In The News

Wednesday, 01/13/2021

January 7, 2021 – Natural Gas Intelligence

Natural Gas Prices Projected to Jump in 2021 on Strong Export Demand, Moderate Production

By Kevin Dobbs

In the important Permian Basin, RBN Energy analyst Jason Ferguson said production has recovered to 11.5-12.0 Bcf/d, on par with 2019. “I see us growing some this year,” he said, to around 12.5 Bcf/d by late 2021. However, Ferguson does not expect Permian output to reach 13.0 Bcf/d until next year.

National production levels hung around 90 Bcf in November and December – near...

Wednesday, 01/13/2021

January 1, 2021 – BOE Report

Energy in 2021: The challenges of the coming year

By Maureen McCall

SLOWER CANADIAN RECOVERY-OR NOT

IHS Markit predicted earlier this year that world oil demand would recover at a record pace and then plateau just below pre-COVID-19 levels. Daniel Yergin has been quoted saying oil demand will return to 2019 levels by the end of 2021, 2022. The Canadian Energy Centre reported that Canadian oil sands have a unique ability to respond quickly to demand changes and quotes RBN Energy analyst Martin...

Wednesday, 12/30/2020

December 17, 2020 – S&P Global Platts

Pa. shale gas production flattens as drillers time the market, contain costs

By Bill Holland

EQT Corp. and other producers have been turning their gas production on and off like a light switch, RBN Energy gas market analyst Sheetal Nasta wrote Dec. 14. In contrast to other analyses focused on benchmark spot and futures prices at Louisiana's Henry Hub, RBN said drillers seem to be timing their flows to prices inside Appalachia, specifically at Dominion South, a pricing...

Wednesday, 12/30/2020

December 7, 2020 – Natural Gas Intelligence

Permian Highway Start-Up Sending Natural Gas to Gulf Coast

By Leticia Gonzales

On the company’s third quarter 2020 earnings call, CEO Steven Kean said that although associated gas production in the Permian is expected to remain slow given the weak oil price environment, PHP’s in-service would not be to the detriment of Kinder’s other gas systems in the basin since most of the existing takeaway is under reservation, fee-based contracts.

RBN Energy LLC analyst Jason Ferguson said...

Wednesday, 12/30/2020

December 2, 2020 – BOE Report

Heavy discount widens modestly as supplies grow

via Reuters

… Western Canada Select (WCS) heavy blend crude for January delivery in Hardisty, Alberta, traded at $12 per barrel below WTI, according to NE2 Canada Inc, wider than Tuesday’s settlement of $11.45 under.

Improving demand for heavy oil in the U.S. Gulf of Mexico has supported prices, but it will be slow to fully come back during the pandemic, said Martin King, senior analyst at RBN Energy. He added that with little Canadian crude...

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