Ethane Ratio to Natural Gas Blasts Up to 1.4X, Leaving Rejection Behind

It’s been a wild year for the ratio of ethane to natural gas – simply the Mont Belvieu ethane price on a BTU basis, divided by the price of gas at the Henry Hub. As shown in the right graph below, in the spring the ratio was way up at 1.6X, but then crashed to average less than 1.0X during the su

Canadian Drilling – Oil and Gas Rig Counts Continue Sideways Trend

For the week ending October 18, Baker Hughes reported that the Western Canadian gas-directed rig count fell one to 64 (blue line in left hand chart below), 13 less than one year ago and holding very much in the 60s range where it has been since the start of July.

Slow Week For US Rig Count, Declining by One vs. Week Ago & Falling to 585

US oil and gas rig count showed little movement for the week ending October 18, declining by one vs. a week ago and falling to 585 according to Baker Hughes. Rigs were added in the Anadarko (+1), while the Haynesville (-1) and All Other (-1) both lost rigs.

Renewable Curtailments Continue to March Higher in California

Curtailments of renewable generation have continued to accelerate in the California Independent System Operator (CAISO) market in recent years, reaching as high as 840,000 MWh in April 2024 (see chart below), as the number of renewable energy projects coming online has outpaced increases in trans

Return of Gas Flows to Cove Point Helps Boost Appalachian Cash Basis

The Cove Point LNG facility in Maryland returned from its annual maintenance outage this past Saturday, and the facility has taken in 0.8 Bcf/d of natural gas on each day since returning.

Propane Inventories Surpass 100 MMbbl Amid Flat Exports

Total U.S. propane/propylene stocks reached above 100 MMbbl amid steady production and exports, which may be an effect of export capacity being close to maxing out.

Kinder Morgan Moving Ahead On Gulf Coast Express Pipeline Expansion

Kinder Morgan will expand its Gulf Coast Express (GCX) natural gas pipeline by 570 MMcf/d to move about 2.57 Bcf/d to the Agua Dulce hub in South Texas from the Permian Basin.

CNRL Takes Over TMX Space After PetroChina Withdraws as Committed Shipper

PetroChina will not be a committed shipper going forward on the newly commissioned Trans Mountain Expansion (TMX) crude system, according to a filing with the Canada Energy Regulator.

Phillips 66 To Shut Los Angeles-Area Refining Complex

Phillips 66 said this week the company will shut down its Los Angeles-area refinery complex in Q4 2025 given uncertainty about and impact of market dynamics on its long-term sustainability.

On the Right Track: Atlas Energizes Proppant Logistics with Dune Express Commissioning

Atlas Energy’s recent commissioning of the Dune Express project, as detailed in Enter Sandman, marks a major milestone in proppant logistics within the prolific Permian Ba

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