Darren
Barbee
Oil and Gas Investor
US NatGas Storage Withdrawal Beats Expectations
Natural gas demand comes in slightly higher than usual, despite warming weather, in the Energy Information Administration’s weekly report.
EIA Reports Big NatGas Withdrawal, as Expected
According to the EIA’s weekly storage report, natural gas levels are 238 Bcf below the five-year average and 561 Bcf below the level from the same time last year.
EIA Reports Larger-Than-Expected NatGas Withdrawal, Again
The storage drop failed to offset warmer forecasts, as natural gas prices dipped following a three-week rally.
Natural Gas Prices Shoot Past $4
The market has responded to an oncoming cold snap, sending natural gas prices at the Henry Hub over $4/MMBtu.
The Latest
US NatGas Dominance Collides with Permitting, Tariffs, Layoffs
Executives at BP, Sempra Infrastructure and the American Petroleum Institute weighed in on U.S. natural gas prowess and the obstacles that could stand in the way: snagged permitting, prohibitive steel tariffs and layoffs of federal workers needed to approve projects.
Glenfarne CEO Expects FID on Texas LNG by End of 2025
Glenfarne Energy Transition executives are waiting on a re-issue of a vacated FERC permit for Texas LNG.
US Oil, Gas Rig Count Unchanged This Week
The oil and gas rig count was steady at 592 in the week to March 14. Baker Hughes said that puts the total rig count down 37, or about 6% below this time last year.
Kissler: Is it Time to Worry About Crude Prices?
Oil trends will hinge on China’s economy, plans to refill the SPR and how tariff threats play out.
Offshore Energy Projects Must Consider Jones Act’s Reach
Recent developments have extended the regulatory law’s reach from oil and gas activities on the Outer Continental Shelf to energy sources outside minerals—such as wind.
FERC Chair: Gas Needed to Head Off US Grid’s ‘Rendezvous with Reality’
Federal Energy Regulatory Commission Chairman Mark Christie is pushing natural gas to feed U.S. electrical grids before a “rendezvous with reality” occurs.
Sources: Citadel Buys Haynesville E&P Paloma Natural Gas for $1.2B
Hedge fund giant Citadel’s acquisition includes approximately 60 undeveloped Haynesville locations, sources told Hart Energy.
Bottlenecks Holding US Back from NatGas, LNG Dominance
North America’s natural gas abundance positions the region to be a reliable power supplier. But regulatory factors are holding the industry back from fully tackling the global energy crisis, experts at CERAWeek said.
USGS: 47 MMbbl of Oil, 876 Bcf of Gas in Conventional Rockies’ Basins
The U.S. Geological Survey surveyed areas where potential hydrocarbons in as yet undiscovered oil and gas formations in the Wind River, Bighorn and Powder River basins.
Trump Tariffs: Canada Looks East, West in Lieu of Exporting to US
“Don't be surprised if you see a lot of [Canadian] trade missions moving beyond North America,” an Ontario official said in a panel discussion on tariffs at CERAWeek by S&P Global.