Nat Gas News – September 26, 2017
Nat Gas News – September 26, 2017
Farmer’s Almanac Winter Forecast Very Bullish For Natural Gas Prices
Seeking Alpha reports: The Old Farmer’s Almanac is predicting a very cold 2017/2018 winter for the West and South. Based on the forecast natural gas futures prices could move up significantly before the end of winter, assuming of course that the forecast verifies. Specifically, notice the cold forecast for Texas, Oklahoma, Louisiana, Mississippi, and Alabama. These states make up the heart of the South Central storage region. According to the EIA weekly natural gas storage report, the South Central Region is 5.5% above the widely followed five-year storage average. This is primarily due to Hurricane’s Harvey and Irma which wiped out power demand for a few days in Texas and Florida respectively. Most of the power has been restored and demand is back to normal. For more on this story visit seekingalpha.com or click http://bit.ly/2xyc81O
Exxon aims to curb methane emissions from shale division
Reuters reported: Exxon Mobil Corp said on Monday it would launch a program to curb its methane emissions from its U.S. shale facilities by replacing aging equipment and updating dated technology, part of a plan by the company to reduce its environmental footprint. Exxon will replace outdated natural gas-powered pneumatic pumps, which chronically leak methane into the atmosphere, with compressed air-powered pumps. Such pumps can regulate pressure, temperature and other variables in oilfield equipment. The company will also boost employee training on methane emissions reduction and begin to study how satellites, drones and other equipment can better be used to detect leaks. The program has received praise from some environmental groups, who said Exxon is taking a step to curbing greenhouse gas emissions. For more on this story visit reuters.com or click http://reut.rs/2yq9oTd
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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.
