In The News

Thursday, 10/10/2019

October 9, 2019 – Natural Gas Intelligence

Weather Model ‘Chaos’ Leaves Natural Gas Futures Down a Third Day

By Leticia Gonzales

 

With a growing disparity between weather models and strong daily production data, natural gas traders pushed Nymex futures down another nickel on Wednesday. With traders expecting another loose storage stat in the latest government data due out on Thursday, the November contract settled 5.4 cents lower at $2.234/MMBtu. December slipped 5.5 cents to $2.436.

Spot gas prices were mixed again, with mostly...

Thursday, 10/10/2019

October 9, 2019 – Freight Waves

Beyond Stevens, a report lays out tough times for drivers operating in Permian Basin

By John Kingston

 

As the tanker division of Stevens Transport announced its closing this week, an analysis of the situation on the ground in the Permian Basin for trucks suggested things could get a lot worse. 

While the statements from Stevens said that a loss of business hauling frac sand was...

Wednesday, 10/09/2019

October 8, 2019 – The Wall Street Journal

Natural-Gas Producers Hard Hit by Tanking Prices

Supply glut drives down price, creates existential dilemma for gas-field companies

By Sarah Troy

It is going to take a heck of a winter to ease the pain for natural-gas investors and producers.

Dragged down by a supply glut, U.S. natural-gas futures recently suffered their longest losing streak since at least 1990, according to Dow Jones Market Data. The front-month gas futures contract fell 12 consecutive trading sessions...

Wednesday, 10/09/2019

October 8, 2019 – Seeking Alpha

Gas producers slammed as supply glut drives down prices

By Carl Surran

[…] "It is going to take a cold winter and more exports to keep natural gas prices out of the cellar," says RBN Energy's Rusty Braziel, chief executive of RBN Energy, and Tudor Pickering Holt analysts recently warned that nat gas might fall below $2/MMBtu before prices hit a floor. […]

[…] U.S. production rose to a record 37T cf last year, and the Energy Information Administration forecasts dry natural...

Wednesday, 10/09/2019

September 27, 2019 – Houston Chronicle

Enterprise Products Partners builds multibillion dollar empire ‘chasing demand’

By Sergio Chapa

Every morning at 8 a.m., executives and staff at Enterprise Products Partners meet in the board room of the company’s downtown Houston headquarters. Only one topic is on the agenda: how to make money that day.

The tradition began in 1968 when the late Houston businessman Dan Duncan founded the company as a propane delivery business. Some five decades later, the company has not only found ways to make money...

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