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natural gas inventories climbed by 46 billion cubic feet (Bcf) last week, keeping total storage comfortably above seasonal norms. The build for the week ending July 11 brings total working gas in storage to 3,052 Bcf, according to today’s figures provided by the Energy Information Administration.
Bcf/d Mississippi Crossing (MSX) and 1.3-Bcf/d Bcf/d South System Expansion 4 (SSE4) projects will move more Marcellus/Utica gas into Mississippi, Ever so gradually, pipeline capacity to transport Marcellus/Utica molecules to other markets, particularly the Deep South, has been increasing. And it continues to grow, gradually.
billion cubic feet per day (Bcf/d) of EQT’s molecules. During EQT Corporation’s third quarter 2023 update and conference call (held in October 2023), the company announced “two of the largest, long-term physical supply deals ever executed” for 1.2
has signed an agreement with German power and gas utility Uniper SE for an eight-year supply of natural gas totaling 234 billion cubic feet (Bcf). has signed an agreement with German power and gas utility Uniper SE for an eight-year supply of natural gas totaling 234 billion cubic feet (Bcf).
In April, MDN told you that EQT Corporation, the second-largest natural gas producer in the country (and the largest producer in the Marcellus/Utica) was buying out and merging in Olympus Energy for $1.8 billion (see EQT Buying Olympus Energy for $1.8 Billion; 90K Acres, 0.5
For several years now, the biggest hurdle to natural gas production growth in the Marcellus/Utica was takeaway constraints — there simply wasn’t enough capacity on gas pipelines out of Appalachia to support a significant bump-up in regional output. Bcf/d Mississippi Crossing and 1.3-Bcf/d Things have been changing though.
The Marcellus/Utica has massive natural gas reserves, but daily, weekly and annual production in the three-state shale play is limited by three key factors: in-region demand, takeaway capacity and gas prices.
cents yesterday', Eli Rubin, an energy analyst at EBW Analytics Group, highlighted. cents yesterday', Eli Rubin, an energy analyst at EBW Analytics Group, highlighted. cents yesterday', Eli Rubin, an energy analyst at EBW Analytics Group, highlighted. “The August contract dropped 24.0
July 21, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Read more US drillers add oil/gas rigs for first time in 12 weeks, Baker Hughes says Summary : For the first time in 12 weeks, the U.S. million bpd and a 68% gas price hike will boost gas output to 105.9
July 28, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. The rule is intended to improve operational efficiency, reduce surface disturbance, and support increased domestic energy production. million bpd in 2025, and a 68% gas price hike will boost gas output to 105.9
Image by Vadym Plysiuk via iStock In an EBW Analytics Group report sent to Rigzone by the EBW team on Friday, Eli Rubin, an energy analyst at the company, highlighted an “implosion over the past week” in the July natural gas contract. “The July natural gas contract rolled off the board at $3.261 yesterday - a 72.8¢
stake in Waga Energy SA (EPA: WAGA), a French leader in renewable natural gas (RNG) production, in a transaction that values the company at approximately €534 million (US$611 million). This innovative system upgrades methane emitted from landfills into pipeline-quality biomethane, which can be injected directly into the gas grid.
Underground working natural gas storage capacity in the lower 48 states increased last year, according to the latest data from U.S. Energy Information Administration. EIA calculates natural gas storage capacity in two ways: demonstrated peak capacity and working gas design capacity. percent or 3 Bcf.
This year, bp completed drilling activities from two gas discoveries offshore the Mediterranean; El-King-2 and El Fayoum-5. The two exploration wells will be tied into the company’s existing onshore infrastructure as part of the West Nile Delta (WND) Gas Development project.
wells), and applying AI to extract common themes, here are the top five trends transforming oil & gas strategy for the remainder of 2025. Devon Energy improved completions efficiency by 12%. Coterra Energy acquired 49,000 acres in a top-tier zone of the Delaware Basin. Diversification isn’t just an ESG play.
shale gas output faces mounting economic challenges, Canada is presented with a timely opportunity to strengthen and expand its natural gas exports—though advancing key infrastructure projects like the Sunrise Expansion Program will be essential. billion cubic feet per day (bcf/d) of natural gas to the United States.
