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.
More propane production. More exports. More inventories. The U.S. propane market, already oversupplied, is becoming even more so, putting additional downward pressure on prices. At the same time, surging demand from LNG exports and gas-fired power generation is pushing natural gas prices higher.
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US oil and gas rig count added two rigs vs. a week ago to climb to 548 for the week ending November 7 according to Baker Hughes. Rigs were added in the Haynesville (+1), Gulf of Mexico (+1) and All Other (+4), while the Eagle Ford (-2), Anadarko (-1) and Niobrara (-1) all lost rigs.
Rig counts remained well contained in the early stages of the winter drilling season.
Kinetik achieved full commercial in-service at its Kings Landing natural gas processing complex in late September, adding 220 MMcf/d of gas processing capacity in Eddy County, NM, the company said in its quarterly earnings call November 5.
Out of the blue, Plains All American has scooped up 100% of the EPIC Crude Pipeline.
LNG Canada confirmed the start up of Train 2 LNG production on November 6.
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BP has seen significant increases in drilling productivity in 2025 and could consider adding a rig in 2026, the company said during its quarterly earnings call November 4.
In their Q3 Earnings call, Western Midstream (WES) flooded the market with insight on synergies, commercial success and challenges with their new water-related assets.
Tourmaline advances gas strategy with new AltaGas storage, stronger Montney wells, and expanded LNG contracts.
