Strap in–the roller coaster ride continues. Yesterday the NYMEX Henry Hub front-month (July) futures contract for natural gas plunged 10%,… Continue reading The post NYMEX NatGas Price Down 10% After High Storage Number Released first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.
Read More...Last fall Mountaineer NGL Storage, a $500 million project in Monroe County, OH to build underground storage for ethane and other NGLs, asked Ohio regulators to cancel a key permit for the project (see Mountaineer Asks Ohio to Cancel NGL Storage Hub Permits). Our understanding was that until PTT Global Chemical makes a final investment
Read More...On Monday of this week we reported about natural gas withdrawals from underground storage for the week ending Feb. 12, which were the twelfth largest on record since 2010 and the biggest one-week withdrawal in the past two years (see Biggest Withdrawal from Underground NatGas Storage in 2 Years). Yesterday withdrawal numbers came out for
Read More...Dan Billman, a consulting geologist and president of Billman Geologic Consultants, has 32 years of experience in the Appalachian Basin. Billman says there is a “war for porosity” happening in the Marcellus/Utica region, by which he means a critical shortage of underground storage for methane and natural gas liquids.This post appeared first on Marcellus Drilling
Read More...The Appalachia Development Group (ADG) is leading an effort to build a ~$3.3 billion NGL storage hub in Appalachia. From the start, the thinking has been the storage hub would be located somewhere in West Virginia (see WV’s US Senators Lead the Charge to Build $10B NGL Storage Hub). But what’s this? ADG Chairman and
Read More...The amount of stored working natural gas at Oct. 31, was 37 billion cubic feet higher than the previous five-year end-of-October average, according to Energy Information Administration data. Natural gas in storage in 2019 went from a relatively low volume of 1.16 trillion cubic feet at April 1, to 3.72 Tcf at Oct. 31, due
Read More...The volume of working gas injected into underground storage slowed to the smallest amount in seven months in the latest weekly survey by the Energy Information Administration, Kallanish Energy calculates. For the week ended Nov. 1, just 34 billion cubic feet of working gas was placed into storage — the smallest amount since 25 Bcf
Read More...Equitrans (nee EQT Midstream) owns a natural gas storage field in Greene County, PA, in the southwest corner of the state, called Swarts Field. Natural gas storage fields are an important, but often overlooked, part of the natgas ecosystem. Last December the state Dept. of Environmental Protection (DEP) threatened to shut down Swarts Field because
Read More...Last July a group of 100+ southwestern Pennsylvania landowners sued EQT for failure to pay them rental fees for storing natural gas under their properties (see 100+ PA Landowners Sue EQT re Gas Storage Field Payments). That same group has just filed a request in U.S. District Court to upgrade the lawsuit to class action
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Energy independence is the result of a shale revolution that is now allowing the United States to produce 90% of its natural gas domestically and export too! Energy independence doesn’t get much clearer than this; 90% of our natural gas is now produced right here in the United
Read More...The volume of working natural gas injected in the most recent weekly report by the Energy Information Administration was under 100 billion cubic feet for the second straight week, Kallanish Energy reports. For the week ended June 28, 89 Bcf of working gas was injected underground, bringing total working gas stored to 2.39 trillion cubic
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Carbon dioxide storage is a lot closer than fractivists suppose and it will destroy any advantages claimed by renewables as that sector faces big problems. One of our alert readers who spends a lot of time studying these issues sent me three articles that, read together, tell us
Read More...On May 25, lightning struck a 1 million gallon condensate tank near Friendly (Tyler County), WV on a Saturday afternoon (see Lightning Strikes Huge Condensate Tank in Tyler, WV – Fire Now Out). At least, that’s the theory. The strike (if that’s what it was) ignited the tank, creating a “massive” fire according to news
Read More...Martin Midstream Partners said Monday it’s selling to Hartree Cardinal Gas its membership interests in Arcadia Gas Storage, Cadeville Gas Storage Monroe Gas Storage, and Perryville Gas Storage for $215 million in cash. The storage assets consist of roughly 50 billion cubic feet of working capacity located in northern Louisiana and Mississippi. The transaction is
Read More...The volume of working natural gas injected into underground storage during the week ended May 31, was the second-highest amount in 2019, and the fifth time this year the volume was measured in triple digits, Kallanish Energy reports. The Energy Information Administration reported 119 billion cubic feet of working gas was added to storage during the
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