Overall Feedgas Last Week Averaged 11.63 Bcf/d

Overall feedgas last week averaged 11.63 Bcf/d, down 80 MMcf/d week-on-week, even as lower flows to Cameron LNG were partially offset by higher flows to Sabine Pass. Twenty-five LNG cargoes departed from U.S. terminals last week, up two from the previous week.

Oneok Weighing FID on Waha to Mexico NG Pipeline

Oneok announced in their 2Q 2023 earnings call they are still weighing the development of a Waha Hub to Mexico natural gas export pipeline, the Saguaro Connector Pipeline. The 48-inch pipeline would have an ultimate capacity of 2.8 Bcf/d and connect to an under-development pipeline on the Mexico

U.S. LPG Export Capacity Tightens; Propane Terminal Resale Values Jump

U.S.

In Cutting Off New Uranium Mining Around Grand Canyon, Biden Shows How Mining and Political Interests Can Collide

The U.S.

Corpus Crude Price Soars Above Houston Due to Quality and VLCC Economics; Supports Gray Oak Open Season

The disparity between the price of WTI crude in Houston (Magellan East Houston, or MEH) versus Corpus Christi WTI has widened to an average of $0.37/bbl month-to-date in August, the highest average spread since we’ve been keeping track of the data except for a brief blip in February. As shown i

Appalachia Natural Gas Midstream Expansions Heat Up

In a note a couple weeks ago, we discussed Williams' plans to ramp up brownfield expansions on Transco Pipeline, citing an influx of supply from Mountain Valley Pipeline (MVP) and increasing d

US Rig Count Continues Downward Trend, Falling To 654

US oil and gas rig count saw a third consecutive decline this week, declining to 654 rigs for the week ending August 11 according to Baker Hughes. The Anadarko (+1) was the only basin to add rigs, while the Permian (-2), Appalachia (-2), Gulf of Mexico (-1) and All Other (-1) all lost rigs.

Alberta June Oil Sands Production Data Heavily Impacted by Absence of Critical Information

At the end of each calendar month, the Alberta Energy Regulator (AER), the keeper of nearly all things related to energy data and regulation in Canada’s largest energy producing province of Alberta, releases statistical data on crude oil, natural gas and NGLs production, consumption, and exports;

TTF Futures Rally Following Strike Concerns in Australia

Netherlands TTF September futures have jumped 31% since Monday, closing at 39.823 €/MWh yesterday as workers in Chevron’s Gorgon and Whetstone LNG plants and workers on Woodside’s North West Shelf offshore gas platforms, which supply Woodside’s LNG facility by the same name, threaten to strike ov

TC Energy to Spin Out Liquids Pipeline Division into a Separate Publicly Traded Company

On July 27, TC Energy Corp., a Calgary, AB based midstream operator of natural gas and liquids pipelines, oil and natural gas storage, and power generation assets in Canada and the U.S. announced plans to spin out its liquids pipeline division into a separate publicly traded company.

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