As we’ve discussed many times before, the price for natural gas (especially the NYMEX futures price) is primarily determined by supply and demand — Economics 101. When there is too much supply with the same or less demand, prices go down. And boy, have they gone down! The problem we’ve struggled with all this year…
Read More...The price of natural gas is, in one sense, complex, with lots of variables depending on where the gas is bought and sold. On the other hand, it can be boiled down to a simple-to-understand formula: Supply and demand. Of course, it is the factors that go into supply and demand that make it so…
Read More...Canadian-based Enbridge operates, among many other assets, the Dawn Hub in the Canadian province of Ontario. Located in southwestern Ontario, Dawn, with 288 Bcf (billion cubic feet) of gas storage, provides shippers with direct access to North America’s major supply basins — including the Utica and the Marcellus. The Dawn Hub is connected to a…
Read More...In November 2022, one of the ten natural gas storage wells at the Equitrans Rager Mountain Gas Storage Area in Jackson Township, Cambria County (in Pennsylvania), began to leak. Equitrans is the owner/operator of Rager Mountain. The well leaked roughly 100 million cubic feet per day (MMcf/d) of gas into the atmosphere (see Equitrans Gas…
Read More...In November 2022, one of the ten natural gas storage wells at the Equitrans Rager Mountain Gas Storage Area in Jackson Township, Cambria County (in Pennsylvania), began to leak. Equitrans is the owner/operator of Rager Mountain. The well leaked roughly 100 million cubic feet per day (MMcf/d) of gas into the atmosphere (see Equitrans Gas…
Read More...Wow! That was fast! On Dec. 27, pipeline giant Williams issued a press release to announce a deal to buy six underground natural gas storage facilities located in Louisiana and Mississippi with a total capacity of 115 billion cubic feet (Bcf), as well as 230 miles of gas transmission pipeline and 30 pipeline interconnects, for…
Read More...According to the U.S. Energy Information Administration (EIA), the best number crunchers in the business, working natural gas in storage in the Lower 48 United States ended the natural gas injection season at 3,776 billion cubic feet (Bcf). The Lower 48 entered the winter heating season, which runs from November 1–March 30, with the most…
Read More...Two days ago, MDN reported on a proposed LNG storage project from Dominion Energy located in Greensville County, VA, that would provide a backup supply of natural gas for two Dominion gas-fired power plants (see Dominion LNG Storage for Va. Power Plant Exempt from FERC Regs). Low and behold, Dominion has plans for another similar…
Read More...Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. Last month, the report predicted new all-time highs for natural gas production in 2023 (see EIA Boosts Prediction for Record-High NatGas Prod. 2023…
Read More...Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months. Last month, the report predicted new all-time highs for natural gas production in 2023 (see EIA Boosts Prediction for Record-High NatGas Prod. 2023…
Read More...Last November, one of the ten natural gas storage wells at the Equitrans Rager Mountain Gas Storage Area in Jackson Township, Cambria County (in Pennsylvania) began to leak. The well leaked roughly 100 million cubic feet per day (MMcf/d) of gas into the atmosphere (see Equitrans Gas Storage Well in Cambria County, PA is Leaking)….
Read More...Last November, one of the ten natural gas storage wells at the Equitrans Rager Mountain Gas Storage Area in Jackson Township, Cambria County (in Pennsylvania) began to leak. The well leaked roughly 100 million cubic feet per day (MMcf/d) of gas into the atmosphere (see Equitrans Gas Storage Well in Cambria County, PA is Leaking)….
Read More...Equitrans Midstream owns two natural gas storage wells in the Swarts Complex and Hunters Cave Storage Fields area of Greene County, PA–in Center, Franklin, Morris, and Washington Townships. CONSOL Energy, which used to be part of CNX Resources but is now a standalone company focusing on the coal industry, plans to mine coal above and…
Read More...EVs Being Forced on Americans by Biden and the Crash Awaits … … [Editor’s Note: Biden’s all-out attempt to shove EVs onto Americans is going to end in a big crash and the warning signs of the approaching boondoggle fiasco are everywhere.] Electric vehicles (EVs) have been heralded as the eco-friendly saviors of our transportation
Read More...Long-range forecasts for hot weather and a lighter-than-predicted storage report for natural gas led to a 6% spike up in the price of the NYMEX Henry Hub yesterday, closing at $2.76/MMBtu. The National Weather Service released modeling yesterday that shows hot temps will get hotter for the end of July and the beginning of August….
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