Rising demand for natural gas and favorable policy support are driving major U.S. producers and pipeline operators to revisit plans for new infrastructure in Appalachia—the country’s most productive gas region. During the winter of 2024–2025, heating a home with oil cost roughly twice as much as with natural gas. million U.S.
They also pay dividends Published Wed, Jul 9 2025 3:02 PM EDT Updated 2 Hours Ago Darla Mercado, CFP® @darla_mercado WATCH LIVE One corner of the energy market is poised to gain as data centers drive demand for natural gas-fueled power, according to TD Cowen – and a few of those providers pay attractive dividends, too.
Image by pavalena via iStock Vietnam Oil and Gas Group (Petrovietnam) and its joint venture partners have signed a product sharing contract (PSC) for Block 15-1 on the southern continental shelf of Vietnam. The asset is one of the few blocks in Viernam that contains large-scale commercial oil and gas fields. percent, SK Group holds 7.2
s Westcoast natural gas pipeline system for CA$715 million (US$511 million) — a landmark deal that represents the first transaction backed by Canada’s new federal Indigenous loan guarantee program. The deal marks Enbridge’s fourth equity partnership with Indigenous groups, and its first involving a natural gas pipeline.
Image by Jorge Elizaquibel via iStock Emerald Storage Holdings LLC, the parent company of Enstor Gas LLC and Mississippi Hub LLC, has received a Notice to Proceed with Construction from the Federal Energy Regulatory Commission (FERC) for the Mississippi Hub Expansion project. Bcf of additional working gas capacity and up to 0.7
natural gas sector. Low-Carbon Solutions and the AI Opportunity A standout narrative this quarter was CNX’s expanding role in delivering low-carbon energy to meet rising AI-driven power demand. Bcf of Remediated Mine Gas (RMG), and expects to process 17–18 Bcf of RMG in 2025. With NYMEX gas at $3.59/MMBtu,
CALGARY, Alberta (July 2, 2025) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages Generative AI across its solutions, has released its latest Fundamental Edge report. natural gas price outlook and the Iran-Israel conflict. Weekly storage injections are ~2.0
Bcfe for Q1 also boosted results for the Marcellus and Utica natural gas producer. Gas sales totaled 156.3 Bcfe, natural gas liquids (NGLs) 11.1 Gas averaged $2.84 Bcf of remediated mine gas (RMG). MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
Active Drilling Concentrated Among Top Operators Leading players like Chord Energy, Continental Resources, Chevron, and ConocoPhillips account for the bulk of 2025 activity, with some operators drilling over 100 wells since 2023. Infrastructure Limits Natural Gas Growth With natural gas production nearing 3.2
As temperatures dropped, oil field equipment froze, wells were shut in, and the natural gas needed to generate electricity crashed as the demand for power sky rocketed. Luminant Energy Co. At first pass, this event seems like it would constitute a force majeure event, and few natural gas purchasers and suppliers have argued otherwise.
ArcLight Capital Partners has finalized the acquisition of a 25% equity interest in the Natural Gas Pipeline Company of America (NGPL) from Brookfield Infrastructure, bringing ArcLight’s total ownership in the system to 62.5%. states, NGPL is one of the nation's largest natural gas transportation systems.
Since 2022, natural gas markets have experienced a series of extremes, including both unusually high and low inventory levels, which contributed to elevated price volatility. At the end of first-quarter 2025, US Lower 48 natural gas storage volumes were 4% lower than the 5-year average. 7, 2025, reaching a low of 1,698 bcf.
on Wednesday reported $615 million in adjusted net income attributable to common shares for the second quarter, up 13 percent from the same three-month period last year thanks to higher volumes of transported natural gas and refined oil products. Kinder Morgan’s natural gas pipelines carried 44.59 billion to $1.97 trillion Btupd.
Project Update: Prince Rupert Gas Transmission (PRGT) Pipeline Clears Key Regulatory Hurdle The British Columbia Environmental Assessment Office (EAO) has confirmed that the 750-kilometre Prince Rupert Gas Transmission (PRGT) pipeline retains its environmental certificate, clearing the way for construction to continue.
