Click here to read the latest NGN In the News The days of cheap natural gas are over Forbes reports: Natural gas prices averaged a little more than $2.50 per mmbtu (million British Thermal Units) in 2016. Those days are over. Prices willaverage at least $3.50 to $4.00 in 2017. Prices have more than doubled […]
Analysis by Dr. Nancy Yamaguchi The oil price war took a massive toll on the active rig count in the U.S. In 2015, the active rig count fell by over 60%, dropping from 1,840 rigs at the end of 2014 to 698 rigs at the end of 2015. Another 234 rigs dropped out during the […]
Click here to read the latest NGN In the News U.S. natural gas production will increase in 2017 Forbes reports: After the first fall in U.S. dry gas production in more than a decade in 2016, output is sure to regain its upward trend in 2017. No wonder, EIA has Henry Hub prices increasing from $2.50/MMBtu last year […]
By Dr. Nancy Yamaguchi Oil prices opened the week at $52.55 on Tuesday following Martin Luther King Day in Monday. Prices were flat on Tuesday, but they slid to around $51/b on Wednesday. Prices on Thursday and Friday crept back into the neighborhood of $51.50. Today’s crude and product prices are continuing to increase, but […]
Click here to read the latest NGN In the News U.S. regulator to probe Kinder Morgan natural gas pipeline rates Reuters reported: U.S. federal energy regulators said Thursday they would investigate rates charged by two natural gas pipelines operated by Kinder Morgan Inc to determine if they may be over-recovering costs, resulting in unjust and […]
View today’s complete Natural Gas News report In the News Exxon Mobil buys Bass family holdings in Permian for $6.6 billion Star-Telegram reports: Exxon Mobil is buying 275,000 acres in the booming Permian Basin oil fields from the Bass family for $5.6 billion in stock and $1 billion in contingent cash payouts. The Irving-based oil company said Tuesday […]
View today’s complete Natural Gas News report In the News Aliso Canyon natural gas field could reopen after public hearings 89.3 KPCC (Pasadena, CA) report: state oil and gas regulators say they completed a safety review of a Los Angeles gas storage facility where a blowout spewed methane for nearly four months. Based on that, they […]
View today’s complete Natural Gas News report In the News ecoRI report: National Grid withdraws controversial pipeline tax National Grid has ended its controversial plan to charge its electricity customer for natural-gas pipeline projects, aconcept known as the “pipeline tax.” National Grid described the plan as “entering into long-term contracts for natural gas pipeline infrastructure and […]
Analysis by Martin Trotter After disappointing storage data the previous week, demand bounced back, registering a withdrawal of just over 150 bcf for last week’s storage report. The withdrawal, which exceeded some expectations, marked a notable increase in consumer demand week over week and edged storage levels down closer to the 5 year average. While […]
Analysis by Martin Trotter The first storage report of the new year painted a vastly different picture than the reports produced at the end of 2016. Compared with recent large withdrawals around 200 bcf, last week’s report appeared small – just 49 bcf versus an expected 80 bcf withdrawal. Additional supply in the marketplace now […]
