Friday, March 6, 2026

WTI Surges Another 4% Overight - Trending Toward $85 -- March 6, 2026

Locator: 50151B.

WTI:


New wells reporting
:

  • Sunday, March 8, 2026: 9 for the month, 115 for the quarter, 115 for the year,
    • None.
  • Saturday, March 7, 2026: 9 for the month, 115 for the quarter, 115 for the year,
    • 41602, conf, BR, Sivertson 6E, 
    • 40632, conf, Hess, EN-Hanson A-155-94-0607H-5, 
  • Friday, March 6, 2026: 7 for the month, 113 for the quarter, 113 for the year,
    • None.

RBN Energy: existing and planned natural gas storage facilities in East Texas and West Louisiana. Link here. Archived.

“Location, location, location” doesn’t just apply to residential and commercial real estate. It also holds true for natural gas storage, which is in high-and-rising demand along the Texas/Louisiana border, where a slew of new LNG export capacity is coming online — new gas-fired power plants, too. In today’s RBN blog — #3 in a series — we finish our look at existing and planned gas storage capacity in the corridor between the Haynesville/Western Haynesville and the LNG export complex along the Sabine-Neches and Calcasieu waterways, as well as storage near the Katy Hub west of Houston.

In Part 1, we said the three existing LNG export terminals in the Sabine-Neches/Calcasieu area demand up to 7 Bcf/d of natural gas and that four new terminals under construction there will add another 10 Bcf/d of demand over the next five years. The gas needs of these facilities and other large energy consumers can vary widely — and sometimes suddenly. As we noted last time, pipelines can absorb many of these variations with linepack and other means, but balancing gas supply and demand will require more gas storage facilities that can, for example, quickly receive large volumes of gas when an LNG train trips offline or quickly send out stored gas when demand for gas-fired generation spikes.

In our first  blog, we looked at Caliche Storage’s Golden Triangle Storage and Spindletop Expansion Project; Trinity Gas Storage’s Bethel, TX, facility; and Energy Transfer’s Bethel Gas Storage and Bammel facilities. Then, in Part 2, we discussed NeuVentus’s Texas Reliability Underground Hub in Liberty County, TX; the Black Bayou Energy Hub in Cameron Parish, LA; Gulf Coast Midstream Partners’ Freeport Energy Storage Hub (FRESH); and three Energy Transfer facilities: Moss Bluff in Liberty County; Egan in Acadia Parish, LA; and Tres Palacios in Matagorda County, TX.

Today, we conclude our review of gas storage facilities and projects in this general area — note that there is additional gas storage a little further afield, but we won’t be covering that in this blog series.

We’ll start with gas storage giant Williams Cos., which owns six gas storage facilities across Louisiana and Mississippi — some salt-cavern and some depleted-reservoir — with a combined capacity of about 200 Bcf, as well as 37 Bcf in the Dallas/Fort Worth area. Most relevant to this blog series are Williams’s 48-Bcf Pine Prairie salt-cavern storage facility (magenta star in Figure 1 below) in Evangeline Parish, LA, and its 14-Bcf Arcadia facility (also salt caverns; pink star) in Bienville Parish, LA.

Pine Prairie has connections to Williams’s Transco Pipeline (light-purple line) as well as ANR Pipeline (dark-blue line), Columbia Gulf Transmission (CGT; light-blue line), Florida Gas Transmission (FGT; green line), Kinder Morgan Louisiana Pipeline (KMLA; yellow line), Tennessee Gas Pipeline (TGP; orange line), Texas Gas Transmission (TGT; dark-purple line), Texas Eastern Transmission (TETCO; brown line), and three natural gas power plants.