Canadian Natural Gas Prices Struggling as AECO Prices Near Three Year Lows

Like much of the rest of the natural gas market, Western Canada is stuck between the proverbial rock and hard place: too little demand and too much gas.

US Exports Record LNG in April

Overall feedgas last week averaged 12.82 Bcf/d, down 790 MMcf/d week-on-week. The drop was due to lower flows to Corpus Christi and Cameron.

Propane Back on Sale as Prices Fall Below 40% of WTI Crude Oil

Propane is on sale again! U.S. propane prices have weakened relative to WTI crude oil over the last few months, falling below the 5-year minimum to 38.9% as of May 1. The chart below shows the ratio of the price of Mont Belvieu non-TET propane and WTI crude oil as a simple percentage.

Permian Midstreamers Targeting a Huge 5 Bcf/d Gas and 750 Mb/d NGL Expansion from New Gas Processing Capacity

Between Q4 2022 and Q4 2024, we have tabulated 22 new natural gas processing plants planned to come online in the Permian, with most from Targa, Enterprise, Energy Transfer, MPLX, Brazos, Kinetik, Western Midstream, Enlink, and West Texas Gas as shown below. Five of the plants are already online

'Chevron Deference’ in the Crosshairs as Supreme Court Agrees to Take Case

The Supreme Court said Monday that it would hear a case — Loper Bright Enterprises v. Raimondo — that could limit or end the so-called Chevron Deference, the long-standing deference of courts to a federal agency’s interpretation of an ambiguous statute.

CGT Fire Briefly Spooks Gas Futures Market

June Henry Hub gas futures prices briefly jumped to a high of nearly $2.53/MMBtu just before 8 am CT Friday as Columbia Gulf Transmission (CGT) — a major Appalachia takeaway pipeline that also supplies Gulf Coast LNG demand — reported an early-morning lightning strike and fire on its system, at t

US Rig Count Increases For Second Consecutive Week - Adding Two Rigs To Reach 755

US Oil and Gas rig count increased for the second week, climbing two rigs to reach a total of 755 according to Baker Hughes data for the week ending April 28. Rigs were added in the Permian (+3), Appalachia (+2), Gulf of Mexico (+1) and All other (+2), while the Anadarko (-3), Eagle Ford (-1), H

Growing Demand Could Squeeze U.S. Crude Inventories

In response to the Russian invasion of Ukraine and subsequent sanctions, the US Strategic Petroleum Reserve (SPR) was called upon to ease the supply-short market.

Hydrogen Update

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