RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
Efforts by midstreamers to add natural gas pipeline capacity into and through the Southeast took a big leap forward when Kinder Morgan sanctioned plans for the Southeast Connector, a greenfield pipeline intended to greatly enhance the delivery of Appalachian-sourced gas to the heart of the South.
Valero Energy is paying $320.5 million to purchase LyondellBasell’s mothballed refinery on the Houston Ship Channel, with plans to restart 165 Mb/d of light, sweet crude processing at the site by the end of 2027. Today, we discuss what it means for Valero and the U.S. refining outlook.
The monthly and weekly Propane Billboard reports feature insightful commentary and analysis of historical and anticipated trends in the U.S with a deep dive into the propane supply and demand balance by PADD. It includes a custom 1-year forecast with commentary and analysis on emerging market opportunities.
CNX Resources plans to drill in Southwest Pennsylvania Marcellus for the rest of the 2020s but shift to Central Pennsylvania Utica in the 2030s. However, it expects to maintain Appalachian production at a mostly constant rate unless the forward curve incentivizes expansion.
Chevron is on track to reach roughly 300 Mb/d of gross Venezuelan crude oil production by year-end and double output from its three joint ventures there to about 600 Mb/d by 2031, the company said during its quarterly earnings call October 30.
On LyondellBasell’s Q3 call, management said the Middle East conflict is only now showing up in the cost of petrochemical feedstocks.
Over the past six weeks, the NGL-to-crude oil price ratio has climbed from 0.34 to 0.48, supported by strong exports, tightening inventories and preparations for winter demand.
Imperial Oil released its third quarter 2026 results on October 30.
NGL Voyager offers subscribers a comprehensive market analysis of natural gas liquids exports which are driven by fundamentals, and combined with the latest industry buzz. The report examines U.S. export trends for propane, butane and ethane, and includes port of origin, destination and volume.
U.S. oil and gas rig count was unchanged at 603 for the week ending October 30 according to Baker Hughes data, its third consecutive week without a change and the fourth straight above 600.
In Western Canada the active gas-directed rig count rose by three to 68 rigs, while the active oil-directed rig count rose for the fifth straight week, gaining two to 152 rigs, for the week ended October 30, according to Baker Hughes data.
As discussed in their Q3 2026 Earnings call, Expand Energy is building more ways to reach premium gas markets, with its Twin Eagle acquisition and Delfin LNG agreement anchoring that strategy while Western Haynesville remains a longer-term supply option.
