OklahomaMinerals.com

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• Florida braces for “catastrophic” Idalia
  Fueled by sizzling ocean temps, Hurricane Idalia ...
  Fueled by sizzling ocean temps, Hurricane Idalia strengthened to a Category 3 storm and is expected to make landfall this morning in Florida’s Big Bend. Forecasters are warning the powerful Idalia could bring potentially life-threatening storm surges to the state’s west coast from the panhandle down to Tampa, and Gov. Ron DeSantis cautioned people in the storm’s path that they will likely lose power. For whatever reason, Atlantic storms beginning with the letter “I” have been the most destructive since 1955.
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• Natural Gas Rises As October Contract Takes Front Stage
  Natural gas prices rose 0.9% to $2.684/mmBtu after the September...
  Natural gas prices rose 0.9% to $2.684/mmBtu after the September delivery contract rolled off the board yesterday, making October the new front-month contract. “It’s fitting new prompt month Oct’23 is currently trading just under $2.70 since prices keep returning to this level the past 2-3 months,” says NatGasWeather.com in a research note. “It will be of great interest how Oct’23 trades the rest of the week but likely volatile due to uncertainty w/Hurricane Idalia, a highly anticipated EIA storage report Thursday to see if last week’s +18 Bcf was real, the potential for hotter/cooler trends, and a much hotter than normal US pattern next week.”
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• Regulatory hurdles cloud MVP Southgate's future
  As Equitrans prepares to launch the Mountain Valley Pipeline by the end of 2023, analysts are pessimistic...
  As Equitrans prepares to launch the Mountain Valley Pipeline by the end of 2023, analysts are pessimistic about the outlook for the company's 375,000-MMcf/d MVP Southgate extension from Virginia to North Carolina. The project faces regulatory hurdles and competition from Williams' brownfield expansion projects within the Transco pipeline system, which are viewed as a more viable alternative.
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• ExxonMobil: World unlikely to limit warming to 2°C by 2050
  Carbon emissions from the power sector will likely decline by more than 25% from peak levels in the 2020s...
  Carbon emissions from the power sector will likely decline by more than 25% from peak levels in the 2020s to 25 billion metric tons by 2050, but that won't be enough to limit global warming to 2°C, according to ExxonMobil's annual Energy Outlook report. The Intergovernmental Panel on Climate Change's 2°C scenario calls for emissions to be limited to 11 billion tons by 2050
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• Closing Oil & Gas Prices for Tuesday
  Benchmark U.S. crude oil for October delivery...
  Benchmark U.S. crude oil for October delivery rose $1.06 to $81.16 a barrel Tuesday. Brent crude for October delivery rose $1.07 to $85.49 a barrel.
  
  Wholesale gasoline for September delivery fell 1 cent to $2.79 a gallon. September heating oil rose 1 cent to $3.21 a gallon. September natural gas fell 2 cents to $2.56 per 1,000 cubic feet.
  
  
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