Alberta Gas Demand Reaches Record High in Latest Deep Freeze but Still Plenty of Gas in Storage

Data from RBN’s Canadian NatGas Billboard report reveals that Alberta, Canada’s largest gas consuming province, posted record high gas demand on January 12 of 8.74 Bcf (blue dashed oval in chart below), easily eclipsing the previous record holder of 8.27 Bcf set on February 23, 2023 (green dashed

Alberta Crude Oil Production Sets New Record in November

Data from the Alberta Energy Regulator (AER) reveals that Alberta’s total oil production achieved a new record in November 2023 of 4.16 MMb/d (rightmost stacked bars in chart below), the first time that output has surpassed the 4 MMb/d threshold.

Mexico Pacific Inks Additional Deal with ExxonMobil

Saguaro Energia LNG export terminal developer, Mexico Pacific Limited announced Tuesday (1/16) it has reached a deal with ExxonMobil to supply the global giant’s LNG Asia Pacific (EMLAP) business. Under the Sales and Purchase Agreement (SPA), Mexico Pacific will provide EMLAP with 1.2 MTPA of LN

Re-Exports of Canadian Heavy Crude Oil Ease Back in November

Based on data from the U.S. Census Bureau, re-exports of Canadian heavy crude oil from the U.S. Gulf Coast slipped to 225 Mb/d in November (height of the rightmost stacked columns in top chart below), a reduction of 40% versus the October record of 378 Mb/d.

Frigid Temperatures and High Prices Rattle the U.S. Gas Market over Holiday Weekend

The U.S. was rocked by widespread cold weather over the long holiday weekend. Temperatures plummeted across the country and the Midwest saw sub-zero temperatures.

Critical Regulatory Approval Granted for Trans Mountain Pipeline Expansion; Line Fill Targeted for End of March

Late on January 12, the Canada Energy Regulator (CER) granted approval to Trans Mountain Corporation (TMC), the federally owned corporation building the Trans Mountain Pipeline expansion (TMX, green dashed line in map below), to proceed with the installation of a smaller diameter pipeline along a

EPA's Proposed Rule Targets Methane Emissions from Oil and Gas Sector

The Environmental Protection Agency (EPA) published a proposed rule Friday that details the Methane Emissions Reduction Program (MERP), which features the federal government’s first-ever fee on the emissions of any greenhouse gas (GHG).

Mean Reversion - Crude-To-Gas Ratio Falls Back to Long Term Average

After spending most of 2023 in the stratosphere, the crude-to-gas ratio has reverted to the mean. This ratio is simply the price of WTI crude oil divided by the price of Henry Hub natural gas.

US Rig Count Down Slightly For Second Consecutive Week

US oil and gas rig count fell for the second consecutive week, dropping two vs. a week ago and falling to 619 for the week ending January 12 according to Baker Hughes.

Preliminary Deal Reached Between EQT and Texas LNG

EQT’s days as the largest gas producer in the U.S.

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