NEWS
Natural Gas News Feed
- Extending a multi-week stretch of steep cuts to domestic drilling activity, the U.S. rig count plunged 15 units to 696 for the week ended Friday (June 2) amid a slowdown in the oil patch, according to the latest numbers from Baker Hughes Co. (BKR). Natural gas-directed drilling was unchanged domestically for the period, with oil-directed… […]
- Natural gas futures faltered on Thursday, driven lower by a robust inventory injection that reflected strong production and anemic demand. The July Nymex gas futures contract, which has lost ground each day this week, dropped 10.8 cents day/day and settled at $2.158/MMBtu.. August lost 8.5 cents to $2.273. NGI’s Spot Gas National Avg. shed 39.5… […]
- Germany’s government continues to face criticism from environmental groups for its ambitious LNG import capacity plans and for supporting natural gas at the recent G7 meeting in Japan. Claims that Germany overestimated its liquified natural gas capacity needs have not been confirmed by the government. Two proposed onshore terminals in Stade and Wilhelmshaven, and the… […]
- Colorado Springs Utilities (CSU) has brought online six modular natural gas-fired units totaling 162 MW to replace the shuttered 207 MW Martin Drake coal-fired power plant. In a video posted online Tuesday (May 30), CSU highlighted the gas-fired units’ “small footprint and high reliability,” along with their “low emissions and low maintenance needs…” Following a… […]
- The Bureau of Land Management (BLM) garnered almost $79 million from a recent natural gas and oil lease sale in New Mexico and Kansas. Forty-five parcels totaling 10,123 acres were auctioned across Cheyenne County, KS, and in Chaves, Eddy and Lea counties, NM. The New Mexico counties are in the heart of the Permian Basin’s… […]