Natural Gas Trendiing Toward $3.75 -- January 5, 2023

Table-talk:

• EV: Sony, Honda introduce a new EV.
• Jobs report: huge.
• CVX, Venezuala: something to talk about 
• Ford sales: incredible.

ProFrac: adds six frack fleets

• Rockies and Bakken
• acquired REV Energy and Producers Services
• link here:

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Back to the Bakken

The Far Side: link here.

Active rigs: link here.

WTI: $73.86. Held. Up 1.4%; up $1.02.

Natural gas: trending toward $3.75.

Friday, January 6, 2023:
None.

Thursday, January 5, 2023:
36900, conf, Bowline, Shaffer 155-102-27-22-6H,

RBN Energy: you gotta have this map in your hands. Archived.

Over the past few years — and with a big boost from Permian production growth — the South Texas coast has transformed itself into a top-tier hub for hydrocarbons.

Crude oil exports stand out, of course, with marine terminals in Corpus Christi/Ingleside accounting for 60% of U.S. export volumes in 2022. But Corpus also is home to the nation’s second-largest LNG export terminal (which is now being expanded), as well as a half-dozen refineries, and the broader region has the Agua Dulce natural gas hub, nine NGL fractionation plants, and four massive, NGL-consuming ethylene plants, including ExxonMobil/SABIC’s giant new steam cracker in San Patricio County.

All of these assets are interconnected by a maze of crude oil, natural gas, NGL, “purity product,” and ethylene pipelines. And the region is well-positioned for additional growth as crude, gas, and NGL production in Texas continues to increase. In today’s RBN blog, we discuss our latest product: a digital, interactive map that helps makes sense of a spaghetti bowl of pipelines, plants and related assets in South Texas.

When discussing Corpus Christi and the rest of South Texas, it’s important to begin with two undeniable facts: (1) the region was already a noteworthy energy center before the Shale Revolution, with extensive upstream, midstream and downstream infrastructure already in place “pre-Shale”; and (2) South Texas didn’t become an energy “superhub” overnight or without a lot of planning and hard work — instead, producers, midstream companies, economic-development folks and others saw the opportunities and challenges presented by the Shale Era and made it all happen.

It hasn’t hurt that Texas is perhaps the friendliest state when it comes to developing energy-related projects, and that South Texas and Corpus officials have been aggressive in competing for new business, including energy, petrochemicals, and now clean hydrogen.