
FROM THE OIL PATCH
U.S. natural gas-directed rigs decreased for second consecutive year in 2024
The number of rigs deployed to drill for natural gas in the United States decreased over the last two years. U.S. natural gas-directed rigs decreased
Iowa senators move bill to limit eminent domain for future pipelines
Bill would not impact Summit Carbon Solutions’ pipeline but would limit electrical transmission projects A subcommittee in the Iowa Senate advanced a bill Tuesday that
Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
Canadian midstream company Enbridge said on Tuesday that it plans to invest $2.5 billion in its liquids and natural gas systems, with $2 billion allocated to its Mainline network through 2028. The Mainline is North America’s largest crude oil pipeline network and transports light and heavy crude oil, natural gas liquids and
Enbridge: Tariffs Would Take Years to Impact U.S.-Canada Crude Flows
Tariffs on Canadian oil would need to be in place for years before significantly altering the amount of crude the U.S. imports from its northern neighbor, the CEO of Canadian pipeline company Enbridge Inc. said on Tuesday. CEO Greg Ebel told reporters the energy systems of the two countries are
Williams Cos. Eyes Expanding Natural Gas Infrastructure to Meet Surging Demand
At the Underground Infrastructure Conference on March 5, Glenn Koch, Vice President-Project Execution at Williams Co., addressed the growing demand for natural gas and the role underground infrastructure will play in meeting energy needs. Speaking during the Energy Pipelines Program, Koch highlighted significant increases in peak-day demand for natural gas,
Restoring U.S. Oil Reserve to Capacity Could Take Years, Cost $20 Billion
U.S. Energy Secretary Chris Wright estimates it would take $20 billion and years to accomplish President Donald Trump’s goal of refilling the Strategic Petroleum Reserve to its maximum capacity, the Energy Department said on Friday. President Donald Trump said on his first day in office he wants to fill the
CRUDE OIL WEEKLY UPDATE (Week Ending 03-07-25)
Crude Oil Summary (EIA) U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week ending February 28, 2025, which was 346
NATURAL GAS WEEKLY UPDATE (Week Ending 03-07-25)
Market Highlights: Prices Henry Hub spot price: The Henry Hub spot price rose 49 cents from $3.91 per million British thermal units (MMBtu) last Wednesday
Zekelman Industries Steel Snapshot for February 2025
(by Mike Mechley, Executive VP of Strategic Procurement, www.ZekelmanIndustries.com) SMU February HR Coil $760 up $70 from Jan. Negotiations are under way for Nippon to
Preston Pipe Report – February 2025
(by Paul Vivian and Rick Preckel, www.prestonpipe.com) Market Monitor – No change to the drilling forecast and a relatively unchanged project environment (from our November issue)
Argus Pipe Logix Line Pipe Report – February 2025
(by Rye Druzin, www.pipe-logix.com) Tariffs drove US line pipe prices up this month, with higher import prices outpacing domestic price hikes. US line pipe prices
AISI Press Release on Latest U.S. Imports of Steel Products – March 2025
American Iron and Steel Institute, www.steel.org (03-08-25) Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and