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Oil, Gas, And Fracking News Reads: 21February 2021

The natural gas storage report from the EIA for the week ending February 12th indicated that the amount of natural gas held in underground storage in the US fell by 237 billion cubic feet to 2,281 billion cubic feet by the end of the week, which left our gas supplies 105 billion cubic feet, or 4.4% below the 2,386 billion cubic feet that were in storage on February 12th of last year, but 57 billion cubic feet, or 2.6% above the five-year average of 2,224 billion cubic feet of natural gas that have been in storage as of the 12th of February in recent years....the 237 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast of a 251 billion cubic foot withdrawal from an S&P Global Platts survey of analysts, but much more than the 141 billion cubic foot withdrawal from natural gas storage seen during the corresponding week of a year earlier, as well as the average withdrawal of 142 billion cubic feet of natural gas that have typically been pulled out of natural gas storage during the same week over the past 5 years...

Arkansas , United-states , Lafourche-parish , Louisiana , El-paso , Texas , Tamaulipas , Sinaloa , Mexico , Fort-worth , West-delta , Kansas-city

Freeze Slams Texas; Power Could Be Out for Days

Freeze Slams Texas; Power Could Be Out for Days
The deep freeze that has forced the shutdown of U.S. refineries, oil wells and meat plants, disrupted shipments of soybeans and corn, and is still leaving more than 3 million customers without electricity could continue to keep parts of Texas in the dark for several days.
To prevent the collapse of their networks, suppliers from North Dakota to Texas implemented rolling power cuts for a second consecutive day. The operator of the Texas electric grid no longer expects all service to be restored in the state by Tuesday night, saying it could take days for enough power plants to be up and running. Utility CenterPoint Energy Inc. also warned residents blackouts may last for several more days

New-york , United-states , Arkansas , Louisiana , Illinois-river , Oklahoma , Eagle-ford , Texas , United-kingdom , Missouri , Kentucky , Port-neches

Texas Grid Official Expects Power Back Tonight: Energy Update

Blackouts Likely to Continue as Power Supplies Stay Low (7:20 a.m.)
The need for rolling blackouts to control demand on the Texas power network is likely to continue as data shows little sign of improvement in available power supply. Load on the system remains at suppressed levels indicating that restrictions are still in place.
Oil Prices Hold Above $60 as Crisis Spurs Rush for Fuels (4:30 a.m.)
West Texas Intermediate futures held onto gains accumulated this week trading above $60 a barrel while Brent rose for a third day. U.S. gas futures traded near the highest for three months and contracts in Europe surged.

New-york , United-states , Arkansas , Louisiana , Illinois-river , Oklahoma , Eagle-ford , Texas , United-kingdom , Missouri , Kentucky , Port-neches

Freeze Could Keep Texans in the Dark for Days: Energy Update

Freeze Could Keep Texans in the Dark for Days: Energy Update
Bloomberg
2/17/2021
Joe Carroll and Naureen S. Malik
(Bloomberg) -- The deep freeze that has forced the shutdown of U.S. refineries, oil wells and meat plants, disrupted shipments of soybeans and corn, and is still leaving more than 3 million customers without electricity could continue to keep parts of Texas in the dark for several days.
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Operators have been slow to get power generation back online and data showing the availability of generation has little signs of improvement. Without any additional supply, rolling blackouts are likely to be needed Wednesday to prevent the total collapse of the network. On Tuesday, the blackouts spread to North Dakota, Arkansas, Louisiana and Mississippi.

New-york , United-states , Arkansas , Louisiana , Illinois-river , Oklahoma , Eagle-ford , Texas , United-kingdom , Missouri , Kentucky , Port-neches

Permian Giant Occidental Curbs Oil Deliveries: Energy Update

Permian Giant Occidental Curbs Oil Deliveries: Energy Update
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

New-mexico , United-states , Oklahoma , Arlington , Texas , Eagle-ford , Corpus-christi , Freeport , Houston , America , American , Dan-woodfin

Freeze Halts Fracking; Amazon Closes Facilities: Energy Update

The deep freeze that has forced the shutdown of U.S. refineries, oil wells and meat plants, disrupted shipments of soybeans and corn, and is still leaving more than 3 million customers without electricity could continue to keep parts of Texas in the dark for several days.

Tennessee , United-states , New-york , Arkansas , Louisiana , Illinois-river , Oklahoma , Eagle-ford , Texas , Missouri , Kentucky , China

Freeze Halts Fracking; Amazon Closes Facilities: Energy Update

Freeze Halts Fracking; Amazon Closes Facilities: Energy Update
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

Tennessee , United-states , New-york , Arkansas , Louisiana , Illinois-river , Oklahoma , Eagle-ford , Texas , Missouri , Kentucky , China