The Mako gas price will be linked to the Indonesian Crude Price (ICP), an oil price index similar to Brent. PLN EPI will finance and build the pipeline connecting the main West Natuna Gas line to Pemping Island and the onward link to Batam. Financial terms of the agreement were not disclosed.
(Oil & Gas 360) – MIDLAND, Texas–June 12, 2025. This could represent a transformative digital infrastructure footprint in the Permian Basin that will link abundant local energy in the Permian Basin with the surging demand for AI compute. Bcf of proved and probable helium reserves sourced alongside natural gas production.
In its latest June 2025 Short-Term Energy Outlook , the U.S. Energy Information Administration (EIA) delivered a sobering update on the Eagle Ford Basin—once a crown jewel of U.S. Gas Forecast One of the most significant adjustments in the June forecast was a 700 MMcf/d reduction in the EIA’s 2026 U.S. shale development.
Despite the Permian Basin being the second-biggest natural gas producing region in the United States, gas is a byproduct—and often a nuisance—here. But to keep the oil flowing, the gas must also flow, even when sales prices are negative. That can create some challenges for takeaway capacity. So everything’s fine, right?
Trinity Gas Storage, LLC is at the forefront of a new era in Texas energy resilience. Just six months after launching Phase I of its state-of-the-art 24 Bcfgas storage facility in Anderson County, East Texas, the company has continued expanding with momentum—and a clear focus on reliability, capacity, and innovation.
billion cubic feet (Bcf) a year or 1.21 Bcf per day, to both FTA and non-FTA countries. billion in annual export revenue, unleashing American energy, utilizing approximately 2,000 workers at the peak of construction and providing 270 high-paying jobs when the facility begins operations”, it claimed.
energy renaissance are now racing to meet the demands of a very different frontier: artificial intelligence (AI) data centers. These power-hungry facilities need one thing above all else: 24/7 reliable energy. oil and gas producers are positioning themselves to fuel the AI era. The same shale producers who drove the U.S.
Natural gas production averaged 2.23 Bcf/d, a. Antero Resources, which is 100% focused on the Marcellus/Utica with over 500,000 net acres under lease (and the largest M-U driller in West Virginia), issued its second quarter 2024 update yesterday. The company reports net production in 2Q25 averaged 3.43 Bcfe/d in 2Q24.
Boardwalk Pipeline Partners announced yesterday an open season to offer an extra 2 billion cubic feet per day (Bcf/d) of capacity along its 5,975-mile Texas Gas Transmission pipeline network that stretches from Ohio to Louisiana, running through Indiana, Illinois, Kentucky, Mississippi, and Arkansas along the way.
Last week MDN brought you the great news that Boardwalk Pipeline Partners launched an open season to offer an extra 2 billion cubic feet per day (Bcf/d) of capacity along its 5,975-mile Texas Gas Transmission pipeline network that stretches from Ohio to Louisiana, running through Indiana, Illinois, Kentucky, Mississippi, and Arkansas along the way (..)
Energy Information Administration (EIA), U.S. exports of liquefied natural gas (LNG) represent the largest source of natural gas demand growth this year. billion cubic feet per day (Bcf/d) in 2025 and by 15% to 16.4 Bcf/d in 2026. According to the U.S. LNG gross exports are expected to increase by 19% to 14.2
marketed natural gas production remained “relatively flat in 2024,” according to the U.S. Energy Information Administration (EIA). Gas production last year grew “by less than 0.4 Translated another way, production grew around 400.
(Oil & Gas 360) – Electricity Data For The Month Of March Highlights Why Many Are Likely To Soon Be Caught Very Natural Gas Short More energy needed to power the much needing to be done had 3.2% The quantity of electricity fueled by natural gas set new record highs 9 of the last 12 months (Figure 2.
(Oil & Gas 360) – Switching Back To An Employer-Driven Economy (From Ruler-Driven) Restoring Upward Mobility Of The Masses Will Have A Profitable Oil & Gas Drilling Boom. Last weeks 80 Bcf draw in working natural gas inventory has it down at 1,760 Bcf on February 28 (Figure 9, red line).
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