Cheniere Announced its First Export Cargo from its Corpus Christi Stage III Expansion

Cheniere said it exported its first LNG cargo from Corpus Christi Stage III earlier this month, and anticipates making construction improvements throughout the year.

Permian Natural Gas Outflows Down on Freeze-Offs, But Seem Unaffected by Earthquake

Overall outflows of gas from the Permian Basin were down 0.76 Bcf/d, driven by the midweek freeze offs, with outflows on all routes except to Mexico down week-on-week. Outflows to the East averaged 11 Bcf/d, down 0.77 Bcf/d week-on-week.

Permian-to-Houston Crude Oil Flows Continued Rebound in September

Permian Basin crude oil flows to Houston extended their recovery in September (see blue line on the chart below), rebounding from the sharp decline in June — the lowest volume since September 2023 — according to the latest monthly data from the Texas Rail

WTI Midland Reaches Highest Price Differential in 11 Months

Last week, the price differential for crude oil that is shipped from the heart of the Permian Basin in West Texas to the Midland, TX hub (the “true” WTI) reached a high of $1.53/bbl (green dashed circle in chart below).

Front of Natural Gas Forward Curve Up $1/MMbtu, But The Back Has Not Budged

Compared to last winter, this year natural gas prices have soared. As shown in the left graph below, in 2024, February 21 natural gas settled at $1.77/MMbtu (green oval) while on the same day this year (Friday) the gas price came in at $4.15 (red oval), an increase of $2.38/MMbtu. Has there be

US Rig Count Climbs To Highest Level Since June On Gains In Anadarko

US oil and gas rig count climbed to its' highest level since June 2024, adding four rigs and climbing to 592 for the week ending February 21 according to Baker Hughes. This week's gains were driven by a significant increase in the Anadarko, which added five rigs, while Appalachia added one rig.

Canadian Drilling – Steady Ahead for Gas and Oil Rig Counts

For the week ending February 21, Baker Hughes reported that the Western Canadian gas-directed rig count fell one to 70 (blue line and text in left hand chart below), 20 less than one year ago and holding just below the five-year range.

Fortescue Reconsidering Timeline for Arizona Hydrogen Project Amid Policy Uncertainty

Australia’s Fortescue may adjust the timeline for its $550 million green hydrogen project in Arizona as it assesses the change in U.S. energy policy under the Trump administration, CEO Mark Hutchinson said during the company’s earnings call Thursday.

Backstage Pass Webcast - Dream On: What Current U.S. Natural Gas Fundamentals Tell Us About The Price Outlook

A webcast on Current U.S. Natural Gas Fundamentals & Price Outlook
Exclusively for Backstage Pass Subscribers
Presented by David Braziel, President & CEO of RBN Energy
Replay is available now!

February Cold Pushes Strong Withdrawals from Alberta and Ontario Gas Storage

Natural gas storage activity in Canada’s two largest gas storage regions of Alberta and Ontario have been experiencing very strong withdrawals during the month of February.

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