During the latest midmonth period, prices at Mont Belvieu, Texas, decreased as we reach the end of winter. The posted prices decreased 10.25 cents/gal, from February mid-month to March midmonth while the spot prices decreased 13.875 cents. Conway, Kan., postings ended with a 9.55-cent decrease and spots decreased 12.5 cents over the month.

Michael Cole, FerrellgasLIBERTY, Mo. (March 3, 2023) — Ferrellgas Partners L.P. announced it has hired Michael E. Cole as its new chief financial officer. He brings more than 35 years of experience in financial and energy-related fields, as well as a collaborative leadership approach.

Whippany, NJ (March 2, 2023) — Suburban Propane Partners L.P. lent its support to the teams of legislators and lobbyists competing to raise money for a variety of deserving charitable organizations at the 2023 Congressional Hockey Challenge, supported by the NHL. As part of this sponsorship, Suburban Propane provided power for the MedStar Capitals Iceplex ice resurfacer and attended the game.  

 

The United States Energy Information Administration (EIA) estimates an average of about 99 billion cubic feet per day of natural gas will be consumed in the United States during the first quarter of this year — the least for any first quarter since 2018. This year, January and February are likely to be among the warmest on record, which led to significantly lower heating demand and, therefore, lower natural gas consumption.

SDD Systems is celebrating 50 years in the propane software industryADD Systems announced their 50th anniversary. In 1973, ADD Systems strove to improve the way energy distributors operate. Today, ADD Systems carries on that same goal to the energy distribution, HVAC, and c-store industries.

WASHINGTON (February 2023)  — The Propane Education & Research Council supports the safe use of propane on the farm with new one-page safety guides covering a variety of topics related to the safe use of propane and propane-powered equipment. All six safety guides can be accessed and downloaded for free at Propane.com.

The Baker Hughes United States rig count is down seven from last week to 753, with oil rigs down seven to 600, gas rigs unchanged at 151, and miscellaneous rigs unchanged at two.

The U.S. rig count is up 103 rigs from last year's count of 650 with oil rigs up 78, gas rigs up 24, and miscellaneous up one. The U.S. offshore rig count is unchanged at 17, up five year over year.

Baker Hughes Rig Count Canada Down 4 

Canada rig count is down four from last week to 244, with oil rigs down five to 158, and gas rigs up one to 86.

During the latest mid-month period, prices at Mont Belvieu, Texas, decreased as we hit the mid-winter. The posted prices decreased 6.417 cents/gal, from January mid-month to February mid-month while the spot prices decreased 6.875 cents. Conway, Kan., postings ended with a 10.5-cent decrease and spots decreased 10.25 cents over the month.