More Tailwinds for Natural Gas

More Tailwinds for Natural Gas

Our Magic 8 Ball predicts one heckuva chill ride for U.S. gas producers ramping up output ahead of the heating season. Barely two weeks into November, production already has surged to 93.9 BCFD—on course to break October’s record and lead us into a winter that’s expected to lift volumes to more than 96 BCFD, shattering last year’s record high, pre-pandemic. Reese Energy Consulting today is studying the incredible verve happening right now for natural gas producers and midstreamers operating in the nation’s most gas-rich basins. The Marcellus is soon to enjoy an added 580 MMCFD of transportation capacity starting December when Transcontinental’s Leidy South expansion goes online. In the Haynesville, it’s all about flowing more gas to LNG export terminals where Cheniere’s Sabine Pass has already hit record highs this month of 4.4 BCFD, and Venture Global’s Calcasieu Pass trains 1 and 2 are nearing startup. Tulsa-based ONEOK has lifted its foot off the brakes to complete a 200 MMCFD gas processing facility in the Bakken and a 125 MBPD NGL fractionator in Mont Belvieu, Texas. In other words, it’s a dandy time to be in the gas biz.

What do you think? Learn more about REC’s natural gas services and expertise at www.ReeseEnergyConsulting.com.

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Brrrrrrr…

Brrrrrrr…

Is a cold war brewing between Canada and the U.S. because it’s feeling a might chilly these days. Reese Energy Consulting today is following the latest headlines from our northern neighbors who are having a rough go of trying to replace old or build new pipelines that connect the two countries. Alberta-based Enbridge in June scored a court win to complete rehab construction on a 337-mile segment of Line 3. Upon replacement by year’s end, Line 3 will flow 760 MBPD of crude from Canada to N.D., Minn., and Wisc., refineries. The company’s Line 5 project, however, faces mounting opposition to replace dual pipelines under Mich.’s Straits of Mackinac that flow 540 MBPD of light crude, synthetic crude, and NGLs. Line 5 has operated without incident at the Straits of Mackinac for more than 65 years. Turning to Calgary’s  TC Energy and its long-beleaguered Keystone XL project, the company has taken an extraordinary step to recoup $15 billion in damages from the U.S. government after the new Administration revoked a key permit to build the pipeline. TC Energy now has filed a notice of intent to begin a legacy NAFTA claim.

What do you think? Learn more about REC and our energy expertise at www.ReeseEnergyConsulting.com.

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