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Weekly Natural Gas Spot Prices Mixed Due to Weather; Futures Soar on Tighter Balance
Shale Daily – Natural Gas Intelligence May 17, 2024 | 21:50 pmWeekly natural gas cash prices were mixed, as a preview of summer weather sent demand higher in portions of the country, and pipeline maintenance underway or ending provided varied directional support. NGI’s Weekly Spot Gas National Avg. for the May[…]
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Natural Gas Futures Extend Rally in Week’s Closing Session
Shale Daily – Natural Gas Intelligence May 17, 2024 | 21:38 pmJune natural gas futures surged Friday, extending a rally that brought the contract to near a four-month high as fundamentals suggest a balancing market. At A Glance: Futures up 13.1 cents Production stabilized Waha down after storm The front-month contract[…]
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Australia Looks to Couple Natural Gas Development With Net-Zero Goals
Shale Daily – Natural Gas Intelligence May 17, 2024 | 20:32 pmAustralia’s government has included initiatives for substantial natural gas development with the launch of its Future Gas Strategy plan intended to help the country transition to cleaner energy by 2050. The latest plan assures global energy partners and foreign investors[…]
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Regulatory Overhaul Said Key to Upgrading Mexican Energy System
Shale Daily – Natural Gas Intelligence May 17, 2024 | 19:30 pmImproving Mexico’s energy fortunes may be as simple as changing the regulatory environment, experts said Thursday in San Antonio, TX. “Between banks and the capital markets, there is an infinite capacity to finance needs” in Mexico’s natural gas and energy[…]
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No Weekly Change in U.S. Natural Gas Drilling Activity, Latest BKR Count Shows
Shale Daily – Natural Gas Intelligence May 17, 2024 | 19:03 pmThe U.S. natural gas rig count held steady at 103 for the week ended Friday (May 17), while a small increase in oil-directed drilling raised the combined domestic tally one unit to 604, according to the latest numbers from Baker[…]
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Natural Gas Futures Bulls Seeking Strong Finish to Week — MidDay Market Snapshot
Shale Daily – Natural Gas Intelligence May 17, 2024 | 18:49 pmFront month natural gas futures were charting new highs Friday as bulls aimed to make it a third consecutive positive session. In the spot market, meanwhile, deals for weekend and Monday delivery were mostly drifting lower. Here’s the latest: June[…]
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Gulfstream LNG Project Begins Regulatory Review Process at FERC, Secures Seed Funding
Shale Daily – Natural Gas Intelligence May 17, 2024 | 16:45 pmFERC has approved Gulfstream LNG Development LLC’s request to start the pre-filing permitting process, kicking off the regulatory review for its 4 million metric tons/year (mmty) liquefied natural gas export project planned for Plaquemines Parish, LA. The company submitted a[…]
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Lower Natural Gas Prices and Curbed Inflation Set Stage for Infrastructure-Supportive Interest Rate Cuts
Shale Daily – Natural Gas Intelligence May 17, 2024 | 14:53 pmNatural gas prices are on the rise in May, but they are coming off some of the lowest levels of the decade in April, as well as weakness through most of 2024. This sapped the will of natural gas bulls[…]
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Alberta’s Peyto Better Prepared for Wildfires, Expects Low Natural Gas Prices to Linger
Shale Daily – Natural Gas Intelligence May 17, 2024 | 13:17 pmAs wildfires rage across Western Canada, Peyto Exploration & Development Corp. has taken measures to mitigate potential impacts to its natural gas operations, according to CFO Tavis Carlson. Carlson and CEO Jean-Paul Lachance hosted a conference call to discuss first[…]
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When MVP Spigot Opens, Natural Gas Flows to Begin as Trickle, Putting Focus on SE Price Spreads
Shale Daily – Natural Gas Intelligence May 17, 2024 | 13:14 pmWhen the long-delayed Mountain Valley Pipeline LLC (MVP) starts up in the coming weeks, the natural gas flowing south into downstream markets is not expected to be anywhere near the pipeline’s full 2 Bcf/d capacity. That’s because past the southern[…]
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