Propane Industry News

NATIONAL (March 16, 2023) — United States energy-related CO₂ emissions drop 25% to 38% below what they were in 2005 by 2030, according to projections from the U.S. Energy Information Administration’s (EIA) "Annual Energy Outlook 2023" (AEO2023).

Canada's primary underground propane inventories decreased by 31.09% in March, according to the Canada Energy Regulator. The total represented a month-to-month decrease of 330.9 Mcm. Compared to a year earlier, stocks were higher, with 133.1 Mcm, or 22.18%, more product on hand. 

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.

Lancaster, Pennsylvania – March 10, 2023 – Cargas is thrilled to welcome Corey Meyer as its vice president of emerging business.

LIBERTY, 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.

WASHINGTON (March 7, 2023) — The propane industry, through the Propane Education and Research Council (PERC), has announced its engagement with nearly a dozen universities, national and private laboratories, and businesses to drive clean energy innovation.

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.

After decades of reliably providing fleets with a clean energy solution, propane is now reducing emissions along the path to zero even further by providing a significantly less expensive and cleaner recharging solution.

Cetane Associates (Cetane) is pleased to announce that Blossman Gas Inc. (Blossman Gas) of Ocean Springs, Miss.

Energy Distribution Partners (EDP) has announced the acquisition of Mount Perry Propane. A fast-growing propane marketer based in Mt. Perry, Ohio, the company serves 2,800 customers across nine counties in southeastern Ohio. Mount Perry Propane provides a variety of services to residential, commercial and agricultural customers.

ADD 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.

Suburban Propane Partners L.P. announced that Doug Dagan, vice president of strategic initiatives – renewable energy, has been named to The Bioeconomy 500 for 2023, which highlights outstanding leaders of the bioeconomy’s development and deployment. Dagan is also the only person from an American propane company who made the list.

Cetane Associates (Cetane)announced that Sail Energy LLC, of Portsmouth, New Hampshire, has acquired the assets related to the full-service propane and heating oil delivery and HVAC business of Tower Energy LLC<

Canada's primary underground propane inventories decreased by 30.22% in February, according to the Canada Energy Regulator. The total, 1064.2 Mcm, represented a month-to-month decrease of 460.8 Mcm. Compared to a year earlier, stocks were higher, with 6.2 Mcm, or 0.59%, more product on hand.