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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Closing the Gas Gap

Closing the Gas Gap

Communities in N.D., are keeping fingers crossed that the stars might soon align to access natural gas service for the very first time. While the western part of the state is flush with midstream infrastructure to process and transport Bakken supplies, many eastern municipalities must rely on propane and electricity due to a lagging number of gas pipelines. The latest figures show that 70 N.D., communities have gas service compared to 360+ that do not. Limited fuel options also hamper industrial growth, especially in the quest to attract new manufacturers in smaller burgs like Rugby as well as larger areas like Grand Forks. Reese Energy Consulting today is following news out of N.D., where the years-long discussion to close the natural gas gap has taken a new turn. State lawmakers next week will gather to divide $1 billion in stimulus funds with a proposal to set aside an initial $150 million toward building a $1 billion pipeline. If the economics pan out along with the state’s capital commitment, pipeline developers like Tulsa-based ONEOK—which operates extensive midstream infrastructure in the Bakken—could find itself a change agent for millions of energy customers.

What do you think? Learn more about REC and our range of natural gas services and expertise at www.ReeseEnergyConsulting.com.

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