Php

Spot natural gas prices for Wednesday flow at Waha and nearby delivery hubs in West Texas fell into negative territory as pipeline maintenance prevented some gas from leaving the basin and mild, spring-like weather reduced demand. Waha Hub spot prices for next-day delivery tumbled 72.0 cents day/day to minus 54.5 cents. The last time Waha’s…

Natural gas futures moved lower ahead of the December contract rolling off at the end of trading Tuesday, weighed down by weather forecasts doubling down on a bearishly warm early December and gas production holding near all-time highs. At A Glance: December Nymex rolls off NGI’s National Avg up to $3.745 Southeast leads cash gains…

Production of associated natural gas – fuel produced in concert with oil – surged in the prolific Permian Basin over the past five years, supporting strong total supplies and, for much of this year, helping to keep U.S. prices in check. Associated gas produced from the top three oil plays in the Permian region –…

Permian Basin pure-play Kinetik Holdings Inc., whose midstream operations transport natural gas to Gulf Coast markets and beyond, set a processing record in the second quarter, even as high temperatures stalled some exploration and production (E&P) customer operations. The Midland, TX-based operator was created last year in an all-stock transaction between EagleClaw Midstream and Altus…

Kinder Morgan Inc. is seeking shipper commitments for 100 MMcf/d of incremental capacity on its planned Permian Highway Project (PHP) after fourth quarter 2018 natural gas transport volumes grew 15% year/year.