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.
The Marcellus/Utica still has vast amounts of natural gas to supply the ongoing surge in demand from power generators and LNG exporters. But there’s a catch: A significant step-up in Appalachian production can only occur if new pipeline infrastructure is built to transport that gas to where it’s needed.
The U.S. is at the tail end of an incredible wave of LNG expansion that has so far seen nine new projects across seven terminals reach a final investment decision in a little over a year. Today, we take a closer look at the Commonwealth LNG project and what comes next for U.S. LNG development.
The Canadian NATGAS Billboard is a weekly, early morning email and report that’s designed to keep physical and financial participants informed of the various fundamental components that make up the complex Canadian natural gas market. This service saves readers time and confusion by compiling all the most critical data points into one clear and concise report.
U.S. oil and gas rig count gained one rig to 563 for the week ending June 5 according to Baker Hughes data, with little movement across most basins, as a two-rig gain in Permian offset a one-rig decline in Anadarko and all other basins were unchanged.
In Western Canada the oil-directed rig count increased by six this week, to 113 active rigs, which is 32% higher than the prior 10-year high for this time of year, while the gas-directed rig count increased by one to 54 rigs this week, in line with the prior five-year high for this time of year.
Plug Power said June 2 it has closed on the sale of a federal Investment Tax Credit (ITC) for ~$39.2 million associated with its hydrogen liquefaction facility in St. Gabriel, LA, (operated through Hidrogenii, its joint venture with Olin Corp. The St. Gabriel facility was commissioned in April 2025 and can liquefy up to 15 tons of hydrogen per day.
Given that the Iran war-driven surge in oil prices doubled Q1 E&P profits, a surge in capex to capture fatter cash flows seemed like a sure thing, but that would have been a losing bet. Today, we review oil and gas producers’ investment and production guidance and analyze potential future strategy.
According to data from the NGL Voyager Report, propane exports reached an all-time high of 2.1 MMb/d in May. The increase was largely due to more volume exported out of Enterprise’s Neches River flex terminal.
NATGAS Permian is a weekly natural gas fundamentals analysis focusing entirely on the key market drivers within the Permian basin. The report contains details and forecasts around natural gas production, demand, pricing, and a summary of pipeline outflows and capacities from the Permian to neighboring regions.
The rapid buildout of Permian gas processing plants and other NGL-related infrastructure in Texas and southeastern New Mexico isn’t just continuing, it’s accelerating. In today’s RBN blog, we discuss the latest project announcements and why gas and NGL production in the Permian are still rising.
U.S. propane inventories continued to build in late May, rising 2.1 MMbbl to 83.3 MMbbl and remaining well above historical levels. Meanwhile, propane exports fell sharply from the prior week to 1.65 MMb/d, though volumes remained higher than the same week last year.
The U.S. propane market typically follows predictable trends. With much of domestic demand occurring in the colder months, storage builds in the summer and is withdrawn in the winter. But since mid-April, storage levels have increased by only 1.2 MMbbl. Today, we explore what is going on and why.
