Tariff Terror
It’s only February, and already this year has experienced a whirlwind of changes, particularly for the energy industry. Starting with the weather, a polar vortex-esque Winter Storm named “Demi” blasted most of the U.S., dumping record breaking snow in some southern regions, including the Florida Panhandle, then blanketed the northern United States with sub-zero temperatures. […]
Jazz in the Utah Gas Markets
Move over basketball, there is something else to be jazzed about in Utah, the gas markets. Like the champion Denver Nuggets, Colorado has long overshadowed its neighbor Utah as an energy producer, with its massive shale reserves and production in the billions of cubic feet a day – over 5 Bcf/d for Colorado vs Utah’s […]
Ever Increasing U.S. Natural Gas Exports – for Now
The Biden Administration dropped a bombshell last week, announcing a pause to some natural gas export facility approvals and a review of how such projects are evaluated. Future evaluations of LNG Export facilities will “adequately account” for domestic energy costs and greenhouse gas emissions. How this pause impacts future industry developments is yet to be […]
Potential Impacts of a Hurricane on Gulf LNG Exports
The advent of the LNG Export Era has had a dramatic impact on the North American Natural Gas Market. Nearly 13% of all natural gas produced in North America is shipped overseas to trading partners; exposing domestic customers to international markets. This global market exposure has been highlighted by the events in Ukraine when Russian […]
MVP Southgate: The Next Domino to Fall
With the “on again off again” nature of Mountain Valley Pipeline’s Status, there was bound to be collateral damage. In our August 2022 commentary “Can Mountain Valley Pipeline Reduce Inflation?” we discussed the background of the project and the benefits it would provide to Virginia customers. These benefits look to be on the horizon after […]
Haynesville and Marcellus: A Tale of Two Shales
Over the past two years, the oil and gas industry has seen record profit for producers, geopolitical conflicts, supply chain disruptions, inflationary and ESG pressures and a war to boot. A quote from A Tale of Two Cities comes to mind, and sums up quite nicely our recent circumstances: “It was the best of times, […]
California Energy Prices – When Things Break
Source: Adobe Stock California is certainly a state of extremes. It experienced extreme drought (leading to a low hydro year) and had extensive flooding later in the same year. Winter weather was cold, and parts of California were buried under a 50-year high snow just last week. One should expect some variance in energy prices […]
Could Mexican Natural Gas Infrastructure have prevented the disastrous impacts of Winter Storm Uri?
At the recent Mexico Infrastructure Projects Forum in Monterrey, Mexico, both government and private sector attendees came together to voice their concerns over deficiencies of Mexico’s energy supply chain, using Winter Storm Uri as “Exhibit A” to drive the point home. During Uri, pipeline deliveries of natural gas dropped dramatically, as shown in Figure 1 […]
Natural Gas Prices are Down, But for How Long?
What Goes Up Must Come Down… 2022 was a turbulent time for natural gas prices, not only in Europe, but in North America as well. Monthly Henry Hub prices settled over $8/MMBtu twice, and over $7/MMBtu for five months straight, driven largely by geo-political uncertainty and whipsaw market fundamentals. Prices that had not been seen […]
What do the Cowboys and Lower 48 Natural Gas Production have in Common?
Hard Work. Consistent, diligent, hard work (along with a little help from your friends) makes winning look easy. The American Football Cowboys’ running back tandem, Tony Pollard and Ezekiel Elliot, trampled the 8-1 Vikings, scoring four total touchdowns. Their success was made possible by a terrific offensive line. Similarly natural gas producers in the South-Central […]
