Posts from Christie Moffat

Sunday, 01/26/2020

The rapid increase of natural gas processing capacity in the Bakken in recent months has helped to ease producers’ growing pains, clearing the way for more crude oil and associated gas to be produced there and more Bakken gas to flow into the Midwest. That good news is countered, however, by bad news for Western Canadian gas producers, whose long-standing pipeline takeaway constraints only worsen as more Bakken gas flows into the Northern Border pipeline that cuts through North Dakota on its way to Chicago and other downstream markets. Today, we continue our series on the fight between Bakken and Western Canadian producers for space on Northern Border with a look at incremental flows into that key pipe.

Thursday, 01/09/2020

Southern California is poised to have greater natural gas supply flexibility this winter, buoyed by improved access to local storage and the completion of repairs on an important inbound pipeline. Ongoing pipeline outages and maintenance had limited flows over the past few years, creating supply constraints that were then compounded by restricted access to the Aliso Canyon storage field. This led to major volatility in gas prices, which spiked as high as $39/MMBtu in July 2018. Recent repairs and regulatory changes aim to alleviate the situation and limit the likelihood of dramatic pricing moves during the 2019-20 winter season. Today, we provide an overview of recent developments in the SoCal gas market.

Monday, 12/16/2019

After more than a year of reduced natural gas flows, inspections and integrity checks, Enbridge's Westcoast Energy/BC Pipeline system in British Columbia returned its T-South segment to normal operating pressure, effective December 1, ending 13 months of restricted exports of Western Canadian gas supplies to the U.S. Pacific Northwest gas market. The outage and the resulting reduction in export flows out of Western Canada had prolonged effects on local and downstream gas flows and prices, including a run-up in prices at the Sumas, WA, border crossing point to an all-time U.S. record high of $200/MMBtu last winter. Today, we provide an update on Westcoast flows and their downstream impacts.