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NGI - Historic Freeze Fuels Monstrous Weekly Natural Gas Price Rally, Leaves Texas Out in the Cold
Friday, 03/05/2021

February 19, 2021 – Natural Gas Intelligence

Historic Freeze Fuels Monstrous Weekly Natural Gas Price Rally, Leaves Texas Out in the Cold

By Leticia Gonzales

…The hefty premiums were a reflection of the myriad of pipeline issues that ensued as the bitter cold descended into the state. In addition to operational flow orders, forces majeure and other issues, pipelines in West Texas also contended with wellhead freeze-offs. RBN Energy LLC reported that Permian Basin associated gas bottomed out at around 3 Bcf/d but by Friday,...

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Forbes - Winterization And The Texas Blackout: Fail To Prepare? Prepare To Fail
Friday, 03/05/2021

February 19, 2021 – Forbes

Winterization And The Texas Blackout: Fail To Prepare? Prepare To Fail

By Jim Krane, Robert Idel and Peter Volkmar

..Natural gas is the workhorse of the Texas power grid, producing half of Texas’ power on average. So, gas’ failure in Texas this week was by far the most catastrophic. There was no chance of restoring full power in Texas without restoring the gas network.

Gas fell victim to two problems: frozen pipes and power outages. These were detailed in an ...

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NGI - Aftershocks of Spot Market Blowouts Felt in Natural Gas Forwards as March, April Prices Climb
Friday, 02/19/2021

February 18, 2021 – Natural Gas Intelligence

Aftershocks of Spot Market Blowouts Felt in Natural Gas Forwards as March, April Prices Climb

By Jeremiah Shelor

Over in West Texas, prompt-month fixed prices at Waha surged 66 cents for the period to $3.376.

Prognosticating the duration of production losses is difficult given that “there’s really not a good historical precedent” for the recent Arctic chill in the Midcontinent and Texas regions, RBN Energy LLC analyst Sheetal Nasta wrote in a recent blog post.

Nasta said...

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Natural Gas World - No Relief Yet for Vortex-Ravaged Southern U.S.
Friday, 02/19/2021

February 17, 2021 – Natural Gas World

No Relief Yet for Vortex-Ravaged Southern U.S.

By Dale Lunan

The weather event has led to a sharp spike in energy costs: cash prices for natural gas across trading hubs in the Midcontinent region reached or exceeded $1,000/mn Btu, according to trade media reports, while next-day power prices in Houston approached $1,500/MWh on February 16.

Texas governor Greg Abbott declared a state of emergency on February 12, ahead of Uri’s arrival, and on February 15 he ordered Freeport LNG to turn down operations...

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S&P Global - Natural gas spot prices soar as US West freezes
Friday, 02/19/2021

February 16, 2021 – S&P Global

Natural gas spot prices soar as US West freezes

By Bill Holland

Gas-fired power plants in Texas began shutting down for lack of the fuel on Feb. 15, according to Electric Reliability Council Of Texas Inc. officials. Wind turbines, a leading supply of Texas power, began icing up and going offline Feb. 15, but most of the 15 plant outages reported by ERCOT were thermal generators.

"The physical market, where schedulers at utilities and end-use facilities are responsible for ensuring there will be enough...

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