Natural gas prices are at $3.04/MMBtu, up from last month’s $2.92, and up from a low during this last month of $2.70, but also down from a high during this last month of $3.12.
Gas storage is at 3,343 Bcf, just a little below last year’s 3,381 Bcf and still above the five-year average but below the five-year high.
Drilling rigs are at 539, the same as last month, but up from a low this month of 536.
Production is up in West Virginia, and the industry is looking forward to AI data centers being built as that will eventually add to our production numbers.
We’re about three-quarters of the way through the year, and the EIA is predicting that the country’s oil and gas production will set record highs.
An orphaned well (owned by a now defunct company or deceased person) that was being plugged exploded and injured all six of the crew members that were on site.
A full 30 percent of the energy the U.S. produces is sent to other countries.
Well, this is unusual. EQT is going to buy LNG from Sempra, from the Port Arthur LNG facility. Usually EQT is the one doing the selling. They must think they can sell it at a profit, which makes them an LNG trader as well as a natural gas producer.
West Virginia’s Governor has set a goal for the State to have 50 GW (currently 16GW) of power production by 2050. I’ll bet a large chunk of that gets taken up by data centers. I hope that a large chunk of that is natural gas plants.
August saw the U.S. set a record for the largest amount of LNG it has ever exported.
EQT is going to buy LNG from NextDecade, from the Rio Grande LNG plant. They’re really leaning into this LNG trader thing.
Shelley Moore Capito is still pushing for permitting reform.
EQT is going to buy LNG from Commonwealth, which hasn’t even gotten to the point of a Final Investment Decision (FID) on an LNG plant in Cameron Parish, Louisiana.
Expand Energy’s CEO says that future natural gas prices are going to be more volatile. Buckle up.
International demand for natural gas is expected to increase through at least 2030.
Oil prices are likely to drop soon, as the Saudis are about to increase production and summer demand is about to go down.
Apparently Greece is connected to a pretty extensive natural gas pipeline network, and U.S. administrators are looking into the possibility of Greece being a natural gas hub of sorts. Who knew?
Trump administration officials said that the U.S. will double its LNG exports to the EU in the next five years.