Pipelines

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
Arm Extends Texas Natural Gas Options with NextEra’s Monument System

Arm Extends Texas Natural Gas Options with NextEra’s Monument System

An intrastate natural gas pipeline in Texas owned by NextEra Energy Partners LP, the 156-mile, 16-inch diameter Monument Pipeline LP, has been sold to a Houston-based holding company for $203 million.  Monument, part of the Juno Beach, FL-based partnership’s Texas portfolio, sold the system to Arm Monument Intermediate Holdings LLC, an affiliate of Arm Energy…

April 4, 2022
Max Energy to Convert Natural Gas Pipe to Move More Eagle Ford, Permian Crude to Texas Coast

Max Energy to Convert Natural Gas Pipe to Move More Eagle Ford, Permian Crude to Texas Coast

Texas pipeline company Max Energy has purchased the Upper Gulf Coast Pipeline from Southcross Gulf Coast Transmission Ltd. and is working to convert the system from natural gas to crude oil. Max said the eight-inch to 16-inch diameter natural gas pipeline is dormant and “strategically located.” The Southcross intrastate system has numerous intersection points with…

April 4, 2022
Canadian Oil, Gas Activity Undermined by Politics, Says Calgary Contractor

Canadian Oil, Gas Activity Undermined by Politics, Says Calgary Contractor

The recovery in oil and gas activity last year, which allowed oilfield services contractors to their losses, still led to many working below capacity and vulnerable to setbacks, according to a Calgary firm. Western Energy Services Corp., which recently issued its 2021 and fourth quarter results, has 120 drilling and well service rigs combined in…

March 28, 2022
U.S. Natural Gas Production Growth Said Pricey; Efficiencies Needed in Pipeline Permitting

U.S. Natural Gas Production Growth Said Pricey; Efficiencies Needed in Pipeline Permitting

Infrastructure constraints and a slow pace of project approvals have hampered natural gas production growth, but rising output is coming – albeit at a slower pace and higher price, industry executives said earlier this month in Houston. Goldman Sachs’ Samantha Dart, head of natural gas research, said dry gas growth was the “single biggest contributor”…

March 23, 2022