After curtailing output by 70% in May in response to a pandemic-driven market downturn, Continental Resources Inc. said Thursday it would bring some production back in July, although about 50% of output is to remain offline.
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COLUMN: Cenagas Sparks New Market Opportunities in Mexico Natural Gas Through Consulta Pública
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process.
July Natural Gas Futures Climb Back Into the Green on Increased Heat Outlook
After finishing flat a day earlier, Natural gas futures mustered new momentum on Friday, ending the week in positive territory as mid-range forecasts for more heat outshined persistently weak demand for liquefied natural gas (LNG) amid fallout from the coronavirus pandemic.
Cooler Near-Term Weather and Coronavirus Impacts Weigh on Weekly Natural Gas Prices
Rains and relatively mild temperatures across much of the eastern half of the Lower 48, along with festering fallout from the coronavirus pandemic, curbed weekly spot gas prices for the June 15-19 period.
Mirage Says Financing Secured for Expanded Mexico Natural Gas Pipeline, Storage Project
Mirage Energy Corp. has signed a $4 billion debt facility with the family office of Bluebell International to develop a natural gas project that would add cross-border capacity into Mexico, as well as the nation’s first underground gas storage facility.
Matador Brings Five Permian Delaware Wells Online, with 18 Wells and Gas Processing Slated for Q3 Completion
Matador Resources Co. said Thursday it has brought five horizontal wells in the Permian Basin’s Delaware sub-basin into production, and it plans to bring 18 more wells and a natural gas processing plant online in the third quarter.
Natural Gas Futures Flat Following On-Target Storage Build, Ongoing Coronavirus Fallout
Natural gas futures traded in a narrow range of gains and losses Thursday and ultimately finished flat after traders absorbed a relatively bullish storage report that offset weather and demand uncertainty. The July Nymex contract settled at $1.638/MMBtu. August rose one-tenth of cent to $1.728.
California’s San Luis Obispo Policy of All-Electric Seen as Knock to Natural Gas
Following a growing trend, the city council in San Luis Obispo along California’s central coast on Tuesday established a policy calling for all-electric new buildings that would take effect Sept. 1.
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.
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.