U.S. LNG feedgas demand rose by 0.24 Bdf/d last week driven by higher intake at Freeport and the new Plaquemines terminal, setting new records since it began operations.

The Permian Highway Pipeline from West Texas to Katy underwent maintenance last month between April 22 and April 25, and Waha prices were relatively unscathed, not experiencing the extreme lows associated with previous maintenance events in the capacity-constrained Permian Basin.

The propane-to-crude ratio — a key indicator of whether the propane market is tight or soft — has been on a wild ride so far in 2025. It’s calculated by dividing the price of Mont Belvieu propane (in $/bbl) by the front-month WTI crude futures price at Cushing.

US oil and gas rig count declined for the third consecutive week, falling to 575 rigs for the week ending May 16, a decline of two rigs vs. a week ago. Rigs were added in Appalachia (+1) and All Other (+1), while the Permian (-3) and Gulf of Mexico (-1) both lost rigs.

Tallgrass Energy has ambitions to build a greenfield natural gas pipeline from the Permian Basin to the Rockies Express Pipeline, the company said this week.