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U.S. natural gas futures climbed about 3% on Thursday on forecasts for cooler weather and more demand next week than previously expected and with an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants, including Freeport LNG. That price rise also came ahead of a federal storage report expected to …
U.S. Natgas Prices Up 3% Ahead of Storage Report as LNG Feedgas Rises Read More »
NV Energy sees unprecedented demand growth on its systems Electricity demand is expected to more than double this decade Executives of US Western utilities owned by Warren Buffett’s Berkshire Hathaway Inc. conglomerate said more natural gas power plants will be needed to supply unprecedented demand growth on their systems. NV Energy Inc. sees natural gas generators playing a …
Buffett Utilities Say More Gas Plants Needed to Meet Demand Read More »
Kimmeridge Energy Management said on Tuesday it has withdrawn its proposal to combine its gas-producing assets in South Texas with SilverBow Resources. Kimmeridge, SilverBow’s largest shareholder, in its latest attempt to acquire the company over the last two years had sent its offer on March 13 to combine assets. Along with Riposte Capital, SilverBow’s second-largest …
Kimmeridge Withdraws Merger Proposal for SilverBow Read More »
U.S. natural gas futures fell about 2% to a more than two-week low on Monday, weighed down by lower demand forecasts for this week than previously expected due primarily to a drop in feedgas to the Freeport LNG export plant in Texas. Front-month gas futures NGc1 for April delivery on the New York Mercantile Exchange …
U.S. Natgas Futures Hit Over 2-Week Low on Lower Demand View Read More »
April 15 (Reuters) – EQT said on Monday it would sell 40% interest in its non-operated natural gas assets in northeast Pennsylvania to Equinor USA Onshore Properties for $500 million in cash and some assets.
U.S. natural gas futures held near a two-week low on Friday on worries about a huge storage surplus and forecasts for lower demand over the next two weeks than previously expected due primarily to a drop in feedgas to the Freeport LNG export plant in Texas. Analysts forecast gas stockpiles were about 36% above normal …
U.S. Natgas Prices Hold Near 2-Week Low on Lower Demand Forecasts Read More »
(Reuters) – President Joe Biden’s administration on Friday finalized a range of reforms designed to boost returns and address environmental harms from oil and gas drilling on public lands. The new rules follow years of criticism from green and taxpayer groups that federal oil and gas development was not benefiting the public. Many of the …
U.S. Finalizes Big Reforms to Federal Oil and Gas Drilling Read More »
Producers are bringing more wells online, adding fuel to a glutted market. There’s so much natural gas flowing from Texas wells that producers are paying customers to take it off their hands. They can blame oil prices. With crude hovering near a six-month high, the companies extracting it are tapping a stash of wells they drilled but hadn’t …
Oil Rally Is Driving Texas Gas Prices Below Zero Read More »
U.S. natural gas futures edged up about 1% to a five-week high on Wednesday on an increase in feedgas to the Freeport LNG export plant and a drop in output as pipeline maintenance trapped gas in Texas and producers continued to reduce drilling activities after prices collapsed to 3-1/2-year lows earlier this year. Limiting price …
U.S. Natgas Prices Hit 5-Week High on Rising Feedgas to Freeport LNG, Output Drop Read More »
U.S. natural gas futures climbed about 3% on Monday on forecasts for more demand this week than previously expected and a continued drop in output as producers reduce drilling activities after gas prices fell to 3-1/2-year lows in February and March. Gas prices increased despite forecasts for milder weather and lower demand next week than …
U.S. Natgas Prices Climb 3% on Forecasts for More Demand, Less Output Read More »
