EIA June STEO Raises Projected Gas Spot Price for 2026, 2027
The U.S. Energy Information Administration (EIA) issued its latest monthly Short-Term Energy Outlook (STEO) on Tuesday. Using the official EIA dartboard, the STEO is the agency’s monthly best estimate of where energy prices and production will go over the next 12 months. There was a revision to the agency’s prediction about the spot price (at the Henry Hub) for natural gas in 2026 and 2027. Last month, the EIA predicted 2026 would end up with an average HH price of $3.50/MMBtu and 2027 would see an average of $3.18/MMBtu. On Tuesday, the EIA revised both numbers up. The agency sees an average price of $3.60 this year, up a dime from last month, and $3.46 in 2027, up a robust 28 cents. Read More “EIA June STEO Raises Projected Gas Spot Price for 2026, 2027”
Yesterday, Pennsylvania Department of Environmental Protection (DEP) Secretary Jessica Shirley visited the site of an orphaned well being plugged in Allegheny County, PA, to celebrate the plugging of the 400th orphaned well since Josh Shapiro assumed the governorship in January 2023. There’s nothing wrong with Shapiro’s bragging and chest-puffing, except that Ohio plugged 480 orphaned wells last year. Since January 2023, Ohio has plugged 1,214 orphaned wells, compared to PA’s 400 wells (3X more). Which makes us ask: Why does it take so much longer and cost so much more to plug wells in PA than in OH? 
There’s plenty of cheap, abundant, clean natural gas available in the Marcellus/Utica region. One of the biggest challenges (for drillers and landowners) has been moving those molecules to markets that need them, like New York State and New England. Every single inch of a pipeline project in the northeast is fought over, with radicalized environmentalists using lawfare as their favorite tactic to oppose projects. Their resistance is based on the false belief that fossil fuels like natural gas are somehow evil. But even though the enviro-left has done its best, there are several pipeline projects in the works that will flow molecules from the M-U into and through New York and into New England. 
Big Green groups rallied Tuesday in Peekskill (Westchester County, NY) against Enbridge’s proposed Project Beacon, a natural gas pipeline expansion that would increase capacity on the Algonquin Gas Transmission line. Radicals lied by saying the project would “burden ratepayers” already facing high living costs. How do you figure? Algonquin is a transmission pipeline, and its expansion will be paid for by Enbridge (and its shareholders), not by increasing local utility rates. Yet these liars are never called out for their false statements by the media. 
Sempra Infrastructure announced that its Port Arthur Pipeline Louisiana Connector has entered service, marking progress on U.S. energy infrastructure aimed at supplying global natural gas markets. CEO Justin Bird said the project was completed ahead of schedule and under budget. The pipeline will transport up to 2 billion cubic feet per day (Bcf/d) of U.S. natural gas, including Marcellus/Utica gas, to Port Arthur LNG Phase 1, which is now under construction with a nameplate capacity of about 13 million tonnes per annum (MTPA). The project links with the Gillis Hub Pipeline and the LA Storage facility under construction. It includes 72 miles of 42-inch pipeline and a compressor station. 
In February 2025, the Federal Energy Regulatory Commission (FERC) approved a plan by PJM Interconnection, the country’s largest electric grid (which covers all or parts of 13 states, including PA, OH, and WV), to fast-track the addition of new gas-fired power plants (see 
MARCELLUS/UTICA REGION: GOP candidate Garrity breaks with Shapiro as she calls for pause in data center development; OTHER U.S. REGIONS: Virginia, RGGI, and the myth of lower energy costs; Voters reject Steyer and the Rockefeller “Keep it in the Ground” agenda; NATIONAL: U.S. natural gas futures rise with storage data in view; Opposition to data centers must give way to the realities of the new world; INTERNATIONAL: Oil climbs as Trump warns Iran; War erases 1B barrels of cumulative oil supply from market; Ahead of ban, EU is importing more Russian LNG than last year.