Permian Basin

DeLa Express Joins Rush to Add Permian Natural Gas Takeaway Capacity

DeLa Express Joins Rush to Add Permian Natural Gas Takeaway Capacity

DeLa Express LLC is seeking to construct a 2 Bcf/d interstate pipeline to help ease the glut of natural gas trapped in the Permian Basin.  The independent energy infrastructure company, an affiliate of Houston-based Moss Lake Partners LP, in early April asked FERC to begin the prefiling review for a 42-inch diameter, 690-mile pipeline.  The…

April 15, 2024
U.S. Sheds One Natural Gas Rig, Combined Domestic Count Down Three

U.S. Sheds One Natural Gas Rig, Combined Domestic Count Down Three

The U.S. natural gas rig count fell one unit to finish at 109 for the week ended Friday (April 12), while a small decrease in oil drilling dropped the combined domestic tally three units to 617, according to the latest numbers from Baker Hughes Co. (BKR). Total domestic natural gas rigs finished the period down…

April 12, 2024
APA Curtails Permian Natural Gas Output, Citing Negative Waha Prices

APA Curtails Permian Natural Gas Output, Citing Negative Waha Prices

APA Corp. said Wednesday it curtailed about 35 MMcf/d of U.S. natural gas production during the first quarter, mostly during March. The curtailment was “in response to weak or negative Waha hub prices.” Waha is the hub of record for the Permian Basin, which spans West Texas and portions of southeastern New Mexico. Waha prices…

April 11, 2024
Enterprise Ramps Up Permian Natural Gas Processing; Summit Tests Support to Add Double E Capacity

Enterprise Ramps Up Permian Natural Gas Processing; Summit Tests Support to Add Double E Capacity

Enterprise Product Partners LP has begun service at the Mentone 3 cryogenic natural gas processing plant in West Texas, one of several steps midstream companies are taking this year to add sorely needed takeaway capacity from the Permian Basin. Enterprise’s third processing plant in the Permian’s Delaware sub-basin has a nameplate capacity of 300 MMcf/d…

April 4, 2024
Natural Gas Forwards Continue to Struggle as Market Wrestles with Storage Glut

Natural Gas Forwards Continue to Struggle as Market Wrestles with Storage Glut

As an outsized storage surplus continued to hang over the outlook, regional natural gas forward prices shed value during the March 21-27 trading period, NGI’s Forward Look data show. Front month fixed prices at benchmark Henry Hub fell 12.7 cents for the period to end at $1.577/MMBtu. However, the benchmark also saw double-digit losses for…

March 28, 2024
U.S. Natural Gas Drilling Rig Count Flat Week/Week, but Oil Count Down, BKR Data Show

U.S. Natural Gas Drilling Rig Count Flat Week/Week, but Oil Count Down, BKR Data Show

The domestic natural gas rig count held steady at 112 for the week ended Thursday (March 28), while a decline in oil activity lowered the combined domestic drilling tally by three to 621, the latest Baker Hughes Co. (BKR) data show. The combined oil and gas U.S. rig count for the week, which was 621,…

March 28, 2024
Winter’s Supply Overhang Weighing on April Natural Gas Bidweek Prices

Winter’s Supply Overhang Weighing on April Natural Gas Bidweek Prices

Baseload natural gas prices were trending lower for April delivery as excess end-of-winter inventory levels kept bidders hesitant on the first day of bidweek trading Friday (March 22), according to NGI’s Bidweek Alert (BWA). Trade was most active in Texas, where the supply glut has pushed Permian Basin prices negative, following in the footsteps of…

March 25, 2024
Supply Glut, Massive Storage Surplus Whack West Texas Natural Gas Spot Prices

Supply Glut, Massive Storage Surplus Whack West Texas Natural Gas Spot Prices

Strong Permian Basin production of oil and, by extension, associated gas continues to propel supplies in West Texas and depress prices in the region. Natural gas production nationally reached record levels around 107 Bcf/d early this year, according to Wood Mackenzie estimates. But leading exploration and production (E&P) companies, including Chesapeake Energy Corp. and EQT…

March 15, 2024
Permian Natural Gas Compression Demand Climbing, Says Kodiak CEO

Permian Natural Gas Compression Demand Climbing, Says Kodiak CEO

Kodiak Gas Services Inc.’s customers in the Permian Basin are clamoring for more natural gas compression as they prepare for the next wave of LNG exports, according to CEO Mickey McKee. The CEO recently discussed the uptick in demand by exploration and production (E&P) customers in announcing the latest quarterly results. The company, headquartered in…

March 14, 2024
Golden Pass, Delfin Take Final Capacity for Kinder Morgan’s Texas-Louisiana Expansion Project

Golden Pass, Delfin Take Final Capacity for Kinder Morgan’s Texas-Louisiana Expansion Project

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…

March 11, 2024
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