With Production Not Backing Down, Natural Gas Forward Prices Soften Absent Summer Heat

Leave a Comment

This post was originally published on this siteStubbornly high production maintained its grip on natural gas forward curves during the May 18-24 period, with June prices averaging 20.0 cents lower, according to NGI’s Forward Look. With weather-driven demand at seasonal lows and storage inventories remaining at a surplus to historical norms, forward contracts dropped 16.0 …

With Production Not Backing Down, Natural Gas Forward Prices Soften Absent Summer Heat Read More »

Haynesville Declines Pace in Another Week of Retrenchment in U.S. Natural Gas, Oil Drilling

Leave a Comment

This post was originally published on this siteContinued retrenchment in domestic drilling activity saw the U.S. natural gas rig count fall four units to 137 for the week ended Friday (May 26), the latest numbers from Baker Hughes Co. (BKR) show. A decline of five oil-directed rigs saw the combined U.S. rig count drop to …

Haynesville Declines Pace in Another Week of Retrenchment in U.S. Natural Gas, Oil Drilling Read More »

June Natural Gas Futures, Spot Prices Pressured as Demand Evades Lower 48

Leave a Comment

This post was originally published on this siteNatural gas futures stumbled for the fourth time in five sessions on Thursday, bruised by weak demand and robust supplies. The June Nymex gas futures contract settled at $2.307/MMBtu, down 9.1 cents day/day. July fell 9.0 cents to $2.476. At A Glance: EIA prints 96 Bcf injection Front …

June Natural Gas Futures, Spot Prices Pressured as Demand Evades Lower 48 Read More »

CorEnergy to Sell MoGas, Omega Pipeline Systems to Spire for $175 Million

Leave a Comment

This post was originally published on this site (P&GJ) — CorEnergy Infrastructure Trust, Inc. has entered a deal to sell its MoGas and Omega pipeline systems to Spire Inc. for approximately $175 million in cash, the company said on May 25. The MoGas System is an interstate natural gas transmission and distribution system providing service …

CorEnergy to Sell MoGas, Omega Pipeline Systems to Spire for $175 Million Read More »

North Sea operators weigh options as Brent oil contributor Ninian to close

Leave a Comment

This post was originally published on this siteTotalEnergies said May 26 it was considering “various options” for transporting oil that feeds the UK’s flagship Brent crude blend after plans were announced for the closure of the Ninian oil field and associated infrastructure used by various operators in the area. Alberta-based Canadian Natural Resources announced its …

North Sea operators weigh options as Brent oil contributor Ninian to close Read More »

U.S. Supreme Court Permanently Restricts EPA WOTUS Rule

Leave a Comment

This post was originally published on this siteAfter years of litigation, we finally have closure on what is and what is not considered “waters of the United… Continue reading The post U.S. Supreme Court Permanently Restricts EPA WOTUS Rule first appeared on Marcellus Drilling News.