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Negative Prices, Rising Flaring Signal Pipeline Gridlock in Permian

OilPrice

Previously, we reported that natural gas at the Waha hub was selling for near-zero or sub-zero prices for much of 2024 thanks in large part to excess natural gas production in the Permian Basin coupled with limited takeaway capacity due to a shortage of gas pipelines. Consequently, Permian gas…

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U.S. Gas Prices Ease On Record Output

OilPrice

natural gas futures eased to a two-week low on Monday amid record output, negative spot prices at the Waha Hub and forecasts for mild weather. The Permian Shale boom led to a surge in associated gas production,

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Permian Basin produced 22 percent of natural gas in U.S. in 2024

Permian Basin Oil and Gas Magazine

marketed natural gas production remained relatively flat in 2024, according to U.S. Production averaged 113 Bcfd, according to EIAs latest Natural Gas Monthly. natural gas output. In 2024 more natural gas was produced in Appalachia than any other region 31 percent of the U.S. total or 35.6

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100 Mbbl/d increase in Canadian oil sands sends condensate demand up, AECO gas prices down

Enverus

The report examines the effects on AECO hub gas pricing, the Canadian benchmark price for natural gas, from what is expected to be exceptional levels of condensate-directed Montney drilling in the coming years. Due to insufficient growth within the highest-yielding condensate regions of the Montney gas play in B.C.

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Don't Stop - ONEOK, MPLX Ramp Up Their Permian-to-Gulf Infrastructure, Sometimes in Tandem

RBN Energy

Crude-oil-focused drilling and completion in the Permian Basin is generating fast-increasing volumes of associated gas and creating opportunities for midstream companies that provide wellhead-to-water services for natural gas and NGLs.

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Exploring the Future of Canadian Oil Sands and Montney Plays

Enverus

As Montney E&Ps pivot towards condensate-directed drilling, they will likely produce large quantities of associated gas. This could lead to an oversupply of cheap gas, putting downward pressure on AECO hub prices. Figure 2: Canadian bitumen, condensate and associated gas growth projections through 2030.

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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

In Angola, which has been an LNG producer since 2013, the NOC Sonangol is working with its New Gas Consortium partners Azule Energy, Cabinda Gulf Oil Company and TotalEnergies to increase LNG production capacity. Unlocking new E&P markets A slate of discoveries in recent years have opened up new oil and gas plays across the continent.

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