UGI Energy Services Blog

7 Factors Affecting the Natural Gas Market Volatility

[fa icon="calendar'] Sep 6, 2022 11:12:10 AM / by Aaron Lovenworth posted in natural gas, energy market, lock gas prices, natural gas supply, winter, prepare for winter, mitigate risk, lock in energy rate, commercial energy, LNG, infrastructure, energy supplier

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After many years of stability and relatively low prices, the natural gas market has taken a turn towards volatility and skyrocketing rates. Consumers should be aware of these recent changes and take action to mitigate the risks associated with an unsteady, high-priced market.

National Gas Intelligence’s recent episode of their Hub and Flow podcast featured 7 contributors to the recent volatility in the natural gas market. Domestic politics, international unrest and weather conditions all play a factor in this crazy rollercoaster of a market. Here I’ll summarize the overall contributors to this volatility as laid out by National Gas Intelligence.

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Stonehenge Appalachia Midstream Natural Gas Gathering System Acquisition

[fa icon="calendar'] Jan 4, 2022 11:22:46 AM / by Angela DeLong posted in natural gas, natural gas supply, News, acquisition, #stonehenge, Appalachia, midstream, pipeline, compression, appalacian, investment

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VALLEY FORGE, Pa., January 4 – UGI Corporation (NYSE:UGI) announced today that its subsidiary, UGI Energy Services, LLC (“UGIES”), has entered into a definitive agreement to acquire Stonehenge Appalachia, LLC (“Stonehenge”) from Stonehenge Energy Holdings, LLC for approximately $190 million. This investment is expected to be immediately accretive to adjusted earnings.

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Don’t Let the Texas Energy Crisis Cost You.  Choose Reliability.

[fa icon="calendar'] Mar 8, 2021 3:09:43 PM / by Kaitlin Killian posted in energy market, natural gas supply, winter, energy bills, prepare for winter, electricity, energy provider, energy price, reliable energy company, ugi energy services, News, texas

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When we think of Texas weather, relatively warm and temperate days come to mind, even in the winter. Last month, Northern Texas reached record-breaking cold temperatures that greatly affected residents of the state. Texans experienced freezing conditions and accumulating snowfall, and many were left without power and heat. Luckily, the temperatures are back to normal now – however, not only was North Texas affected but the rest of the nation was as well. Here at UGI Energy Services (UGIES), you can be sure that in a situation like the one just seen in Texas, we would walk you through each step of resolving these issues and how it correlates to your energy bill.

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Stonehenge & UGI Acquire Pine Run Midstream Natural Gas Gathering System

[fa icon="calendar'] Feb 16, 2021 2:14:29 PM / by Angela DeLong posted in natural gas, natural gas supply, News, #pinerun, #stonehenge, gathering

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Stonehenge and UGI Acquire Pine Run Midstream Natural Gas Gathering System

FEBRUARY 16, 2021
 

WESTMINSTER, Colo.--(BUSINESS WIRE)-- Pine Run Gathering LLC (“Pine Run Gathering”) announced today that it has completed a transaction to acquire Pine Run Midstream, LLC (“Pine Run Midstream”) from an affiliate of PennEnergy Resources, LLC (“PennEnergy”) and minority partners for $205 million. Pine Run Gathering is a joint venture owned by a subsidiary of Stonehenge Energy Resources III, LLC (“Stonehenge III”), a portfolio company of Energy Spectrum Partners VIII LP, and by a subsidiary of UGI Energy Services, LLC (“UGIES”), which is a subsidiary of UGI Corporation (NYSE: UGI).

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What Factors Can Cause Natural Gas Prices to Increase?

[fa icon="calendar'] Jan 28, 2021 1:41:00 PM / by Michelle Zimmer posted in natural gas, natural gas supply, electricity, energy price, ugi energy services, polar vortex, el nino, la nina

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Understanding how energy markets work can help your business to make smarter choices when purchasing your energy. UGI Energy Services is dedicated to helping our customers understand your options and make the right decisions for YOUR company or organization.

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What do COVID and a Warm Winter Have in Common?

[fa icon="calendar'] Dec 9, 2020 10:18:03 AM / by Aaron Lovenworth posted in natural gas, covid, corona virus, energy, warm winter, weather, pandemic, volume over value, nymex, energy market, lock gas prices, natural gas supply, value over volume

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What do COVD and a warm winter have in common?

Answer:  They both wreak havoc on natural gas prices.

Aaron Lovenworth, Regional Sales Manager at UGI Energy Services put some information together to help you better understand where natural gas prices are headed, and what you can expect in the upcoming winter season.

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UGI Energy Services Commissions New Liquefied Natural Gas Facility

[fa icon="calendar'] Nov 8, 2017 2:35:00 PM / by Angela DeLong posted in natural gas supply, News, LNG

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November 8, 2017, Steelton, PA — UGI Energy Services, LLC, a subsidiary of UGI Corporation, today celebrates the commissioning of their new Liquefied Natural Gas (LNG) facility with a ribbon-cutting ceremony at the site in Steelton, Pennsylvania.

The Steelton LNG facility will provide peak shaving services.  During periods of extremely cold weather, the use of natural gas to heat homes and businesses can increase dramatically in a short period of time. A natural gas peak shaving facility is designed to deliver an off-pipeline supply of natural gas into the local distribution system to satisfy these spikes in demand in a reliable, efficient and cost effective manner.

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