Even given the many unknowns related to the market impact of the coronavirus pandemic on both sides of the border, Mexico will remain a key destination for U.S. natural gas producers for years to come, according to analysts.
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Mexico Said to Remain Key Export Market for U.S. Natural Gas Producers Despite Uncertainty
Even given the many unknowns related to the market impact of the coronavirus pandemic on both sides of the border, Mexico will remain a key destination for U.S. natural gas producers for years to come, according to analysts.
June 2, 2020
U.S. Natural Gas Price Rally Seen in 2021, with Pipeline Exports to Mexico Set to Rise
While the impact of Covid-19 on U.S. natural gas prices remains a wildcard, supply/demand changes point for the strip to move lower this year before 2021 ushers in “extremely bullish” prices, Raymond James & Associates Inc. said Monday, adding year/year (y/y) pipeline exports to Mexico should increase in 2020 in spite of the pandemic.
June 2, 2020
On Oil Surplus, ProPetro Forecasting Reduced Lower 48 Fracturing Activity to End of Year
North American pressure pumper ProPetro Holding Corp., whose primary focus is the Permian Basin, has seen activity continue to decline through May and now expects reduced onshore completions activity through the rest of the year because of the oversupply in oil.
June 2, 2020
LNG Demand Drop, Expanding Storage Surplus Weigh on Natural Gas Futures Prices
Natural gas futures gave up ground Monday as worries mounted about declining international demand and lower feed gas flows to U.S. liquefied natural gas (LNG) export facilities. The July Nymex contract settled at $1.774/MMBtu, down 7.5 cents day/day. August fell 6.9 cents to $1.871.
June 2, 2020
California, Quebec GHG Auction Struggles to Sell Emissions Credits
North America’s largest greenhouse gas (GHG) emissions allowance sale, which California conducts with Quebec, struggled to sell credits in the May auction, according to initial results.
June 2, 2020
Final Rule on CWA Quality Certification Written to Fast Track Natural Gas, Oil Infrastructure, Says EPA
The Environmental Protection Agency (EPA) has issued a final rule on Section 401 of the Clean Water Act (CWA) that it said would increase the transparency and efficiency of the Section 401 certification process and to promote the timely review of infrastructure projects.
June 2, 2020
Gulfport Cuts Output Guidance on Shut-ins, Reduces Midstream, Workforce Expenses Amid Downturn
Gulfport Energy Corp. said Tuesday it would cut this year’s oil and gas production guidance slightly to reflect shut-ins and deferred completions in anticipation of better commodity prices later this year and next.
June 2, 2020
Natural Gas Futures Bounce as Late Buying Intensifies; Cash Still Weak
Natural gas futures capped the week in positive territory, but the weight of bloating storage inventories and U.S. export concerns were on full display. The July Nymex gas futures contract hit a $1.763/MMBtu intraday low and traded in the red throughout most of Friday’s session before settling the day at $1.849, up 2.2 cents from Thursday’s close. August was up 2.1 cents to $1.940.
June 1, 2020
Taproot Energy Lands Another Producer for DJ Basin Midstream System
Taproot Energy Partners LLC said Monday it has expanded the acreage dedicated to its crude oil and water pipelines in Colorado’s Denver-Julesburg (DJ) Basin in a deal with Mallard Exploration.
June 1, 2020
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