A decline in Chicago gas basis this month has rippled through the Rockies and Midcontinent. Colorado Interstate Gas (CIG) prices have fallen about 20c since a peak of -$0.025 only…
Dominion South Basis (DomS) has come under extreme pressure following a sharp rise in Appalachia gas output. Prompt-month DomS basis has dropped by about 75c to -$1.231 since late October.…
The vulnerability of the spot market shows why forward hedges are so necessary Waha gas this weekend is negative -49c, and it hasn’t been worth more than a dollar since…
Gas basis may be threatened as the amount of natural gas in storage could set new records in the U.S. Midwest and East regions of the U.S. this fall. Storage…
Midland light-sweet oil prices have recently traded near parity with those at Cushing. This follows the peak pandemic-induced demand crash back in April that turned many price spreads on their…
The court overruled the lower court’s decision to halt operations of the Dakota Access pipeline (DAPL), allowing the pipeline to continue carrying crude until the U.S. Army Corps of Engineers…
Unless production rises, next year's supply-demand balance should be at least as good as this year's. Haynesville and East Texas gas basis has moved higher – to a smaller discount…
Our models predict a small premium to Cushing, but only if bottlenecks don’t emerge. After a shake-up this spring, Midland’s price differential to Cushing (Mid-Cush) is back to its pre-March…
Our analysis of gas pipeline flows shows oil production may be 1.3 MMBbl/d, up from 0.8 MMBbl/d Natural gas pipelines gather nominations data multiple times per day, and recent nominations…
Shut-in gas production in the Northeast has returned and strained local gas basis. Dry-gas production has rebounded to over 2 Bcf/d in Appalachia, only 600 MMcf/d shy of the record…