Natural Gas News
U.S. rig count had a decrease of 7 this week, at 622
This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 7 over last week, resulting in a total count of 622 rigs. Canada had a decrease of 6 over last week, resulting in …
New gas discoveries offer glimmer of hope for Colombia’s energy sector
Despite significant potential, Colombia’s oil and gas industry has had a variety of highs and lows due to political disruption, varying international interest and other determining factors. With a more stable political outlook for the coming years, Colombia …
Weekly Gas Storage: Inventories decrease by 40 Bcf
Natural Gas Inventories as of March 1, 2024
The EIA has released its natural gas inventory report, showing a net decrease of 40 Bcf as of March 1, 2024.
Working gas in storage was 2,334 Bcf as of Friday, March …
EQT announces strategic production curtailment
PITTSBURGH, March 4, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT” or the “Company”) today announced it made the strategic decision to curtail approximately 1 Bcf per day of gross production beginning in late February …
U.S. rig count had an increase of 3 this week, at 629
This week’s Baker Hughes Rig Count shows that U.S. had an increase of 3 over last week, resulting in a total count of 629 rigs. Canada had no change over last week, resulting in a total …
Weekly Gas Storage: Inventories decrease by 96 Bcf
Natural Gas Inventories as of February 23, 2024
The EIA has released its natural gas inventory report, showing a net decrease of 96 Bcf as of February 23, 2024.
Working gas in storage was 2,374 Bcf as of Friday, February …
U.S. natural gas prices gain over 3% after hitting 1997 low
U.S. natural gas prices gained over 3% on Wednesday, recovering from a four-year low earlier in the week as European demand popped and unseasonably warm temperatures in the southern United States boosted cooling demand to make up for …
Goldman raises forecast of Brent oil summer price to $87
Faster-than-expected land inventory drawdowns due to seaborne trade disruptions from the Red Sea crisis have prompted Goldman Sachs to revise up its forecast for summer peak Brent Crude prices to $87 per barrel, up by $2 from earlier …
U.S. rig count had an increase of 5 this week, at 626
This week’s Baker Hughes Rig Count shows that U.S. had an increase of 5 over last week, resulting in a total count of 626 rigs. Canada had a decrease of 3 over last week, resulting in …
Weekly Gas Storage: Inventories decrease by 60 Bcf
Natural Gas Inventories as of February 16, 2024
The EIA has released its natural gas inventory report, showing a net decrease of 60 Bcf as of February 16, 2024.
Working gas in storage was 2,470 Bcf as of Friday, February …
Trans Mountain expansion may not give long-term price relief to Canada’s booming oil output
Canadian oil producers expect the discount on their crude to shrink significantly when the Trans Mountain pipeline expansion (TMX) starts this year, but the relief may be short-lived as surging supply looks set to exceed the country’s pipeline …
Tumbling US natural gas prices prove unstoppable, hurting producers
BRIDGEPORT, Texas – For nearly a year, U.S. natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an oil byproduct have unleashed record supplies.…
Guyana President calls for “immediate” development of natural gas resources
(Bloomberg) – Guyana President Irfaan Ali called for the “immediate” development of its natural gas resources to make the South American country a regional energy powerhouse on top of its rapidly-growing oil exports.
The government is requesting that …
Weekly Gas Storage: Inventories decrease by 49 Bcf
Natural Gas Inventories as of February 9, 2024
The EIA has released its natural gas inventory report, showing a net decrease of 49 Bcf as of February 9, 2024.
Working gas in storage was 2,535 Bcf as of Friday, February …
U.S. rig count had an increase of 4 this week, at 623
This week’s Baker Hughes Rig Count shows that U.S. had an increase of 4 over last week, resulting in a total count of 623 rigs. Canada had no change over last week, resulting in a total …
Weekly Gas Storage: Inventories decrease by 75 Bcf
Natural Gas Inventories as of February 2, 2024
The EIA has released its natural gas inventory report, showing a net decrease of 75 Bcf as of February 2, 2024.
Working gas in storage was 2,584 Bcf as of Friday, February …
Canada looks to capitalize as U.S. pauses LNG export licenses
The Biden administration’s decision to pause approvals of new licenses to export liquefied natural gas (LNG) is making major waves both at home and internationally. While there is much hand-wringing about the economic implications of the deal for …
Sparq Renewables, NextEra Energy break ground on Oklahoma RNG project
Publisher’s Note: Congratulations, Sparq Renewables! EnerCom celebrates the continued success of our clients.
Sparq Renewables, based in Oklahoma City, the city of Enid, Oklahoma, and NextEra Energy Resources LLC, based in Juno Beach, Florida, have announced the groundbreaking …
Natural gas producer EQT CEO dismisses Biden’s LNG freeze as political stunt
(Bloomberg) – The chief executive officer of the country’s largest producer of natural gas dismissed the Biden administration’s move to freeze new liquefied natural gas (LNG) exports as a political stunt, telling House lawmakers during a hearing Tuesday …
Energy trade groups urge Congress to counter Biden’s LNG ban with new legislation
(WO) – Energy Workforce & Technology Council (EWTC) joined the Independent Petroleum Association of America (IPAA), US Oil and Gas Association (USOGA), National Ocean Industries Association (NOIA), Texas Alliance of Energy Producers and Gulf Energy Alliance today in …
Weekly Gas Storage: Inventories decrease by 197 Bcf
Natural Gas Inventories as of January 26, 2024
The EIA has released its natural gas inventory report, showing a net decrease of 197 Bcf as of January 26, 2024.
Working gas in storage was 2,659 Bcf as of Friday, January …
Emissions pressure turns oil drillers into grid drainers
Something strange is happening in the U.S. oil patch. Oil drilling—an activity that has always been energy-intensive—has turned into a massive drain on the grid. The trend is an ironic twist to the U.S. grid problem, which is …