As natural gas demand increasingly shifts to the Gulf Coast for liquefied natural gas (LNG) exports, Tulsa-based pipeline giant Williams will seek to connect more Lower 48 gas supply to its Transcontinental Gas Pipeline Company LLC (Transco) trunkline over the coming years, executives said Thursday at the company’s analyst day in New York.
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Transcontinental Gas Pipe Line Co. LLC (Transco) said it would move quickly to file yet again for a key permit after New York regulators denied an application for the Northeast Supply Enhancement Project, which is now imperiled by the decision and poised for further delays.
New York has for now blocked even more Appalachian shale gas from entering the state after denying a key permit for the Northeast Supply Enhancement Project.
Cabot Oil & Gas Corp. exceeded the high-end of its first quarter guidance, producing 2.276 Bcfe/d, or 21% more than it did at the same time last year, as its Marcellus Shale assets in Northeast Pennsylvania continued to outperform.
As major expansions like the 3.25 Bcf/d Rover Pipeline and 1.7 Bcf/d Atlantic Sunrise approach full service, further growing Appalachian takeaway capacity, the wide basis differentials that once dogged the historically constrained Marcellus and Utica shale region are shrinking — a trend that could come into sharp relief this shoulder season.
Even with Northeast output surging, recent bidweek and forwards trading suggests pipeline infrastructure is finally catching up and shrinking the wide basis differentials that once dogged producers in the Marcellus and Utica shales — a trend that could come into sharp relief this shoulder season.
Against a backdrop of surging natural gas production and pipeline capacity expansions competing to tap demand growth in the Southeast and Gulf Coast, understanding the energy space requires a holistic approach informed by both equity and commodity markets, according to East Daley Capital Advisors President Jim Simpson.
As the Trump administration eyes an infrastructure initiative, it should include natural gas pipelines too, a necessity underscored by the recent cold snap, i.e. bomb cyclone, which brought the Northeast to a standstill, American Petroleum Institute (API) CEO Jack Gerard said Tuesday.
December natural gas is set to open about 2 cents lower Tuesday, keeping Monday’s 15-cent surge largely intact amid some mixed changes overnight in the weather data. Overnight oil markets were mixed.
The current slate of Marcellus and Utica shale takeaway expansions exceeds expected supply growth, a dynamic that points to shrinking Appalachian basis differentials and major upside for regional production over the next few years, according to analysts with Raymond James & Associates Inc.