Infrastructure

August Natural Gas Futures Rally On Expectations For Robust Cooling Demand amid Summer Heat

August Natural Gas Futures Rally On Expectations For Robust Cooling Demand amid Summer Heat

Despite signs of increased production and decreased liquefied natural gas (LNG) demand early in July, natural gas futures surged Monday on expectations for continued strong summer heat. The August Nymex contract rose 9.6 cents from last Thursday’s close to settle at $1.830/MMBtu. September climbed 10.8 cents to $1.893. NGI’s Spot Gas National Avg. jumped 21.0…

July 6, 2020
EIA Sees Ramp-Up of U.S. Natural Gas Exports to Mexico, Strengthening Waha Prices

EIA Sees Ramp-Up of U.S. Natural Gas Exports to Mexico, Strengthening Waha Prices

The United States Energy Information Agency (EIA) said in a note on Monday that it expects Mexico natural gas exports to rise quickly with the entry into operation of the Villa de Reyes-Aguascalientes-Guadalajara (VAG) pipeline. The 890 MMcf/d VAG pipeline is the final stretch of a system that runs from the Permian Basin in West…

July 6, 2020
Northeast Natural Gas Infrastructure Woes Continue As Dominion Scuttles ACP, Sells Transmission, Storage Assets for $9.7B

Northeast Natural Gas Infrastructure Woes Continue As Dominion Scuttles ACP, Sells Transmission, Storage Assets for $9.7B

Dominion Energy closed out the holiday weekend with two bombshell announcements, disclosing Sunday that it is selling its natural gas transmission and storage assets to an affiliate of Warren Buffett’s Berkshire Hathaway Inc. in a transaction valued at $9.7 billion. It also has decided, along with joint-venture partner Duke Energy, to cancel the 600-mile, 1.5…

July 6, 2020
Court Vacates Permits, Orders Dakota Access to Temporarily Shut as Army Corps Prepares EIS

Court Vacates Permits, Orders Dakota Access to Temporarily Shut as Army Corps Prepares EIS

The U.S. District Court for the District of Columbia has ordered Energy Transfer LP to temporarily halt operations on the Dakota Access Pipeline (DAPL) within the next 30 days while an environmental impact statement (EIS) on the crude oil line is completed. The stoppage order was handed down on Monday when the court vacated the…

July 6, 2020
Dominion Canceling ACP, Offloading Natural Gas Transmission and Storage Business in $9.7B Deal

Dominion Canceling ACP, Offloading Natural Gas Transmission and Storage Business in $9.7B Deal

Dominion Energy closed out the holiday weekend with two bombshell announcements, disclosing Sunday that it is selling its natural gas transmission and storage assets to an affiliate of Warren Buffett’s Berkshire Hathaway Inc. in a transaction valued at $9.7 billion. It also has decided, along with joint-venture partner Duke Energy, to cancel the 600-mile, 1.5…

July 6, 2020
U.S. Adds One Natural Gas Rig as Oil Count Slides

U.S. Adds One Natural Gas Rig as Oil Count Slides

The U.S. natural gas rig count climbed one unit to finish at 76 for the holiday-shortened week ending Thursday (July 2), while declines in the Permian Basin led a modest drop-off in the oil patch, according to the latest numbers from Baker Hughes Co. (BKR). After accounting for a three-rig decline in oil-directed rigs, the…

July 2, 2020
Black Bear Transmission Adds Natural Gas System to Southeast Portfolio

Black Bear Transmission Adds Natural Gas System to Southeast Portfolio

Houston-based Black Bear Transmission LLC has acquired a portfolio of natural gas transmission assets from a subsidiary of Third Coast Midstream LLC that span 1,400 miles in Alabama, Louisiana and Mississippi. The six intrastate pipeline system has capacity of more than 800 MMcf/d with interconnectivity to long-haul pipelines.  This is Black Bear’s second bolt-on acquisition.…

July 1, 2020
FERC’s Use of Tolling Orders to Delay Pipeline Challenges Overruled by DC Court

FERC’s Use of Tolling Orders to Delay Pipeline Challenges Overruled by DC Court

FERC’s practice of issuing tolling orders to extend its rehearing process for pipeline projects is not consistent with federal statute, the U.S. Court of Appeals for the District of Columbia Circuit has ruled. The ruling could prove a major boon for pipeline opponents by allowing them to more quickly seek judicial review of Federal Energy…

June 30, 2020
Tucson Electric Moves to Decarbonize, but Keeps Gas-Fired Power

Tucson Electric Moves to Decarbonize, but Keeps Gas-Fired Power

Tucson Electric Power (TEP) last week unveiled a 2020 integrated resource plan (IRP) that would phase out coal-fired generation and emphasize renewables and efficiency, and while retaining its natural gas-fired power plants. The plan would retire the remaining units at TEP’s coal-fired Springerville Generating Station and add 1,400 MW of energy storage over the next…

June 30, 2020
Gulf of Mexico Gaining Traction as LLOG Sanctions Taggart Discovery in Mississippi Canyon

Gulf of Mexico Gaining Traction as LLOG Sanctions Taggart Discovery in Mississippi Canyon

Covington, LA-based LLOG Exploration Offshore LLC has pulled the trigger on the Taggart discovery in the Gulf of Mexico, which would be developed via a tieback to the Devil’s Tower deepwater spar. The Mississippi Canyon (MC) Block 816 discovery in 5,650 feet of water would be tied back to the spar in MC Block 773,…

June 29, 2020