Rockies

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…

After another run toward $4.200/MMBtu last week, natural gas futures took a nosedive on Monday as long-range weather forecasts continued to cool while liquefied natural gas (LNG) demand remained well off recent highs. The September Nymex gas futures contract settled at $4.060, off 8.0 cents from Friday’s close. October dropped 7.9 cents to $4.075. Spot…

It’s already completed a big Lower 48 takeover this year, but Devon Energy Corp. isn’t ruling out making a bid on more oil and natural gas assets, the CEO said Wednesday. Over the last couple of weeks, rumors have swirled that Royal Dutch Shell plc may sell its Permian Basin portfolio, estimated to be worth…

Natural gas futures traded both sides of the $4.00/MMBtu mark on Monday as bullish weather forecasts and persistently sagging storage levels quickly reversed the losses from late last week. The September Nymex gas futures contract hit a $4.042 intraday high but ultimately finished the day at $3.935, up only 2.1 cents from Friday’s close. Spot…

A consortium of Canadian natural gas producers is teaming up with the Nisga’a Nation and Houston-based liquefied natural gas (LNG) developer Western LNG LLC on plans for another export project in British Columbia (BC).  The consortium known as Rockies LNG Partners, along with the other proponents, announced Monday the initial project description for the Ksi…