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Appalachia’s Equitrans Completes Takeover of EQM Midstream

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.

June 18, 2020
Houston Nabs Greentown Hub as U.S. Energy Capital Accelerates Transition from Fossil Fuels

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.

June 18, 2020
July Natural Gas Futures Down Slightly Following In-Line Storage Injection

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.

June 18, 2020
Pennsylvania Impact Fee Collections Slip on Lower Natural Gas Prices

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).

June 18, 2020
With Lower Storage Injection Expected, Natural Gas Futures Advance, End Three-Day Skid

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.

June 18, 2020
Weak Natural Gas Cash Prices Bleed into Forward Curves; Weather Seen Key to Near-Term Direction

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.

June 18, 2020
PG&E Pleads Involuntary Manslaughter for 84 Deaths in Camp Fire, Agrees to $4M in Penalties

PG&E Pleads Involuntary Manslaughter for 84 Deaths in Camp Fire, Agrees to $4M in Penalties

Pacific Gas and Electric Co. (PG&E) on Tuesday pleaded guilty to 84 counts of involuntary manslaughter and one count of starting a fire for its role in the 2018 Camp Fire that destroyed the town of Paradise, CA.

June 17, 2020
Weather Worries and Weak Cash Weigh Down Natural Gas Futures

Weather Worries and Weak Cash Weigh Down Natural Gas Futures

Cooler temperatures and soft demand in the natural gas cash market, along with ongoing liquefied natural gas (LNG) woes, weighed down futures again Tuesday, with prices hitting a new daily low in June for a third consecutive trading day.

June 17, 2020
IEA Forecasts Flat Mexico Oil Output Through 2021; Global Production Set to Fall 7.2 Million b/d in 2020

IEA Forecasts Flat Mexico Oil Output Through 2021; Global Production Set to Fall 7.2 Million b/d in 2020

Mexico oil production is likely to stay near April levels through 2021, with the natural decline of legacy fields operated by national oil company Petróleos Mexicanos (Pemex) offsetting any production gains at the firm’s so-called priority fields, the International Energy Agency (IEA) said Tuesday.

June 17, 2020
Coronavirus Fallout, Cooler Weather Pattern Weigh on Natural Gas Futures

Coronavirus Fallout, Cooler Weather Pattern Weigh on Natural Gas Futures

Following last Friday’s sell-off, natural gas futures gave up further ground Monday on modestly cooler weather forecasts and lingering concerns about the coronavirus pandemic and its impact on industrial energy demand. Persistently low liquefied natural gas (LNG) volumes also continued to weigh on markets.

June 16, 2020