WebJul 13, 2024 · Two of the state's largest gas sellers, Energy Transfer Partners (ETP) and Kinder Morgan, seem to have reaped more than they sewed in a time of crisis for so many. Energy Transfer Partners had a record first quarter in 2024, bringing in $3.29 billion , compared to a $855 million loss during the first quarter of 2024. WebFeb 26, 2024 · And second, while historically U.S. gas mostly came from the Gulf Coast, shale gas often comes from colder places like Appalachia where freeze-offs are more likely. In 2024, for example, Pennsylvania produced nearly as much gas as Texas — despite a Pittsburgh-area freeze-off in January that temporarily caused production to drop 1.5 …
Dallas pipeline giant Energy Transfer made $2.4 billion as Texas …
WebMar 19, 2024 · As traders and power suppliers struggled to find gas during the height of the disaster, prices skyrocketed. In Oklahoma, gas traded at more than 300 times normal levels, while electricity in Texas ... WebJul 9, 2024 · And it’s a big one: The total comes to about $11.1 billion for a storm that lasted for just five days, according to estimates by BloombergNEF analysts Jade Patterson and … swablu alpha sapphire
Natural Gas Performed Heroically In Texas, Until It …
WebJul 14, 2024 · Gas Sellers Reaped $11 Billion Windfall During Texas Freeze. The official autopsy of the great Texas winter blackout of February 2024 quickly established a clear timeline of events: Electric utilities cut off power to customers and distributors as well as natural gas producers, which in turn triggered a negative feedback loop that sunk the ... WebTexas Governor Greg Abbott’s office knew of looming natural gas shortages on February 10, days before a deep freeze plunged much of the state into blackouts, according to … WebMay 6, 2024 · The stock jumped as much as 3.6% in after-hours trading. Energy Transfer joins a growing list of gas market players who reaped windfalls totaling almost $5 billion … swablu community day