waha

Oneok Inc. is still targeting a final investment decision (FID) by mid-year on the proposed 2.8 Bcf/d Saguaro Connector natural gas pipeline, which would transport natural gas from the Waha hub in West Texas to the Mexico border. The pipeline, if sanctioned, would serve the Saguaro LNG export terminal proposed by Mexico Pacific Ltd. LLC…

U.S. Pacific regional storage facilities, in contrast to the rest of the Lower 48, limped to the end of winter withdrawal season with the lightest level of natural gas inventories in more than a decade, an analysis by East Daley Analytics found. While weather proved seasonally mild across much of the country in early 2023,…

Matador Resources Co. has bolted on its largest deal yet in the Permian Basin in an agreement to acquire Advance Energy Partners Holdings LLC, with assets in New Mexico and West Texas.  The independent is providing an initial cash payment of  $1.6 billion, with an additional $7.5 million total paid monthly in 2023 if the…

U.S. natural gas prices are off to a rocky start in 2023, and analysts are braced for a choppy ride ahead amid expectations for strong production levels, infrastructure constraints and forecasts for relatively mild weather during the heart of winter. Limits on American exporters’ collective ability to meet global needs add another layer of uncertainty…

U.S. natural gas prices have had a remarkably soft winter so far, but the whole of 2022 tells a completely different story. In 2022, the wholesale U.S. natural gas spot price at Henry Hub averaged $6.45/MMBtu, the highest level since 2008, according to the Energy Information Administration (EIA) based on data from Refinitiv Eikon. This…

Oneok Inc. is seeking a federal permit that would facilitate exports of Permian Basin natural gas to Mexico, the firm said Tuesday. Oneok’s Saguaro Connector Pipeline subsidiary filed a Presidential Permit application with the U.S. Federal Energy Regulatory Commission (FERC) “to construct and operate facilities for the exportation of natural gas at a new international…

Natural gas futures reversed lower Wednesday as the intensity of frigid temperatures expected into the back half of December moderated somewhat in the latest forecasts. The January Nymex contract plunged 50.5 cents to settle at $6.430/MMBtu. At A Glance: Profit-taking driven by milder temps, Freeport ‘Potent Arctic blast’ still seen next week Cash plummets as…

Although Gulf Coast LNG exports are expected to drive the bulk of U.S. natural gas demand growth in the coming years, Mexico and Arizona could play vital roles in easing natural gas takeaway constraints out of the Permian Basin, according to NGI’s Patrick Rau, director of strategy and research. As evidenced by Waha spot prices…

Click here to listen to the latest episode of NGI’s Hub & Flow, which delves into the Permian Basin’s complicated and constrained natural gas takeaway equation, the impact on prices and what factors could help to alleviate the current situation. In this episode, Patrick Rau, NGI’s Director of Strategy and Research, takes a closer look…