Pipelines

Natural Gas Futures Erode Further on Bearish EIA Data; Cash Slides Too

Natural Gas Futures Erode Further on Bearish EIA Data; Cash Slides Too

The latest government storage data swiped the rug out from underneath natural gas futures on Thursday, with a larger-than-expected injection highlighting the fragility of the gas market. The July Nymex futures contract settled at $6.239/MMBtu, down 61.9 cents on the day. August futures tumbled 58.9 cents to $6.283. Spot gas prices were mostly lower despite…

June 23, 2022
FERC Issues DEIS for Tellurian Subsidiary’s Pipeline Project in Louisiana

FERC Issues DEIS for Tellurian Subsidiary’s Pipeline Project in Louisiana

FERC has prepared a draft environmental impact statement (DEIS) for a Tellurian Inc. pipeline project that would potentially serve natural gas demand in Southwestern Louisiana and the company’s Driftwood liquefied natural gas (LNG) export project.  The Federal Energy Regulatory Commission (FERC) concluded that construction and operation of the Driftwood Line 200 and Line 300 projects…

May 18, 2022
U.S.-Mexico Energy Trade Hits Record High Amid Surging Natural Gas, Oil Prices

U.S.-Mexico Energy Trade Hits Record High Amid Surging Natural Gas, Oil Prices

The value of cross-border energy trade between the United States and Mexico reached a nine-year high of $42 billion in 2021, according to the U.S. Energy Information Administration (EIA). The figure is the highest ever recorded in U.S. Census Bureau data, which started in 1996, said EIA researchers led by Natalie Kempkey. The immense flow…

May 11, 2022
Aggressive Sell-Off in Natural Gas Futures Continues Early, Despite Hefty Production Drop

Aggressive Sell-Off in Natural Gas Futures Continues Early, Despite Hefty Production Drop

After plunging more than $1.00 on Monday, natural gas futures were down sharply again early Tuesday despite a large day/day production decline. The June Nymex futures contract was trading 35.6 cents lower at $6.670/MMBtu at around 8:50 a.m. ET. Traders appeared to be brushing off the precipitous drop in output, perhaps because most of the…

May 10, 2022
Natural Gas Futures Stumble, but Decline Seen as ‘Noise’; Cash Drops

Natural Gas Futures Stumble, but Decline Seen as ‘Noise’; Cash Drops

Natural gas futures took a step lower Thursday after three straight days of gains, with production showing signs of recovery amid ongoing maintenance. Some loosening in the latest government inventory data also influenced pricing, sending the June Nymex gas futures contract down 45.1 cents to $6.888/MMBtu. July futures shed 44.2 cents to hit $6.994. Spot…

April 28, 2022
Aggressive Bulls Smash the Close, Send May Natural Gas Futures Expiring 41 Cents Higher

Aggressive Bulls Smash the Close, Send May Natural Gas Futures Expiring 41 Cents Higher

Natural gas futures surged for a third consecutive day against a backdrop of escalating global supply uncertainties after Russia cut off natural gas supplies to two European countries. With domestic fundamentals also tight this week, the May Nymex contract rolled off the board Wednesday at $7.267/MMBtu, up a massive 41.7 cents on the day. The…

April 27, 2022
Kinder Morgan to Expand Natural Gas Compression as Permian Takeaway Constraints Loom

Kinder Morgan to Expand Natural Gas Compression as Permian Takeaway Constraints Loom

Kinder Morgan Inc. (KMI) is planning compression expansions on its Permian Highway Pipeline (PHP) and Gulf Coast Express (GCX) natural gas pipelines in order to alleviate takeaway constraints in the Permian Basin expected to mount by 2023. “Combined, the two expansions can add 1.2 Bcf per day of capacity out of the Permian,” CEO Steven…

April 25, 2022
Kinder Morgan Eyeing 1.2 Bcf/d in Permian Natural Gas Takeaway Expansions

Kinder Morgan Eyeing 1.2 Bcf/d in Permian Natural Gas Takeaway Expansions

Kinder Morgan Inc. (KMI) is planning compression expansions on its Permian Highway Pipeline (PHP) and Gulf Coast Express (GCX) natural gas pipelines in order to alleviate takeaway constraints in the Permian Basin expected to mount by 2023. “Combined, the two expansions can add 1.2 Bcf per day of capacity out of the Permian,” CEO Steven…

April 21, 2022
Higher Natural Gas Prices Boost Haynesville Production to Record Highs in 2021, Says EIA

Higher Natural Gas Prices Boost Haynesville Production to Record Highs in 2021, Says EIA

After years of declines, dry natural gas production from the Haynesville Shale reached record highs in the second half of 2021 as prices rose, according to the U.S. Energy Information Administration (EIA). The government agency said Haynesville gas production climbed to around 12 Bcf/d by the end of 2021, up from around 10 Bcf/d at…

April 14, 2022
Delek Expanding Oil, Natural Gas Reach into Permian Delaware with 3Bear

Delek Expanding Oil, Natural Gas Reach into Permian Delaware with 3Bear

Delek Logistics Partners LP is expanding its foothold into the northern part of the Permian Basin with a $624.7 million deal to acquire the equity interests of privately held 3Bear Delaware Holding-NM LLC. Delek’s newly formed subsidiary DKL Delaware Gathering LLC is set to acquire 3Bear’s crude oil and natural gas gathering, processing and transportation…

April 11, 2022
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