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Oil, Gas, And Fracking News Read 02May 2021


The natural gas storage report from the EIA for the week ending April 23rd indicated that the amount of natural gas held in underground storage in the US rose by 15 billion cubic feet to 1,898 billion cubic feet by the end of the week, which left our gas supplies 302 billion cubic feet, or 13.7% below the 2,200 billion cubic feet that were in storage on April 23rd of last year, and 40 billion cubic feet, or 2.1% below the five-year average of 1,938 billion cubic feet of natural gas that have been in storage as of the 23rd of April in recent years..the 15 billion cubic feet that were added to US natural gas storage this week was more than the average forecast of a 9 billion cubic foot addition from an S&P Global Platts survey of analysts, but measured well below the average addition of 67 billion cubic feet of natural gas that have typically been injected into natural gas storage during the same week over the past 5 years, as well as well below the 66 billion cubic feet added to na ....

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CenterPoint Inks $2.15B Deal to Sell Natural Gas Utilities in Arkansas, Oklahoma


CenterPoint Inks $2.15B Deal to Sell Natural Gas Utilities in Arkansas, Oklahoma
Utility CenterPoint Energy Inc. said on Thursday it agreed to sell its natural gas distribution businesses in Arkansas and Oklahoma to Summit Utilities in a $2.15 billion cash deal that could help fund the seller’s transformation strategy.
The assets include 17,000 miles of pipelines in Arkansas and Oklahoma, serving more than half a million customers. The sale is expected to close by the end of 2021.
The sale could hasten CenterPoint’s efforts, launched last year, to become more of a pure-play utility as it aims to grow annual earnings by up to 8% while adding renewable energy to its portfolio. ....

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