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According to Platts Energy Information Denver on October 26, the increase in transmission capacity and the rise in liquefied natural gas prices continue to promote the increase
in natural gas production in the northeastern United States.
Southwest Energy CEO Bill Way said on Friday morning conference call: "Cash flow for the quarter was more than 40 percent higher than
the same period last year.
"This result was primarily driven by predominantly return-focused growth in LNG as LNG prices rose, from our leading portfolio of low-cost natural gas transportation as regional bases tightened, and from the operational results
of our leading operations team.
"
Producers in the Northeast have been preparing to take advantage of incremental production conveying capacity from pipeline projects that are already in service
.
Well inventories in Ohio and western Pennsylvania have decreased significantly over the past two months as energy transfer partners' Rover pipeline and Williams' transatlantic sunrise expansion project brought equipment online, while rigs in northeastern Pennsylvania also increased
.
Southwestern, the fourth-largest U.
S.
natural gas producer in the second quarter, increased Appalachian production 22 percent
in the third quarter, according to the American Gas Supply Association.
123Next View full article
According to Platts Energy Information Denver on October 26, the increase in transmission capacity and the rise in liquefied natural gas prices continue to promote the increase
in natural gas production in the northeastern United States.
Southwest Energy CEO Bill Way said on Friday morning conference call: "Cash flow for the quarter was more than 40 percent higher than
the same period last year.
"This result was primarily driven by predominantly return-focused growth in LNG as LNG prices rose, from our leading portfolio of low-cost natural gas transportation as regional bases tightened, and from the operational results
of our leading operations team.
"
Producers in the Northeast have been preparing to take advantage of incremental production conveying capacity from pipeline projects that are already in service
.
Well inventories in Ohio and western Pennsylvania have decreased significantly over the past two months as energy transfer partners' Rover pipeline and Williams' transatlantic sunrise expansion project brought equipment online, while rigs in northeastern Pennsylvania also increased
.
Southwestern, the fourth-largest U.
S.
natural gas producer in the second quarter, increased Appalachian production 22 percent
in the third quarter, according to the American Gas Supply Association.
123Next View full article
123Next View full article
