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Army Corps Inaction on DAPL a ‘Modest Positive’ for Pipeline, Bakken Operators

Army Corps Inaction on DAPL a ‘Modest Positive’ for Pipeline, Bakken Operators

Sparing Energy Transfer LP’s Dakota Access Pipeline (DAPL) from further regulatory headaches, the U.S. Army Corps of Engineers has reportedly decided not to take action to enforce the crude oil line’s vacated easement to cross under Lake Oahe. DAPL’s crossing of the large reservoir, behind the Oahe Dam on the Missouri River that begins in…

April 12, 2021
Natural Gas Futures Hover Near Even as Analysts Mull Third Straight Bearish EIA Print

Natural Gas Futures Hover Near Even as Analysts Mull Third Straight Bearish EIA Print

As traders and analysts considered the implications of another smaller than expected withdrawal from the latest government inventory data, natural gas futures hovered close to even in early trading Friday. The April Nymex contract was off 0.4 cents to $2.477/MMBtu at around 8:50 a.m. ET. The U.S. Energy Information Administration (EIA) on Thursday reported a…

March 19, 2021
Natural Gas Futures Lose Momentum, Snap Win Streak

Natural Gas Futures Lose Momentum, Snap Win Streak

BREAKING: U.S. EIA reports a paltry withdrawal of 98 Bcf from natural gas storage for the week ended Feb. 26 Diminished near-term weather demand dragged spot gas prices lower across parts of the Lower 48 Wednesday Natural gas futures failed to find footing on Wednesday, seesawing between small gains and losses throughout the session before…

March 4, 2021
U.S. Natural Gas Production Fell 1% in 2020 Amid Pandemic, Lower Prices, EIA Says

U.S. Natural Gas Production Fell 1% in 2020 Amid Pandemic, Lower Prices, EIA Says

U.S. annual natural gas production in 2020 declined 1% year/year and averaged 111.2 billion Bcf/d, a reflection in part of the pullback in drilling activity following the demand destruction and downward pressure on prices caused by the coronavirus pandemic. In releasing its latest 2020 estimate, measured by gross withdrawals, the U.S. Energy Administration (EIA) also…

March 2, 2021
March Weather Looking Meek as a Lamb as Natural Gas Futures Slide

March Weather Looking Meek as a Lamb as Natural Gas Futures Slide

A decidedly mild temperature outlook for the first half of March sent natural gas futures grinding lower in early trading Friday. The April Nymex contract was down 3.6 cents to $2.741/MMBtu at around 8:50 a.m. ET.  Now that the market has had a chance to digest the 300-plus Bcf weekly withdrawal reported in the latest…

February 26, 2021
Updated Notice of Proposed Change to NGI’s Bidweek Survey

Updated Notice of Proposed Change to NGI’s Bidweek Survey

* Please see the amendment in blue font below to the original Notice of Proposed Change to NGI’s Bidweek Survey, which was posted Feb. 1. Dear NGI Subscribers, Price Reporters and Market Participants, In response to a public request for comment published by S&P Global Platts, Natural Gas Intelligence (NGI) is requesting feedback on whether…

February 24, 2021
EPRI, GTI’s Low-Carbon Resources Initiative Gains Another Sponsor, Surpasses $100M Funding Milestone

EPRI, GTI’s Low-Carbon Resources Initiative Gains Another Sponsor, Surpasses $100M Funding Milestone

The Low-Carbon Resources Initiative (LCRI), a collaborative project from the Electric Power Research Institute Inc. (EPRI) and Gas Technology Institute (GTI), added its 33rd sponsor, achieving and exceeding its $100 million effort to develop alternatives to natural gas.  Utility holding company based in Minneapolis, Minnesota and newest member, Xcel Energy joined the efforts of the…

February 17, 2021
Record-Setting Cold Lifts Algonquin Natural Gas to $16, OGT Says Hold My Beer

Record-Setting Cold Lifts Algonquin Natural Gas to $16, OGT Says Hold My Beer

Unfazed by the tumultuous weather pattern circulating throughout much of the United States for the next week or so, natural gas futures closed Thursday with a whimper. A big bearish miss on the latest storage data sealed March Nymex futures’ fate early in the session, with the contract ultimately slipping 4.3 cents to $2.868/MMBtu. April…

February 11, 2021
U.S. Supreme Court Agrees to Hear PennEast Case Versus New Jersey in Big Win for Natural Gas Project

U.S. Supreme Court Agrees to Hear PennEast Case Versus New Jersey in Big Win for Natural Gas Project

The U.S. Supreme Court has agreed to hear PennEast Pipeline Co. LLC’s case against New Jersey, which has stopped the natural gas project from condemning state-owned land.  The high court on Wednesday granted PennEast’s petition in a win for the project, which has been under development for more than five years. The pipeline is one…

February 3, 2021
Natural Gas Futures Pummeled by Increasingly Warmer Weather Outlooks; Cash Sinks Too

Natural Gas Futures Pummeled by Increasingly Warmer Weather Outlooks; Cash Sinks Too

Natural gas futures tumbled more than 20 cents lower in post-Christmas trading as weather data “failed miserably” over the weekend, shedding a hefty amount of demand from the 15-day outlook.  With any opportunity for truly cold weather not expected before the middle of next month, the January Nymex gas futures contract settled Monday at $2.305/MMBtu,…

December 28, 2020
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