Page 19 - Texas Eastern News Today

Canada’s Enbridge back in black in Q1 May 7, 2021 5:10:pm Summary by: Dale Lunan Posted in: Canada’s Enbridge back in black in Q1 Canadian energy infrastructure company Enbridge said May 7 it had reversed last year’s first quarter loss of C$1.4bn (US$1.15bn) with GAAP earnings of C$1.9bn in Q1 2021. Earnings last year were negatively impacted by a C$1.3bn after-tax impairment on the carrying value of Enbridge’s investment in DCP Midstream and by a C$1.5bn after-tax non-cash loss on the ...

The US oil and gas rig count climbed eight to 538 in the week ended April 28, rig data provider Enverus said, as the number of active gas rigs hit a one year high.

May Nymex Natural Gas Expires Higher on Warming Temperatures, Strong Exports BREAKING: U.S. EIA reports a 15 Bcf injection into storage inventories for the week ending April 23 Natural gas futures strengthen again as tight balances continue Cash notches more gains Part of a broad move higher across commodities, natural gas futures recorded a third straight day of gains despite an uptick in production and moderate weather outlooks. The May Nymex gas futures contract rolled off the board at $2.92...

No ‘Excitement’ Needed as May Nymex Natural Gas Contract Expires Above $2.90 Part of a broad move higher across commodities, natural gas futures recorded a third straight day of gains despite an uptick in production and moderate weather outlooks. The May Nymex gas futures contract rolled off the board at $2.925, up 5.2 cents from Tuesday’s close. June, which takes over the prompt-month position on Thursday, climbed 1.8 cents to $2.96. Spot gas prices also remained firm as warmer weather o...

Texas Gulf Coast Price Premiums To Endure As Gas Exports Tighten Regional Market Balance Surging natural gas export demand from Mexico and from the Gulf Coast LNG terminals is tightening the supply balance in East and South Texas recently as it promises to convert the region into a premium basis market. In April, exports to Mexico are averaging their highest level on record at over 6.1 Bcf/d. Feedgas deliveries to terminals in Texas and Louisiana, meanwhile, are setting their own record high th...

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now In April, exports to Mexico are averaging their highest level on record at over 6.1 Bcf/d. Feedgas deliveries to terminals in Texas and Louisiana, meanwhile, are setting their own record high this month, averaging over 10.5 Bcf/d. As overseas demand for Gulf Coast supply surges, basis prices in East and South Texas have staged a sharp turnaround this month, rising from steep discou...

Strong Export Demand Sparks Rally for Natural Gas Futures LNG, Mexican exports fuel gains for natural gas futures Weather seen as moderate through mid-May, but heat looming U.S. West, East coasts post higher cash prices on strong demand Natural gas futures struggled to gain traction early Monday, but continuously strong export demand eventually pushed prices into the green. With options and the May Nymex contract’s expiration looming, the prompt month settled at $2.790, up 6.0 cents from Frid...

Natural Gas Futures Prices Start Week on Solid Footing as Exports Still Strong Natural gas futures struggled to gain traction early Monday, but continuously strong export demand eventually pushed prices into the green. With options and the May Nymex contract’s expiration looming, the prompt month settled at $2.790, up 6.0 cents from Friday’s close. The June contract picked up 5.6 cents to land at $2.874. Spot gas prices were mixed as the East and West coasts put up notable gains, while the ...

Low Spring Demand Takes Toll on Weekly Natural Gas Prices; Futures Quiet Too, but Stronger Pricing Looms Picture-perfect weather across the country sank spot gas prices for the April 5-9 week, with markets on the East Coast leading the way with the steepest losses in the Lower 48. NGI’s Weekly Spot Gas National Avg. ultimately fell 15.0 cents week/week to average $2.250. Nymex futures were far less volatile, aside from the start of the week, when the May contract sunk to a year-to-date low af...

Enbridge upgrading pipelines to move more shale gas to the U.S. Northeast By Sergio Chapa on 4/9/2021 (Bloomberg) --Enbridge Inc. is moving forward with upgrades to its pipeline network serving the northeastern U.S. to ship more shale gas from the prolific Appalachian Basin as opposition to new conduits mounts in the region. The Canadian company’s plan includes a connection to a UGI Utilities facility in Pennsylvania and compression boosts that will allow it...