In The News

Sunday, 07/15/2018

July 13, 2018 – Natural Gas Intelligence  

Northeast, Haynesville Flat as Natural Gas Drilling Drives Small Uptick in Rig Count

By: Jeremiah Shelor

The U.S. rig count inched higher during the week ended Friday, thanks to a small uptick in natural gas-directed drilling, though activity was flat in the largest gas-focused onshore plays, according to data from Baker Hughes Inc. (BHI).

Two gas rigs returned to action during the week in the United States, putting the total number at 189, roughly in line with 187 rigs running a year ago. The...

Sunday, 07/15/2018

July 11, 2018 – FX Empire

Natural Gas Price Fundamental Daily Forecast – Production Surge Continues to Weigh on Prices

By: James Hyerczyk

Essentially, the natural gas market shifted from a weather-driven market to a production-driven market. This turned the tide on the bulls, forcing them to give up hope for $4/MMBtu prices in mid-June even while forecasts still called for an extended heat dome over most of the United States into mid-July…

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Sunday, 07/15/2018

July 10, 2018 – Natural Gas Intelligence

Natural Gas Futures Bears in Control Thanks to Production Growth; SoCal Retreats

By: Jeremiah Shelor

Bears tightened their grip on the natural gas futures market Tuesday, sending prices lower as production continues to overshadow summer heat and storage deficits. Spot prices backed off Monday’s gains, including sharp declines in California and the Northeast coinciding with forecasts for less intense heat; the NGI National Spot Gas Average dropped 8 cents to $2.66/MMBtu…

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Thursday, 07/12/2018

July 9, 2018 – Bloomberg

Permian pinch spurs pipeline binge, and fears of overbuild

By: Rachel Adams-Heard

The pipeline crunch threatening the world’s hottest shale play won’t be solved until at least the back half of next year. But then, the floodgates will open.

Pipelines serving the Permian Basin in Texas and New Mexico were able to carry 2.9 million barrels of oil a day in the second quarter, according to analysts at Bloomberg NEF, and pretty much every line from Midland to the Gulf Coast is full. That’ll change in late 2019 as three...

Thursday, 07/12/2018

July 6, 2018 – Oil & Gas Investor

Frac Spread: Train Your Sights On The Price Differential

By: Joseph Markman

The price of the hypothetical NGL barrel at Mont Belvieu, Texas, shot up 6.7% in the five-day week ending before Independence Day to nearly $36, once more reaching a level not seen since October 2014 in the midst of the commodity price collapse that saw a 50% plunge in the last six months of the year.

Propane and normal butane also experienced hefty upticks at both Mont Belvieu and at Conway, Kan. Propane was up 10.4% at Mont...