Midstream

This post was originally published on this sitePioneer Natural Resources Co. CEO Scott Sheffield expressed a bullish oil price outlook on Thursday (Feb. 23) during the company’s fourth quarter earnings call. Irving, TX-based Pioneer is the largest producer in the Permian Basin, with operations focused on the Midland sub-basin. “We remain highly constructive on oil […]

This post was originally published on this siteNatural gas futures extended their recent rally in early trading Monday, drawing on a combination of technical momentum and colder March forecast trends. Coming off a 11.6-cent gain to close out last week’s trading, the April Nymex contract was up 15.0 cents to $2.698/MMBtu at around 8:40 a.m.

This post was originally published on this sitePropane infrastructure can face threats at different levels of the supply chain. Learn how to mitigate those operational threats. The post Protect physical, digital propane infrastructure appeared first on LP Gas.

This post was originally published on this siteA powerful winter storm delivered a swift kick to spot natural gas prices on the West and East coasts during the Feb. 21-24 work week, fueling multi-dollar gains amid heavy snow and rain and gusty winds. With moderate losses elsewhere of less than 30 cents or so, NGI’s

This post was originally published on this siteNatural gas futures prices ended the week on firmer ground as a chillier March outlook and the continued ramp of a key export facility supported the market. The March Nymex gas futures contract expired Friday at $2.451/MMBtu, up 13.7 cents from Thursday’s close. The April contract – which

This post was originally published on this site“We are the first private producers to develop gas in the Burgos Basin and connect to Cenagas,” Roberto Gutierrez, vice president of commercial sales at Verdad Exploration Mexico LLC, told NGI’s Mexico GPI in a phone interview. On February 15, Verdad connected their gas production from a block

This post was originally published on this siteThe U.S. natural gas rig count held steady at 151 for the week ended Friday (Feb. 24), while a slowdown in the oil patch dropped the combined domestic drilling total seven units to 753, according to the latest numbers from Baker Hughes Co. (BKR). Land drilling fell seven

This post was originally published on this siteA dichotomy of steep gains for the West and hefty losses everywhere else played out in natural gas forwards markets during the Feb. 16-22 trading period, NGI’s Forward Look data show. This dynamic largely reflected the latest weather maps from Maxar’s Weather Desk, which showed shades of blue

This post was originally published on this siteVenture Global LNG Inc. has inked a pair of long-term sales and purchase agreements for two of its developing export projects in Louisiana with China Gas Holdings Ltd. The company has agreed to supply China Gas with 2 million metric tons/year (mmty) of liquefied natural gas for 20

This post was originally published on this siteSouthwestern Energy Co. said Friday it would drop drilling rigs this year in the Appalachian Basin and Haynesville Shale, joining other natural gas-focused producers that have announced plans to curb activity in response to falling prices. “Given near-term market conditions, we have proactively moderated activity, resulting in slightly