction, pipeline and storage…

March 4, 2022
Gillis Lateral Now Moving More Haynesville Natural Gas to Gulf Coast and Beyond

Gillis Lateral Now Moving More Haynesville Natural Gas to Gulf Coast and Beyond

Commercial service has begun on the 1 Bcf/d Gillis Lateral, expanding the Acadian Haynesville Extension system in Louisiana, which would serve industrial markets and the burgeoning natural gas export market on the Gulf Coast, Enterprise Products Partners LP said Wednesday. The 80-mile lateral originates near Alexandria on the Acadian system and extends to third-party pipeline…

December 15, 2021
Cheniere Signs Another Long-Term LNG Deal With Chinese Buyer

Cheniere Signs Another Long-Term LNG Deal With Chinese Buyer

Cheniere Energy Inc. has entered into a binding 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) with Chinese utility Foran Energy Group. Under the SPA, Foran has agreed to purchase approximately 0.3 million metric tons/year (mmty) of LNG from Cheniere Marketing on a delivered ex-ship basis for 20 years beginning in January 2023.…

November 29, 2021
Alliance Natural Gas Increasingly Looking to Gulf Coast LNG Export Markets, Says Pembina

Alliance Natural Gas Increasingly Looking to Gulf Coast LNG Export Markets, Says Pembina

A recent open season for short-term natural gas capacity on the Alliance Pipeline was “nearly three times oversubscribed,” and the system is now fully contracted for 2022, according to Pembina Pipeline Corp. CEO Michael Dilger discussed third quarter results during a recent earnings conference call and offered some insight into 2022 expectations.  Alliance over the…

November 10, 2021
Altus, EagleClaw Tie-Up to Control 2 Bcf of Natural Gas Transport from Permian to Gulf Coast

Altus, EagleClaw Tie-Up to Control 2 Bcf of Natural Gas Transport from Permian to Gulf Coast

Permian Basin-to-Gulf Coast pipeline giant Altus Midstream Co. has agreed to merge with fellow West Texas operator BCP Raptor Holdco LP in an estimated $9 billion transaction. The combination would operate 2 Bcf/day of cryogenic natural gas processing facilities in the Permian Delaware sub-basin of West Texas, with more than 850,000 acres under fee-based, long-term…

October 25, 2021
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