Texas

Global natural gas prices oscillated on Monday as the market reacted to supply outages in the United States and Europe. Feed gas deliveries to the Freeport LNG export terminal on the upper Texas coast sank over the weekend. The facility is scheduled this week to restart a train that went offline in January. NGI data…

Kinder Morgan Inc.’s (KMI) Texas-Louisiana Expansion project, aimed at bringing additional natural gas supply to the Gulf Coast, is now fully subscribed after two LNG exporters signed on as customers. Natural Gas Pipeline Company of America LLC (NGPL), a KMI subsidiary, told FERC in a recent filing it has inked agreements to supply the Golden…

Appalachian Basin pure play Range Resources Corp. is targeting flat production growth in 2024 with a focus on natural gas liquids (NGL) to offset weak natural gas pricing, management said Thursday. “Near-term prices are obviously incredibly challenging for the industry, and we expect these historically low price levels should help keep a lid on natural…

A roundup of news and commentary from NGI’s LNG Insight Feed gas nominations to Freeport LNG started to tick up again Wednesday after being curtailed over the holiday weekend, according to Wood Mackenzie pipeline data. The Texas facility reported an outage at Train 1 on Feb. 16 caused by a compressor issue, according to a…

Texas achieved record natural gas and oil production in 2023 despite lower prices for both commodities, falling rig counts, and fewer drilling permits issued versus 2022, said the Texas Alliance of Energy Producers.  The group, which represents the state’s independent exploration and production (E&P) firms, said its Texas Petro Index (TPI) fell in December for…

The Biden administration’s temporary pause on new federal export authorizations for LNG projects, if not reversed, could be a “devastating blow” to the Texas energy industry, according to the Texas Oil and Gas Association (TXOGA).  The trade organization estimated marketed natural gas production in the state remained unchanged at 31.8 Bcf/d versus 2022, according to…

Natural gas futures sank below $3.000/MMBtu on Tuesday as markets looked past the immediate brutal cold to an expected warm-up in temperatures next week as indicated by increased confidence in weather models. At A Glance: Brutal cold to last into weekend Production drops to 92.4 Bcf/d NGI models 165 Bcf draw The February Nymex natural…

Mexico’s natural gas system is standing firm amid bitingly cold weather in Texas that brought back memories of the 2021 winter storm that deeply impacted cross-border flows. On Friday night, Mexico power system operator Cenace declared a state of operational emergency on the national grid “due to the possibility of rationing of natural gas imported…

Privately held Ellipsis U.S. Onshore Holdings LLC said it has acquired upstream assets across multiple Lower 48 basins with current production of more than 6,000 boe/d.  The assets are in the Permian and Denver-Julesburg (DJ) basins, as well as the Texas-Louisiana Salt Basin, said management of Dallas-based Ellipsis. The Texas-Louisiana Salt Basin is a dry…