Articles tagged Louisiana

Natural gas futures were moving higher as the market looked beyond the near-term impacts of Category 1 Hurricane Francine to warmer weather and comparatively small storage injections easing end-of-season supply woes.

Dallas-based EnLink Midstream LLC has sanctioned its first brownfield natural gas expansion project in Louisiana as it works to add 8 Bcf of capacity to the Jefferson Island Storage & Hub.

Nearly everything is in place for Haynesville Shale pure-play Comstock Resources Inc. to become a major LNG supplier. First, though, the company has an “all-hands” effort to manage the assets with uncooperative natural gas prices.

Dallas-based EnLink Midstream LLC, whose natural gas transport options extend from the Permian Basin to Louisiana, is looking to the “longer-term setup” for incremental demand growth, including the potential to power artificial intelligence (AI) data center growth, CEO Jesse Arenivas said.

The U.S. natural gas rig count eased one unit lower to 105 for the week ended Friday (April 26), while a decline of five oil-directed rigs dropped the combined domestic tally six units week/week to 613, according to updated numbers from Baker Hughes Co. (BKR).

Natural gas exploration and production (E&P) companies in the Haynesville Shale continue to drive overall cuts to Lower 48 supply. Output there is down nearly 20% from a year earlier and continues to slide following well-telegraphed efforts to slow activity and balance an oversupplied market.

A Louisiana appeals court on Wednesday ruled that Energy Transfer LP may not block DT Midstream Inc. (DTM) from building natural gas pipeline crossings underneath its system, with one judge stating that Energy Transfer’s property rights do not extend “to the center of the earth.”

Kinder Morgan Inc.’s (KMI) Texas-Louisiana Expansion project, aimed at bringing additional natural gas supply to the Gulf Coast, is now fully subscribed after two LNG exporters signed on as customers.

Delfin Midstream Inc. is seeking an additional five years to complete its LNG export project offshore Louisiana, marking one of the first tests of the Department of Energy’s (DOE) stance on extensions since last year.

Tellurian Inc. has made another executive leadership change, this time choosing to part ways with its CEO, as it tries to fast track development of its Driftwood LNG project.