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EIA Hits Refresh on Permian Midland Structure, Thickness Maps

EIA Hits Refresh on Permian Midland Structure, Thickness Maps

Updated structure and thickness maps for one of the busiest developments in the Permian Basin, the Wolfcamp within the Midland sub-basin, have been updated by the Energy Information Administration (EIA). The Wolfcamp formation, which straddles the Midland and Delaware formations, “has attracted many oil companies because of its stacked potential,” i.e. multiple hydrocarbon-producing zones that…

November 25, 2020
Pennsylvania Natural Gas Production in 3Q Grew at Lowest Rate on Record

Pennsylvania Natural Gas Production in 3Q Grew at Lowest Rate on Record

Pennsylvania’s unconventional natural gas production in the third quarter hit 1.751 Tcf, an increase of only 2% from the same period last year and the lowest annual growth rate on record as operators continued to pare activity throughout a tumultuous year. Production increased slightly from 2Q2020 volumes of 1.717 Tcf, according to the Pennsylvania Independent…

November 25, 2020
Biden Names Kerry as Climate Change Envoy, Says Domestic Policy Coordinator to Follow

Biden Names Kerry as Climate Change Envoy, Says Domestic Policy Coordinator to Follow

President-elect Joseph R. Biden Jr. on Tuesday introduced several potential cabinet-level members of his foreign policy and national security team, including former Secretary of State John Kerry as the first-ever climate change czar. In addition to proposing Kerry as special presidential envoy for climate, Biden’s nominees as of Tuesday included National Security Advisor Jake Sullivan,…

November 25, 2020
December Natural Gas Futures Post Third-Straight Gain; Spot Prices Sputter

December Natural Gas Futures Post Third-Straight Gain; Spot Prices Sputter

Weather forecasts held on to slightly cooler expectations LNG and production levels were both strong Cash prices were led lower by drops in the Northeast Natural gas futures posted a modest gain Tuesday, marking a third consecutive day of advances as traders contemplated a mixed weather outlook and wide-ranging expectations for this week’s early storage…

November 25, 2020
Williams Clears Natural Gas Gathering Deals with Chesapeake, Boosting Project Growth

Williams Clears Natural Gas Gathering Deals with Chesapeake, Boosting Project Growth

Natural gas pipeline giant Williams has resolved commitments with Chesapeake Energy Corp., one of its biggest customers, which bolster “essential” project growth and marketing capabilities.  The Tulsa-based pipeliner on Monday reached a global resolution to continue to treat and move Chesapeake’s natural gas in the Lower 48.  Chesapeake filed for Chapter 11 bankruptcy protection in…

November 25, 2020
Natural Gas Futures Called Lower as Traders Look Ahead to Front Month Expiration, EIA Data

Natural Gas Futures Called Lower as Traders Look Ahead to Front Month Expiration, EIA Data

Natural gas futures retreated somewhat early Wednesday as traders weighed the potential for the front month expiration and the impending release of new government inventory data to influence prices. The expiring December Nymex contract was down 2.4 cents to $2.751/MMBtu at around 8:45 a.m. ET. January was down 2.0 cents to $2.880. The latest forecast…

November 25, 2020
December Natural Gas Futures Maintain Momentum Amid Mixed Demand Outlook

December Natural Gas Futures Maintain Momentum Amid Mixed Demand Outlook

Natural gas futures posted a modest gain Tuesday, marking a third consecutive day of advances as traders contemplated a mixed weather outlook and wide-ranging expectations for this week’s early storage report. The December Nymex contract advanced 6.4 cents day/day to settle at $2.775/MMBtu. January rose 7.7 cents to $2.900. NGI’s Spot Gas National Avg. fell…

November 24, 2020
Mexico’s CFE to Add 642 MW Natural Gas Power Plant to Fleet in December

Mexico’s CFE to Add 642 MW Natural Gas Power Plant to Fleet in December

Mexico’s Comisión Federal de Electricidad (CFE) is set to start producing electricity in early December at its long delayed 642 MW Huexca combined-cycle thermal power plant in the central state of Morelos. The completed plant in Morelos state has been stalled because of local protests and objections over the natural gas-fired power plant and neighboring…

November 24, 2020
LNG 101: Defining Small-Scale LNG and its Advantages

LNG 101: Defining Small-Scale LNG and its Advantages

Liquefied natural gas (LNG) is a growing business across the world, and a key part of that growth is in small-scale applications that provide energy solutions and allow consumption of the super-chilled fuel in remote areas, but the “small-scale” label can be a confusing one. Small-scale LNG is generally considered to include the production and…

November 24, 2020
New Rules for Pennsylvania’s Conventional Oil, Natural Gas E&Ps Slowly Move Forward

New Rules for Pennsylvania’s Conventional Oil, Natural Gas E&Ps Slowly Move Forward

Pennsylvania regulators are moving ahead with regulations for conventional oil and natural gas producers, with tentative plans to unveil the rulemaking package next year as legislative efforts continue to fail.  The Republican-controlled general assembly sent another bill last week to establish regulations for legacy exploration and production (E&P) operators to Democratic Gov. Tom Wolf, who…

November 24, 2020