Imports of Canadian natural gas supplies through the western United States were subdued in April and May amid higher prices north of the border, according to the U.S. Energy Information Administration (EIA).
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Appalachia’s Equitrans Completes Takeover of EQM Midstream
EQM Midstream Partners LP is now a subsidiary of Equitrans Midstream Corp. after the two companies completed a merger on Wednesday that was set into motion two years ago.
Houston Nabs Greentown Hub as U.S. Energy Capital Accelerates Transition from Fossil Fuels
Boston-based Greentown Labs, a “climate tech” start-up incubator, plans to open its second location next spring in the U.S. oil and gas capital of Houston, as city leaders move to transition from fossil fuels.
July Natural Gas Futures Down Slightly Following In-Line Storage Injection
The U.S. Energy Information Administration (EIA) reported an injection of 85 Bcf natural gas storage for the week ending June 12, a reading that was in line with the averages of major polls.
Pennsylvania Impact Fee Collections Slip on Lower Natural Gas Prices
The impact fees paid by Pennsylvania’s unconventional natural gas producers in 2019 declined by 20% year/year to about $200.4 million, a drop that was primarily because of lower prices, according to the state Public Utility Commision (PUC).
With Lower Storage Injection Expected, Natural Gas Futures Advance, End Three-Day Skid
Forecasts for modestly increasing heat and a lower inventory build report offset enduring uncertainty about liquefied natural gas (LNG) demand, helping natural gas futures post gains Wednesday and ending a drubbing that cost the July contract nearly 20 cents over the prior three trading sessions.
Weak Natural Gas Cash Prices Bleed into Forward Curves; Weather Seen Key to Near-Term Direction
With much of the supply/demand background fairly stable, weak natural gas cash pricing drove a deep dive lower for forward markets during the June 11-17 period, NGI’s Forward Look data show. Double-digit decreases extended across North America through the rest of summer, though smaller losses were seen further out the curve.
FERC Proposes Five-Year Index Level for Interstate Oil Pipeline Rates
FERC has issued a notice of inquiry (NOI) on its proposed index level used to calculate annual changes to interstate oil pipeline rate ceilings for the next five years, beginning July 1, 2021.
Mirage Says Financing Secured for Expanded Mexico Natural Gas Pipeline, Storage Project
Mirage Energy Corp. has signed a $4 billion debt facility with the family office of Bluebell International to develop a natural gas project that would add cross-border capacity into Mexico, as well as the nation’s first underground gas storage facility.
Matador Brings Five Permian Delaware Wells Online, with 18 Wells and Gas Processing Slated for Q3 Completion
Matador Resources Co. said Thursday it has brought five horizontal wells in the Permian Basin’s Delaware sub-basin into production, and it plans to bring 18 more wells and a natural gas processing plant online in the third quarter.