Haynesville is expected to produce a record 13.6 billion cubic feet per day (bcfd), about 15% of U.S. shale gas output next month. Private equity firms are looking to sell companies and land they own to take advantage of surging natural gas prices. The Haynesville spans northeast Texas and northwest Louisiana, is the second-largest shale gas producing region in the U.S. While the formation has smaller reserves than the Marcellus-Utica play in the Northeast, its proximity to the Henry … Continue reading “With Natural Gas Prices Surging Private Equity Looking to Cash Out of Haynesville Assets”
EIA Forecasts U.S. Natural Gas Inventories To Enter Winter Heating Season Below Average
The EIA in their September 2021 Short-Term Energy Outlook (STEO) forecast natural gas inventories ended August 2021 at about 2.9 trillion cubic feet (Tcf, which is 7% lower than the five-year (2016–20) average for this time of year.
U.S. Natural Gas Consumption Down With Switch to Coal Due To Higher Gas Prices
The EIA expect U.S. consumption of natural gas to fall 0.9% from 2020 in part from higher natural gas prices seeing electric power generators switch to coal. They expect U.S. natural gas consumption in 2022 mostly unchanged from 2021 in their September 2021 Short-Term Energy Outlook (STEO).
Europe Energy Crisis Years in the Making With Reactionary Environmental policy
What comes to mind with the current European energy crisis is the unexpected consequences of decision making without thought of possible headwinds. The current crisis has been borne out of what could best be described as ignorant energy and environmental policies. Putting the cart before the horse the issue with populist kneejerk policy.
Hurricane Laura To Hit US Crude Oil Exports in Texas
US crude exports could take big hit from Hurricane Laura, which is already a Category 4. Argus media reports Laura is set to make landfall near The Port of Beaumont, Texas, later Wednesday. This is the third top port hub for American crude exports.
Think Weather Models Are Flawed? They May Get Worse With 5G
Predicting weather as we know is difficult, some say just a gamble. Meanwhile climate change science, disaster management, agriculture and energy hedgers and really all of us seek accurate assessments. Will 5G help give us more accurate weather reports?
Canada Long-term Environmental and Economic Sustainability Challenges
Canada’s recent election highlighted challenges with income inequality and long-term environmental and economic sustainability. This is highlighted by it’s Inclusive Development Index (IDI) score, ranking 17th overall among advanced economies.
IBM Unwraps New GRAF Weather Forecasting System at CES 2019
IBM introduced it’s new global weather forecasting system at CES 2019 on Tuesday. The IBM Global High-Resolution Atmospheric Forecasting System (GRAF) was created with subsidiary The Weather Company using supercomputers and crowdsourced data.
Natural Gas Resting near Multi Year Lows After EIA Storage Draws -191 Bcf
This week Natural gas inventories drew -191 Bcf, higher than expected after last week’s -119 Bcf the EIA reported. Futures rest around 10 cents above multi year lows, with warmer weather threats prices remain pressured.
Natural Gas Storage Draws -99 Bcf With Bitter Cold
Another large natural gas draw expected following another volatile Natural Gas Futures expiration. Volatility continues with weather model conflicts.