Natural Gas News – June 7, 2018

Alan Apthorp

Natural Gas News – June 7, 2018

The Permian Has A Natural Gas Problem

Oil Price reported: Analysts continue to focus on the surging oil production in the Permian and looming takeaway capacity bottlenecks that could slow down the oil growth in the biggest U.S. shale play. But constraints have also emerged in natural gas takeaway infrastructure, with pipelines nearly full and natural gas prices in West Texas diving on oversupply. Pipelines will not be able to handle all the excess associated gas from the soaring oil production, so the Railroad Commission of Texas is currently considering whether to keep the strict gas flaring limits or to loosen them. The Commission issues flare permits for 45 days at a time, for a maximum limit of 180 days. Currently, the natural gas pipelines in the Permian are 98 percent full, according to Bloomberg estimates. For more on this story visit oilprice.com or click https://bit.ly/2Lq9mkA

Natural  Gas Pipeline Explosion in Marshall County

WV Metro News reported: The TransCanada Midstream Pipeline exploded Thursday morning in Marshall County, authorities said. The explosion occurred just after 4 a.m. triggering a fire, which has now burned out. Marshall County Office of Emergency Management Director Tom Hart said there are no injuries and no property damage. The explosion happened in a rural area of the county known as Nixon Ridge. Hart said the fire burned itself out after the flow of gas was interrupted. “The line was shut off… the fire is out,” Hart told MetroNews. Nearby residents reported feeling the blast and seeing the fire. Hart said officials are waiting for the fog to lift and then they will survey the area with a drone to determine the damage. TransCanada spokesman Scott Castleman issued the following statement: At approximately 4:15 a.m. Eastern Time on June 7, 2018 there was an issue involving a natural gas pipeline on TransCanada’s Columbia Gas Transmission System in Marshall County, West Virginia. For more on this story visit wvmetronews.com or click https://bit.ly/2sE56ae

Market Condition Report - Disclaimer
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.

Sign up for FUELSNews for daily market information and insights
Sign Me Up
Give Us a Call Today

We are happy to discuss your business challenges over the phone and answer any questions.

800.695.6626

Send Us an Email

Ask your toughest questions. We'll get back to you with the best answer humanly possible.

Send Email

Find a Mansfield Location

Need to contact a specfic office? View contact information for offices across the country.

View Locations

Get a Quote Today

Let us know what type of fuel or service you need and a team member will get a quote to you quickly.

Get a Quote