Permian producers and midstreamers have faced a lot of uncertainty over the past 12 months. First, they wondered how much demand destruction would be caused by pandemic-related lockdowns, how low crude oil prices might fall, and how much production would …

When it comes to hydrogen, it’s fair to say that hard data on what it costs to produce the fuel is difficult to come by, particularly for “green” hydrogen. If you’ve followed our current work on the fuel, we hope you know at least a few more facts than …

The run-up in crude oil prices the past couple of months has supported a rise in energy stock prices — since early November, the S&P 500 Energy Sector Index has increased by more than 40%. Yet, many investors, lenders and others remain wary of oil and gas …

Weather is the perpetual wildcard in the natural gas market, but it’s been particularly shifty this winter, keeping market participants — and weather forecasters, for that matter — on their toes. Gas futures prices started this season at $3.30-plus/MMBtu, …

A blast of Arctic air plunges the Midwest and Northeast into deep freeze. Already-low propane inventories result in supply shortages in local markets. Propane transport trucks move product hundreds of miles from storage hubs to replenish regional …

The biggest news on the Permian natural gas infrastructure front in the past couple of months was surely the start-up of the 2-Bcf/d Permian Highway Pipeline (PHP), which began flowing gas in the fourth quarter of 2020 and officially entered full …

It’s never easy in the commodity world, and despite oil prices comfortably above $50/bbl across the Permian, a new worry has come to the fore as we start the second month of 2021. No, it’s not a Reddit movement focused on the oil market, not even an OPEC+ …

Canada may be the land of backyard hockey, lacrosse, and loonies, but Canadians have many similarities to folks in the U.S. The same holds true for Canada’s refining sector, which like its American counterpart has been adjusting to big changes in domestic …

For many midstream companies, the experience of the past 12 months has been akin to falling down a flight of stairs. The fortunate sit at the bottom — stunned a bit, with arms and legs akimbo — and gradually determine that they’re generally alright, and …

Despite Northeast natural gas producers battling stiff headwinds last year — the lower rig count, sub-$1.50/MMBtu spot prices, lower demand, and price-responsive shut-ins in the shoulder periods — Northeast gas production volumes still managed to hit …

It’s a well-known fact in the energy and petchem industries that ethane is either “rejected” into natural gas or used as a feedstock for steam crackers. But piping ethane to NGL hubs, crackers, or export docks only makes sense if it’s economically viable …

Based on the response we received to our first-ever hydrogen blog last fall, it’s fair to say we didn’t waste this space on a fringe subject. To be honest, the level of interest in hydrogen far exceeded our expectations, and suggested that we might have …

Things move fast in today’s propane market. Two weeks ago, Mont Belvieu propane was going for almost 95 cents/gal, up 86% from the mid-November price of only 51 c/gal. Midcontinent propane assessed in Conway, KS, spiked even higher, doubling over the same …

After a two-year reprieve from a nearly decade-long period of severe pipeline constraints and debilitating prices, Northeast natural gas producers are again headed for a constraint-driven market in the next five years. Appalachian supply prices last year …

Sure, there was at least some hope among Keystone XL’s supporters that President Biden might back away from his promise to kill the much-maligned crude oil pipeline project. After all, KXL developer TC Energy had done all it could to make the 1,210-mile …

In the past few years, the Netherland’s Title Transfer Facility (TTF) overtook the UK’s National Balancing Point (NBP) to become the premier gas trading hub in Europe. TTF has gained favor over NBP largely due to its location closer to more markets, …

There are no absolute certainties in the energy industry, but one thing a lot of people are betting on is increasing demand for LNG in Asia. A long list of countries there — China, Japan, and South Korea among them — have been shifting from nuclear and …

U.S. crude oil imported from Western Canada averaged almost 3.6 MMb/d in the first 10 months of 2020 and accounted for 60% of total imports over the period. That’s some growth! Ten years ago, Canada was sending less than 2 MMb/d south and contributing …

Western Canada’s crude oil production, like in many other regions of the world during the spring of 2020, had to pull back sharply in response to the price and demand chaos brought about by COVID-19. By the end of 2020, oil production almost everywhere …

If you are looking for a way to focus on 2021 without reflecting on the last 12 months, we might have a deal for you. That’s because Permian natural gas and oil production is starting off this year at levels very close to where they finished 2019. That’s …