Who *Sells* the Most NatGas in the U.S.?

Who are the biggest natural gas sellers in the U.S.? You might be surprised to learn that the biggest sellers are not necessarily the biggest producers of natural gas. Oh, you might recognize some of the names of the top sellers (BP, Shell, ConocoPhillips). But others might be more of a mystery (Macquarie, Tenaska, Direct Energy). Would it surprise you to learn that BP (i.e. British Petroleum) is the #1 seller of natgas in the U.S., and has been for years? Last quarter BP sold 22.10 billion cubic feet per day of natural gas here in the colonies. That represents 18% of all natural gas bought and sold. Each quarter NGI (Natural Gas Intelligence) runs the numbers and publishes the list of 25 top natural gas marketers in the U.S. They recently published the first quarter 2018 list, which shows that for a second quarter in a row, overall volumes are up from the same quarter a year ago. Here’s the cool thing: NGI publishes the list absolutely free on their website! As we scan down the list of who sells (i.e. markets) the most natgas in the U.S., we can’t help but notice that many of them have operations in the Marcellus/Utica region…
Continue reading

UGI & Tenaska Sign Deal to Build New Marcellus Pipeline in PA

Pennsylvania electric & gas utility UGI Corporation announced yesterday they’ve cut a deal with driller Tenaska Resources to jointly develop Marcellus Shale projects in both Potter and Tioga counties in north-central PA. Over the next 10 years UGI will invest $65 million to build a new gathering pipeline system in Potter County, and another $25 million investment in return for a 19% interest in Tenaska’s Tioga County acreage/operations.

From the UGI announcement yesterday:

Continue reading