Leap

DT Midstream Inc. (DTM) has boosted the top end capacity estimate for its Louisiana Energy Access Project, or LEAP, to 4 Bcf/d, roughly double the amount of natural gas it could be transporting by 2026. Based on the work to expand LEAP, “it’s become clear to us that we actually can expand this beyond 3…

Interest is growing in expanding infrastructure to get more natural gas to the Gulf Coast as LNG exports are poised to double this decade and other end-users will need to secure more supplies, a panel of midstream executives said at an industry conference last week. LNG terminals, natural gas producers, local distribution companies (LDC) and…

Haynesville Shale exploration and production (E&P) companies are biding their time and keeping an eye on forward natural gas prices in anticipation of more LNG takeaway by 2025, DT Midstream Inc. (DTM) CEO David Slater said Tuesday. During the conference call to discuss second quarter results, Slater said the Detroit-based company is “observing moderating production…

“America’s Natural Gas Highway” took a big leap forward infrastructure-wise on Thursday with the announcement of a proposed first phase of development in 70 liquefied natural gas (LNG) fuel locations that would open in 33 states by the end of this year.

“America’s Natural Gas Highway” took a big leap forward infrastructure-wise last Thursday with the announcement of a proposed first phase of development in 70 liquefied natural gas (LNG) fuel locations that would open in 33 states by the end of this year.

Saying he was responding to the recent leap in gas prices and President Bush’s lifting of the executive ban on oil and gas leasing operations on the Outer Continental Shelf (OCS), Secretary of the Interior Dirk Kempthorne Wednesday afternoon said he was directing the Minerals Management Service (MMS) to begin preparations of a new five-year offshore oil and gas lease program that could include energy development throughout the OCS.

Saying he was responding to the recent leap in gas prices and President Bush’s lifting of the executive ban on oil and gas leasing operations on the Outer Continental Shelf (OCS), Secretary of the Interior Dirk Kempthorne Wednesday afternoon said he was directing the Minerals Management Service (MMS) to begin preparations of a new five-year offshore oil and gas lease program that could include energy development throughout the OCS.

December natural gas futures rocketed higher Wednesday, propelled in part by a supply-driven leap in oil prices. Risk managers see a short-term advance, but are also preparing to sell as prices become more attractive. December futures jumped 30.9 cents to settle at $8.330 and the January contract added 30.6 cents to finish the session at $8.660. December crude oil soared $4.15 to $94.53 after trading at an intraday record high $94.70.

Prices skyrocketed at all points Monday as continuing (and widespread) cold weather combined with a half-dollar-plus leap Friday by February futures to bolster the cash market. Just like last week, Northeast citygates saw instances of increases surpassing a dollar, although Monday’s gains fell far short of the triple-digit gains on the Tuesday following Martin Luther King Jr. Day, which carried four Northeast averages into $10-plus territory.