Updated Aug 22, 2024
8/22/24
Devon Energy Corp. expects its Permian Basin natural gas production to increase along with its exposure to premium Gulf Coast pricing once the Matterhorn Express and Blackcomb pipelines enter service, according to management.
Natural gas futures closed near flat after gyrating on both sides of even Friday as a foot race between hot summer demand and rising production continued to play out in setting market balances.
A consortium of operators that own the Whistler Pipeline LLP, which moves Permian Basin natural gas to the Gulf Coast, has launched another project designed to move up to 2.5 Bcf/d more supply for LNG exports and Mexico.