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IPTC

18 Feb 2025 - 20 Feb 2025

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EIA: Northwest US and western Canadian natural gas prices trade at historic lows in 2024

The EIA has reported that monthly average natural gas spot prices at northwestern US and western Canada border pricing hubs reached historic lows in 2024 through October, according to data from Natural Gas Intelligence. Robust natural gas production in western Canada, where output has generally increased over the last two years, and high natural gas inventories in the region contributed to the low prices.

 
 
 
 

Ovintiv acquires Montney assets from Paramount

Ovintiv Inc. has announced it has entered into a definitive purchase agreement to acquire certain Montney assets from Paramount Resources Ltd. in an all-cash transaction valued at approximately US$2.377 billion.

 
 

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