<p>Kinder Morgan’s second quarter earnings fell short of expectations due to recent low gas prices, but remains bullish on natural gas demand and is moving ahead on projects in the Southeast U.S. and Williston Basin.</p>
<p>The joint venture between midstream operators Sunoco and Energy Transfer’s crude gathering in the Permian Basin should prove mutually beneficial, analysts say.</p>
<p>The Kansas City Federal Reserve Bank’s energy survey saw activity decline in the second quarter as producers look to the back half of 2024 for natural gas prices to improve—but not enough to turn a profit.</p>
<p>As coal plants retire in Texas, natural gas will carry more of the Lone Star State’s energy load, said Kristi Hobbs, ERCOT’s vice president for system planning and weatherization.</p>
<p>Sources say another company is considering $1.3B acquisition for Crescent Midstream’s facilities and pipelines focused on Louisiana and the Gulf of Mexico.</p>