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Southwestern Energy Co. has completed its $2.7 billion takeover of Haynesville Shale pure-play Indigo Natural Resources LLC. The deal completed last Wednesday gives Southwestern a sizable footprint in the resurgent Louisiana play, improving the firm’s access to Gulf Coast liquefied natural gas (LNG) export markets. “This acquisition materially expands our opportunity set, adding high-margin Haynesville…

With the hottest temperatures of the summer expected to soon reside in the market’s rearview, natural gas forwards receded during the Aug. 5-11 trading week, including large markdowns in the western United States, NGI’s Forward Look data show. Discounts of around a dime or more in fixed price prompt-month forwards were the norm for most…

Natural gas futures action remained choppy midweek, with prices falling in sympathy with a broader decline in commodities early in the session rather than in response to major swings in supply and demand. Aided by a bit of technical resistance, the September Nymex gas futures contract settled Wednesday at $4.059/MMBtu, off 3.0 cents day/day. October…

Mixed trends in the weather outlook overnight had natural gas futures easing lower in early trading Friday. The August Nymex contract was down a penny to $3.993/MMBtu as of 8:50 a.m. ET. The American and European weather models trended in opposite directions overnight for the first week of August, with the American dataset adding to…

Bolstered by favorable weather outlooks and supply concerns, natural gas futures forged higher on Tuesday, following a 10.5-cent gain the previous day. The August Nymex contract settled at $3.876/MMBtu, up 9.7 cents day/day and in the green for a third consecutive session. September rose 9.8 cents to $3.852. At A Glance: Demand forecasts hold strong…

The Texas power grid chief this week laid the groundwork for improving electric reliability following the unprecedented freeze and subsequent blackouts in February during Winter Storm Uri. Electric Reliability Council of Texas (ERCOT) interim CEO Brad Jones sent the “Roadmap to Improving Grid Reliability” to Gov. Greg Abbott, state legislators and the Public Utility Commission…

Mountain Valley Pipeline LLC (MVP), the proposed Appalachia-to-Southeast natural gas conduit seeking FERC approval to resume construction following legal and regulatory setbacks, plans to purchase carbon offsets for its first 10 years of operational emissions. Management for the embattled pipeline project, a joint venture (JV) led by Equitrans Midstream Corp., said the move would make…

The collapse in global exploration and production (E&P) spending last year ranked among the worst downturns in history, but 2021 is the beginning of a multi-year recovery that will accelerate into 2022 and beyond, according to Evercore ISI. The firm’s Global E&P Mid-Year Spending Outlook indicates U.S. producers remain a bit cautious regarding their capital…

Natural gas cash prices moved higher for the short week from June 1-4 despite mostly moderate weather keeping a lid on demand in much of the country. Heat out West led the gains, sending NGI’s Weekly Spot Gas National Avg. up 11.5 cents to $2.800/MMBtu. Natural gas futures also ended the week comfortably above $3.000…