91ÊÓƵ

While frigid temperatures are still gripping the southern U.S., natural gas futures plummeted Feb. 2 as weather forecasts for mid-February shifted significantly warmer.

The deal, expected to close in the second quarter, illustrates how shale companies are pushing to consolidate, as many of the best U.S. drilling sites have been tapped.

The winter storm is estimated to have knocked offline almost 10% of U.S. natural gas production, just as demand for the heating and power plant fuel jumped.

U.S. natural gas futures for February delivery surged 70% as the market braced for a historic winter storm that’s poised to send temperatures plummeting and boost demand for the heating fuel.

U.S. natural gas futures rocketed to the highest price since 2022, as frigid weather sweeps across major markets for the heating fuel and forces traders to cover bearish positions.

Billionaire Kelcy Warren’s Energy Transfer suspended development of a Louisiana liquefied natural gas export project to concentrate on building and expanding pipelines. 

The use of natural gas as a fuel for heavy-duty trucks is receiving a boost, due in part to the rollout of a more powerful natural gas engine and the growing availability of renewable natural gas to reduce emissions.

New York and New Jersey granted crucial permits for a long-stalled Williams Cos. pipeline project that would bring more natural gas to the New York City area from Pennsylvania.

Clean Energy Fuels is displaying a second Class 8 demonstration truck that runs on renewable natural gas at American Trucking Associations’ Management Conference & Exhibition.

The expansion of the company’s Transwestern Pipeline networks will provide an outlet for Permian gas producers that have struggled with a dearth of shipping capacity.