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.
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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.
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.
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.
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.
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.
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.
NGI The Weekly Gas Market Report
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.
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.
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.