Locator: 44363B.
Iran: agrees to stop producing near bomb-grade uranium; and Trump has not even been sworn in yet.
Oil: time to sanction Malaysia.
Biden: lame duck! Wow. Trump? 24/7 on talk television.
TGT (Target): wow!
CMCSA: MSNBC, CNBC to be spun off.
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Back to the Bakken
WTI: $69.80.
Thursday, November 21, 2024: 29 for the month; 89 for the quarter, 604 for the year
- 40584, conf, SOGC (Sinclair), Bighorn 4-6H,
- 40104, conf, Enerplus, Devils Canyon 147-97-17-20-6H,
- 40664, conf, CLR, Sandhill 6-24H,
- 40195, conf, Hess, EN-Cvancara A-LN-155-93-3231H-1,
RBN Energy: players are making moves in the booming Gulf Coast gas storage market.
Rising demand for natural gas storage in the Gulf Coast region has spurred growing interest and investment. A number of midstream companies have been making moves, either by expanding their existing storage facilities in Texas, Louisiana, Mississippi and Alabama or entering the space with acquisitions or plans for greenfield projects. As a result, more than 150 Bcf of new gas storage space is in various stages of development. In today’s RBN blog, we discuss highlights from our new Drill Down Report on Gulf Coast gas storage.
Storage has long been a critically important balancing mechanism in the Lower 48 natural gas market. After languishing for much of the Shale Era, storage values have been coming out of the doldrums the past couple of years. The key driver behind this change is that, unlike in the old days, when the storage market was driven primarily by the intrinsic value of capacity — i.e., the need to sock away gas in the lower-demand summer months for use in the peak winter months — the value of storage is being driven mostly by extrinsic economics — i.e., how flexible and responsive capacity allows market participants to manage supply and demand during short-term market swings.
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