reliability

Texas Oil, Natural Gas Sector Sees $30-59 WTI by Next May, Views Biden as Biggest Threat

Texas Oil, Natural Gas Sector Sees $30-59 WTI by Next May, Views Biden as Biggest Threat

A majority of respondents in a survey of the Texas oil and gas sector expects the West Texas Intermediate (WTI) oil price to average $30-59/bbl by next May, and most expressed a “good deal” or “great deal” of concern about Democratic candidate Joseph R. Biden Jr. becoming president in November.

June 12, 2020
Permian Natural Gas Forward Prices Hit as Production Starts to Recover; LNG Concerns Linger

Permian Natural Gas Forward Prices Hit as Production Starts to Recover; LNG Concerns Linger

With persistent concerns about global exports, cooler-leaning near-term forecasts sent natural gas forward prices down a few notches for the June 4-10 period, according to NGI’s Forward Look.

June 12, 2020
MVP Again Delays Service, but Appalachian Pipeline Nearly Complete

MVP Again Delays Service, but Appalachian Pipeline Nearly Complete

The beleaguered Mountain Valley Pipeline (MVP), one of the last major greenfield projects pending to move natural gas from the Marcellus and Utica shales, is almost at the finish line, but more delays and cost overruns are likely, according to the operator.

June 12, 2020
Xebec Cites Growing Interest in RNG with Agreements for Quebec Plant

Xebec Cites Growing Interest in RNG with Agreements for Quebec Plant

An encouraging start is underway to add a private enterprise dimension to municipal government production of renewable natural gas (RNG) from urban and agricultural waste landfill sites, according to a French Canadian pioneer of the budding business field.

June 11, 2020
July Natural Gas Futures Essentially Flat After Muted Reaction to In Line Storage Injection

July Natural Gas Futures Essentially Flat After Muted Reaction to In Line Storage Injection

The U.S. Energy Information Administration (EIA) reported an injection of 93 Bcf into natural gas storage for the week ending June 5, a print on par with expectations but that failed to impress. Nymex natural gas futures hovered in positive territory early Thursday but gave up early gains after the report.

June 11, 2020
New York ISO Outlines Enhancements Needed Amid Call for Fossil Fuel Phase-Out

New York ISO Outlines Enhancements Needed Amid Call for Fossil Fuel Phase-Out

The New York Independent System Operator (NYISO) has outlined a series of market design and system planning enhancements designed to integrate renewable resources into its system.

June 11, 2020
Natural Gas Futures Climb as Summer Heat Intensifies

Natural Gas Futures Climb as Summer Heat Intensifies

Natural gas futures rallied early Wednesday and held in positive territory throughout the trading day on forecasts for a relatively hot June and expectations that rising temperatures will drive seasonally robust energy demand to power air conditioners.

June 11, 2020
Recovering Permian Natural Gas Production Leads to Sharp Decline in Regional Forward Prices

Recovering Permian Natural Gas Production Leads to Sharp Decline in Regional Forward Prices

With persistent concerns about global exports, cooler-leaning near-term forecasts sent natural gas forward prices down a few notches for the June 4-10 period, according to NGI’s Forward Look.

June 11, 2020
Williston Pure-Play Northern Oil Bolting On Acreage in Deal with WPX

Williston Pure-Play Northern Oil Bolting On Acreage in Deal with WPX

Northern Oil and Gas Inc. has signed a definitive agreement with WPX Energy Inc. to build its Williston Basin portfolio with the $1.5 million cash purchase of about 320 acres.

June 11, 2020
Natural Gas-Rich Appalachia, Haynesville May Fill Shortfall from Permian Associated Output, Says IEA

Natural Gas-Rich Appalachia, Haynesville May Fill Shortfall from Permian Associated Output, Says IEA

Protracted low West Texas Intermediate (WTI) oil prices may lead exploration and production operators to look beyond the Permian Basin to make up for a shortfall in associated gas to service domestic demand and export needs, giving other Lower 48 areas a needed boost, the International Energy Agency (IEA) said Wednesday.

June 11, 2020
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