Story of the day
Data Center Natural Gas Opportunities? Bring It, Says EnLink CEO
Earnings
Cheniere Execs See Ample Global Demand for Coming LNG Supply Wave
Cheniere Energy Inc. expects the global natural gas market to accommodate the coming influx of LNG volumes expected to hit the water by the end of the decade as it continues to make progress on three of its own projects. “We acknowledge that the global capacity under construction today plus what may reach [final investment…
May 3, 2024
Earnings
Devon Supporting Efforts to Sanction Another Permian Natural Gas Pipe, Says CFO
Devon Energy Corp. is working with midstream companies to help advance a natural gas pipeline in the Permian Basin, management said Thursday. CEO Rick Muncrief and his management team hosted a conference call to discuss first quarter earnings for the Oklahoma City-based oil and gas producer. Devon operates primarily in the Permian’s Delaware sub-basin, as…
May 3, 2024
Earnings
ConocoPhillips Exploring Sale of Port Arthur LNG Equity Stake Amid Broader Global Ambitions
ConocoPhillips management confirmed Thursday that it may sell part of its 30% equity stake in the first 1.8 Bcf/d phase of Sempra Infrastructure’s Port Arthur LNG export plant under construction southeast of Houston. “With regard to Port Arthur, look, we’ve had some inbounds on the equity interest we have,” CEO Ryan Lance said during a…
May 3, 2024
Markets
Weekly Natural Gas Spot Prices, Futures Advance Amid Lighter Production, Looming Demand
Weekly natural gas cash prices pushed upward, supported by lower production activity and forecasts for intensifying heat. Those catalysts also bolstered futures. NGI’s Weekly Spot Gas National Avg. for the April 30-May 3 period rose 15.5 cents to $1.385/MMBtu. As the trading week closed, leading gainers included Florida Gas Zone 3, up 36.0 cents to…
May 3, 2024
E&P
U.S. Land Oil, Gas Permitting Ticked Higher in March, but Still Off from Year Ago
Lower 48 oil and gas permitting requests increased in March, up 26% over February, according to a compilation of federal and state data compiled by Evercore ISI. The analyst firm reported that 3,418 permits were issued in March versus 2,719 in February. The overall permit total this year, though, remained 1,018 lower than in March…
May 3, 2024
E&P
Three Natural Gas Rigs Exit U.S. Onshore, BKR Says
The U.S. natural gas rig count slid to 102 during the week ended Friday (May 3) as three rigs were sent packing for the period, according to updated figures from oilfield services provider Baker Hughes Co. (BKR). The 102 active U.S. natural gas rigs as of Friday represented a decline of 55 rigs versus the…
May 3, 2024
Earnings
TC Energy Advances Southeast Gateway Pipeline Offshore Mexico
TC Energy Corp. has completed the northern portion of its Southeast Gateway natural gas offshore pipeline project that would supply underserved areas along the Yucatán Peninsula. Management for the Calgary-based pipeline giant provided updates on major projects during a first-quarter earnings call Friday. In Mexico, TC has installed more than 70% of the offshore pipe…
May 3, 2024
Earnings
NOV Innovating, Expanding Digital Offerings to Meet ‘Evolving Needs’ of E&P Customers
International land and offshore markets are driving near-term demand for NOV Inc.’s oilfield equipment, but digital and performance technologies are also in the pipeline, as exploration customers look for improved efficiencies, according to CEO Clay Williams. During the recent first quarter conference call, Williams laid out expectations for the near term. North American activity isn’t…
May 3, 2024
Regulatory
U.S. Natural Gas Generators to Face Increased Oversight Under Biden Administration Rules
The Biden administration has finalized rules to slash 90% of emissions from new natural gas-fired power plants, designed in part to encourage the use of more carbon capture and sequestration (CCS). The U.S. Environmental Protection Agency (EPA) strengthened New Source Performance Standards (NSPS) for newly built gas-fired combustion turbines. Guidelines also were established to curb…
May 3, 2024Recent News
Haynesville Shale
Comstock’s Haynesville-to-Gulf Coast Strategy On Track, but Coping with Low Natural Gas Prices Job No. 1
May 6, 2024
Permian Basin
Targa Looking Past Natural Gas Price Volatility, Planning Infrastructure for Rising Permian Production
May 6, 2024
Daily Gas Price Index
As one of only two price reporting agencies that include ICE trade data to determine natural gas price indexes, NGI delivers robust indexes at a competitive price.
• Daily physical spot natural gas price indexes at 170+ locations
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LNG
Global Natural Gas Prices Rise as Competition for Cargoes Intensifies – LNG Recap
Global natural gas prices continued to climb on Monday amid hotter weather, supply constraints and increasing competition among buyers. The prompt Dutch Title Transfer Facility gained 4% Monday to finish just above $10/MMBtu. The contract increased by 9% last week, when the Japan-Korea Marker also climbed by 3%. Extreme heat has gripped South and Southeast…
May 6, 2024Haynesville Shale
Comstock’s Haynesville-to-Gulf Coast Strategy On Track, but Coping with Low Natural Gas Prices Job No. 1
May 6, 2024Permian Basin
Targa Looking Past Natural Gas Price Volatility, Planning Infrastructure for Rising Permian Production
May 6, 2024Mexico Gas Price Index
Daily news and natural gas pricing information service focused on price transparency in Mexico.
• Experienced insight into Mexican regulatory requirements, process guidelines and governmental oversight
• Regular interviews with Mexico natural gas subject matter experts
• NGI-calculated cost-plus-transport pricing, as well as official IPGN pricing
Mexico
Mexico’s Next Government Needs to Reinforce Competitive Market for Energy Security — Column
Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. As Mexico prepares for its pivotal elections in June, energy policy has acquired a special place in public discourse. In the second…
May 6, 2024Shale Daily
Impactful news and transparent pricing for shale and unconventional plays across the U.S. and Canada.
• Natural gas prices at 20+ North American shale basins and unconventional plays
• Quickly understand major factors affecting on of the world’s largest natural gas supplies
• On-the-ground news coverage of crucial market events impacting supply and demand fundamentals
MidDay Alert
Natural Gas Futures Finding Further Upside — MidDay Market Snapshot
With recent developments supporting the summer export demand outlook, natural gas futures were headed for a third straight daily gain through midday trading Monday. Here’s the latest: June Nymex futures at $2.206/MMBtu, up 6.4 cents, as of 2:17 p.m. ET Nymex natural gas speculators increased their collective net short position during the week ended April…
May 6, 2024