Mosaik News - Energy Monitor on LinkedIn: Difference in natural gas prices between Texas and Henry Hub narrowed in… (2024)

I'll focus on the Natural Gas Market for my last post on the Daniel Energy Partners Thrive Conference. With natural gas prices below $2.00, many operators & the companies that service them are making difficult decisions about their business. Before the conference, Chesapeake Energy announced they were reducing capex guidance for 2024 and will cut production by 20% from its Q4,2023 levels. Ascent Resources agreed with the approach Chesapeake is taking.Will Su from BlackRock kicked off the conference, stating that natural gas production shut-ins should happen to stabilize the market and that LNG exports will be the savior for demand. He recognized that anticipatory drilling & supply doesn't work for commodity markets.Ascent Resources & Aethon Energy recognized the importance of hedging for their operations, with the former having 80% of their production hedged above $3.50.Large LNG projects in the Gulf will impact demand starting in 2025, though transport availability could affect exports. Encino Energy highlighted that Haynesville and Eagle Ford would benefit more from LNG due to the better regulatory environment in Texas for additional pipelines. Ascent Resources pointed out that production in the North East wouldn't contribute to exports unless a terminal is accessible on the East Coast.M&A has been less prevalent in the gas markets, but Ascent Resources suspects it is on a different timeline from the Permian. More deals similar to the Tokyo Gas America Ltd.+ROCKCLIFF ENERGY and Southwestern Energy + Chesapeake Energy are expected.This summary is the fifth post in this series and finishes what I heard at the conference. I hope it brought you some value; thanks for reading!

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The United States has accounted for about 30% of the world's total gas production, and Texas (32.5%) and Louisiana (18.3%) together account for more than half of all natural gas produced in the United States through 2021. More fascinating insights about the history of natural gas in the United States in this week's Visualizing Energy data story:http://spr.ly/6040e9Cm6 #NaturalGas #Energy

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A Middle East basin, ironically dubbed the Empty Quarter, could potentially hold the key to up to 20 million tonnes per annum of liquified natural gas supplies by 2040, according to consultant Rystad Energy.#lng #energysecurity

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Energy Matters, the energy news you need to know this week.https://bit.ly/3uw16vUThe Power Read:- Dry electrodes are the hottest energy technology right now.- Spotlight on pipelines and the midstream.- Coal markets:Met coal > thermal coal- Solar is growing the fastest in 2024.- Conflicting policies, especially in the US and UK, are leading to competing outcomes.

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🛢️ 𝙀𝙣𝙝𝙖𝙣𝙘𝙚𝙙 𝙄𝙣𝙨𝙞𝙜𝙝𝙩𝙨 𝙞𝙣𝙩𝙤 𝙐.𝙎. 𝙀𝙣𝙚𝙧𝙜𝙮 𝙋𝙧𝙤𝙙𝙪𝙘𝙩𝙞𝙤𝙣: 𝙀𝙄𝘼'𝙨 𝙇𝙖𝙩𝙚𝙨𝙩 𝙁𝙤𝙧𝙚𝙘𝙖𝙨𝙩The U.S. Energy Information Administration (EIA) has enhanced its Short-Term Energy Outlook (STEO) by incorporating detailed regional forecasts for crude oil and natural gas production across the Lower 48 states. Key regions like the #Permian, #Appalachia, #Bakken, #EagleFord, and #Haynesville are now individually analyzed, providing stakeholders with a more granular view of production dynamics. For instance, the Permian region alone is set to increase crude oil production significantly by 2025, with a similar uptrend in natural gas, thanks to new pipeline completions. This expanded coverage aims to offer a clearer picture of the U.S. energy landscape, aiding better strategic planning and investment decisions. 🔗 [Dive deeper into the EIA's detailed energy forecasts](https://eia.gov) #EnergySector #OilAndGas #USProduction #EIAForecast #EnergyDatahttps://lnkd.in/gTfpDkKp

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"Fervo Energy is using horizontal drilling techniques perfected by the oil and gas industry to access subterranean areas where temperatures are hot enough to make superheated steam. That steam is then used to spin turbines that make electricity. The drilling can be expensive, but once a source of underground heat is tapped, the energy to heat the steam is free for as long as the heat source lasts."https://lnkd.in/eTcPJhKT

I think it is interesting to NY energy buyers that the dip in natural gas production since February 2024 can largely be attributed to the drop in Appalachia production. Will this turn around with the opening of Mountain Valley Pipeline? Remains to be seen but the early predictions seem to indicate this will happen and lets hope that this high tide (more production) floats all boats (more Northeast directed Appalachia flow=which might keep a lid on prices).#Appalachiagassupplyhttps://lnkd.in/eEMvcTvU

Normally when one thinks of the term “swing states” the political meaning comes to mind. However, it may soon take on a new meaning as high levels of #naturalgas in storage and the increasing penetration of renewables in the market are affecting gas demand outlooks. But what regions will be ‘swinging’ and how will supply, production, and prices be affected?Read here: https://lnkd.in/g-ZhWTEK#natgas #ongt #energysecurity

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Continuing "Celebrate America" Month, let's journey to the Land of Enchantment—New Mexico! Known for its awe-inspiring landscapes, New Mexico boasts one of the world’s most renowned hydrocarbon resources, the Permian Basin. The Permian Basin been a cornerstone of America’s energy legacy for decades. Today, it not only continues to supply significant amounts of oil and natural gas but also serves as a leading source of the world’s liquefied natural gas (LNG), with extensive pipeline networks reaching to Texas and Louisiana, sending carriers loaded with clean-burning LNG to many countries across the planet. The Basin’s vast resources and pioneering spirit exemplify the dynamic and evolving energy landscape of the United States.Since the development of hydraulic fracturing and directional drilling innovation, oil production in the United States has increased from 5.0 million barrels per day in 2008 to a record of 12.9 million barrels per day in 2023. Roughly half of this production comes from the Permian Basin. Furthermore, the 23.3 billion cubic ft /per day of natural gas in the Permian allowing the United States to ship 88.9 million metric tons of LNG to export countries, adding up to $73 billion to the US economy according to the American Petroleum Institute. These attributes position New Mexico to remain a national and global leader in energy and economic development for decades to come, including ensuring America’s energy affordability, reliability, and sustainability. Today’s energy companies across New Mexico and the Permian Basin work to electrify the grid and the Permian - as well as working aggressively to eliminate methane emissions - to ensure America produces the most environmentally friendly hydrocarbons on the planet.Jones Power is proud to have boots on the ground in New Mexico, actively engaging in projects and programs and partnering with the world’s leading energy companies that harness the state’s rich natural energy resources. We are dedicated to helping our clients and the nation benefit from these resources. Learn more about how Jones Power is shaping the energy industry in the Permian Basin and across the nation. Together, we are driving forward a future of innovation and sustainability in the energy sector, ensuring a brighter tomorrow for America. To learn more about how Jones Power is shaping the energy industry across the nation, visit our website at: https://jonespower.com/ #JonesPower #JonesUnited #WeAreJones #MovingEnergyForward #StrengtheningAmericasInfrastructure #Midstream #pipeline #OilandGas #LNG #Pipeliners #NewMexico

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