Industrial

Navigator Sanctions Heartland System to Capture Midwest Industrial CO2 Emissions

Navigator Sanctions Heartland System to Capture Midwest Industrial CO2 Emissions

Navigator CO2 Ventures LLC said Thursday it has binding commitments in hand to sanction the massive Heartland Greenway system, a 1,300-mile carbon capture pipeline that would traverse five states across the Midwest. As initially designed, Heartland would transport and sequester up to 15 million metric tons/year of carbon dioxide (CO2) from industrial customers in Illinois,…

October 15, 2021
Near-Record Export Demand Fuels More Gains for Natural Gas Futures, Cold Snap Boosts Cash

Near-Record Export Demand Fuels More Gains for Natural Gas Futures, Cold Snap Boosts Cash

Natural gas futures resumed their climb on Monday, buoyed by near-record export demand and the arrival of chilly weather. With the latest forecast extending and intensifying the cooler temperatures, the May Nymex contract settled 6.9 cents higher at $2.749. June climbed 6.4 cents to $2.818. Spot gas prices also moved higher in most areas outside…

April 19, 2021
Natural Gas Prices Continue to Slide on Post-Storm Recovery

Natural Gas Prices Continue to Slide on Post-Storm Recovery

Natural gas futures crashed on Monday as production appeared to be making a quick recovery from the unrivaled Arctic blast that rocked the energy industry last week. Warming weather models also provided a headwind to prices, with the March Nymex gas futures contract tumbling 11.6 cents to settle at $2.953. April slid only 5.5 cents…

February 22, 2021
Industrial Sector Seen Driving Most U.S. Natural Gas Demand in Coming Years

Industrial Sector Seen Driving Most U.S. Natural Gas Demand in Coming Years

From 2020 to 2050, industrial use will make up more than 75% of natural gas demand growth as prices remain low versus historical levels over the next 30 years, according to the U.S. Energy Information Administration (EIA). As economic growth figures to drive U.S. industrial output, the industrial sector is expected to grow annual natural…

February 17, 2021
Oklahoma Natural Gas Prices Hit Fresh $1,250/MMBtu High as Industry Struggles Continue Amid Record Cold

Oklahoma Natural Gas Prices Hit Fresh $1,250/MMBtu High as Industry Struggles Continue Amid Record Cold

Amid a seemingly never-ending wave of Arctic air that crippled infrastructure in the so-called energy capital of the world and across the country’s midsection, resulting in widespread power outages, natural gas prices continued to reach new heights in Oklahoma on Wednesday. Next-day gas prices soared into the thousands in the Sooner State, according to NGI…

February 17, 2021
February Natural Gas Futures Flounder as Potential for Extreme Cold Eases; Cash Prices Fall

February Natural Gas Futures Flounder as Potential for Extreme Cold Eases; Cash Prices Fall

In a third consecutive day of topsy-turvy trading, natural gas futures ultimately finished firmly in negative territory, as markets fixated more on shifting weather patterns than a bullish storage report and rising U.S. liquefied natural gas (LNG) volumes. The February Nymex gas futures contract settled at $2.666/MMBtu, down 6.1 cents day/day. March fell 5.9 cents…

January 14, 2021
Rebound Predicted for U.S. Industrial Natural Gas Demand in 2021

Rebound Predicted for U.S. Industrial Natural Gas Demand in 2021

More than 5 Bcf/d of natural gas demand from the industrial sector has been lost since the start of the year, brought down by the heavy economic toll of Covid-19, the Department of Energy said. Domestic natural gas demand from the industrial sector measured 20.1 Bcf/d in June, down nearly 1.0 Bcf/d compared to year-ago…

September 22, 2020
Pandemic Dents Mexico Natural Gas, Power Demand in April-July

Pandemic Dents Mexico Natural Gas, Power Demand in April-July

The Covid-19 pandemic dealt a substantial blow to Mexico’s natural gas demand between April and July, according to the U.S. Energy Information Administration (EIA). Gas consumption in Mexico averaged 8.2 Bcf/d during the period, down 5% or 0.5 Bcf/d from the same span last year, EIA said last Thursday, citing data from Genscape Inc. The…

September 1, 2020
Natural Gas Futures Retreat After ‘Too Much, Too Fast’ Climb; California Cash Still Declining

Natural Gas Futures Retreat After ‘Too Much, Too Fast’ Climb; California Cash Still Declining

It took some convincing, but traders have woken up to the incredible looseness still penetrating the natural gas market. After a bearish storage report, the September Nymex gas futures contract dropped 7.4 cents to $2.352. October fell 6.0 cents to $2.503. Spot gas prices also were mostly lower, with steep decreases continuing to be seen…

August 20, 2020

Briefs — Gulfport Energy

Gulfport Energy Corp. has entered an $87 million agreement to acquire 12,600 net acres in Monroe County, OH, from an undisclosed seller. The undeveloped properties, 50% held by production, are near the company’s core position in the Utica Shale. Gulfport said it would fund the transaction with cash on hand. The bolt-on increases its Utica position to more than 223,000 net acres, with nearly 70% in the dry gas window. The sale is expected to close by the end of December.

December 7, 2016
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