RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
Efforts to develop a new LNG export terminal along the Delaware River near Philadelphia appeared to be going nowhere. But now it seems that Penn America Energy’s moribund plan for such a project has gained new life with a new company name and a new site — in Eddystone Borough, PA.
U.S. oil and gas rig count edged up one rig to 581 for the week ending July 10 according to Baker Hughes data, as gains in the Eagle Ford (+3) and Gulf of Mexico (+3) eclipsed a five-rig decline in Permian, with all other basins unchanged. Oil-directed rigs were unchanged at 445 and gas-directed rigs were unchanged at 126, while miscellaneous rigs climbed to 10 (+1). Total U.S. rig count is up 36 over the last 90 days and now stands 44 rigs above this week in 2025.
The monthly and weekly Propane Billboard reports feature insightful commentary and analysis of historical and anticipated trends in the U.S with a deep dive into the propane supply and demand balance by PADD. It includes a custom 1-year forecast with commentary and analysis on emerging market opportunities.
In Western Canada, the gas-directed rig count fell by one to 57 rigs, while the oil-directed rig count dropped by 11 to 116 rigs, for the week ended July 10, according to Baker Hughes data.
The price of the D4 Renewable Identification Number has increased 130% so far in 2026, a response to a 70% increase in the minimum bio-based diesel volume mandate and a higher price premium for soybean oil. Today, we analyze the additional factors at play, from theoretical and practical standpoints.
M&A activity in the oil and gas minerals/royalty space had quieted during a prolonged wave of major E&P consolidation. As that activity winds down, rising realizations for both oil and gas have spurred a major consolidation among royalty trusts as well as a recent successful initial public offering.
The EIA's Weekly Petroleum Status Report (WPSR) for the week ended July 3 pointed to a notable softening in U.S. crude market fundamentals, marking a shift away from the supply-driven tightness that has characterized recent weeks amid the Iran conflict.
U.S. propane inventories posted a counter-seasonal draw during the week ended July 3, well below industry expectations. The decline was centered in PADD 3, where inventories recorded their largest same-week draw.
The NATGAS Appalachia weekly report provides the data and insights to monitor the northeast natural gas market’s twists and turns and identify the risks and opportunities along the way, including tracking supply-demand trends, outbound capacity and their impact on takeaway pipeline utilization, and regional prices.
A number of states have been early movers in the data center world, but several in the Northeast — while not yet major data center hubs — are laying the groundwork for a much bigger role. Today, we examine the plans of several states and how they could impact the region’s natural gas market.
U.S. LNG feedgas demand rose last week as Golden Pass LNG restarted following a brief shutdown.
The WTI crude-to-gas ratio has declined for three straight months, falling to 21.40 in July to date and moving to within 5% of year-ago levels.
