Rockies

Oil and gas executives in the Rockies and Midcontinent have downwardly revised their expectations for Henry Hub natural gas prices over the near term, according to a new survey by the Federal Reserve Bank of Kansas City. The Kansas City Fed’s quarterly Tenth District Energy Survey gauges current and expected oil and gas activity in…

Natural gas futures floundered back into freefall Wednesday – the case of a majority of trading sessions early in the new year – as production climbed, benign weather persisted and the market braced for an anemic storage withdrawal. At A Glance: Prompt month sheds 27.5 cents Production hits 102 Bcf/d Weather forecasts wobble After a…

Winter volatility saw Western natural gas forward hubs post huge gains during the Dec. 15-21 trading period, while expectations for a very mild start to 2023 drove deep discounts elsewhere in the Lower 48, NGI’s Forward Look data show. With intense Arctic cold diving from the Northwest into the heart of the Lower 48, spot…

Tulsa, OK-based midstreamer Williams said Thursday it has reached a deal to acquire MountainWest Pipelines Holding Co. from Southwest Gas Holdings Inc. in a $1.5 billion cash-and-debt transaction. MountainWest comprises about 2,000 miles of FERC-regulated interstate natural gas pipeline systems located mainly in Utah, Wyoming and Colorado, with roughly 8 Bcf/d of total transmission capacity.…

Against the backdrop of rising renewable electric generation and the need for more balancing mechanisms, Spire Energy Inc. is close to completing the first phase of a planned natural gas storage expansion near the Opal Hub in Wyoming. Spire Storage is working to expand capacity to 39 Bcf from 23 Bcf to meet growing demand…

Natural gas futures on Monday closed above $4.00 for the first time this year as European calls for U.S. exports remain robust and forecasts point to continued strong domestic weather-driven demand. The February Nymex gas futures contract settled at $4.079/MMBtu, up 16.3 cents day/day. March rose 10.8 cents to $3.834. NGI’s Spot Gas National Avg.…

FERC on Tuesday issued a temporary certificate of public convenience and necessity to Spire STL Pipeline LLC, keeping the 65-mile, 400,000 Dth/d Midwest natural gas conduit in service for now following a court order vacating the project’s federal authorization. Three of the four sitting members of the Federal Energy Regulatory Commission opted to support the…

Colorado’s biggest oil and gas producer appears on track to complete its dominance of the Denver-Julesburg (DJ) Basin before year’s end, the CEO of Bonanza Creek Energy Inc., soon to be Civitas Resources Inc., said earlier this month. CEO Eric Greager held court during a conference call to discuss the Denver-based independent’s second quarter results.…

Calgary-based Vermilion Energy Inc., which operates in eight countries on three continents, said it was lifted by sharp commodity price increases in the first six months of the year as the world began to recover from the Covid-19 pandemic. Vermilion operates in Canada as well as the Powder River Basin (PRB) of Wyoming. It also…