Kevin Dobbs joined the staff of NGI in April 2020. Prior to that, he worked as a financial reporter and editor for S&P Global Market Intelligence, covering financial companies and markets. Earlier in his career, he served as an enterprise reporter for the Des Moines Register. He has a bachelor's degree in English from South Dakota State University.
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Articles from Kevin Dobbs
Natural Gas Futures, Spot Prices Find Fresh Footing Following Seasonally Light Storage Increase
Natural gas futures on Thursday snapped a two-day losing streak, bolstered by a bullish storage print, lower production and forecasts for strong summer heat. At A Glance: EIA prints 59 Bcf injection Hotter temperatures ahead Output hovers at 97.6 Bcf/d The June Nymex gas futures contract rallied 10.3 cents day/day and settled at $2.035/MMBtu. After…
June Natural Gas Futures Rally Above $2 Following Bullish Government Storage Print
The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 59 Bcf natural gas into storage for the week ended April 26. The result came close to expectations but was notably below historical averages. The print reflected lighter production volumes and supported upward momentum for Nymex natural gas futures. Ahead of the 10:30…
Natural Gas Futures Slump Second Day Amid Elusive Demand, LNG Uncertainty; Cash Prices Fall
Natural gas futures extended losses on Wednesday as forecasts pointed to benign conditions and LNG demand proved soft, offsetting continued light production estimates and expectations for a seasonally bullish storage print. At A Glance: Unsupportive weather outlook Production hovers near 97 Bcf/d NGI models 56 Bcf storage build Coming off a 3.9-cent decline the prior…
Depth of Natural Gas Production Drop Questioned as Prices Fail to Find Momentum
Nobody is questioning the downward direction of natural gas production over the past two months, a trend hastened by soft demand during a mild winter that put prices persistently near four-year lows. Major exploration and production (E&P) companies, including Chesapeake Energy Corp. and EQT Corp., announced curtailments to activity during the first quarter – cutbacks…
Could Summer Demand, Lower Production Curb East Region Natural Gas Inventory Surpluses?
Supplies of natural gas in storage are stout everywhere, but East region inventories are closer to historical norms than any other section of the Lower 48. Should the densely populated Northeast sizzle amid scorching temperatures as forecast this summer, utilities in the heavy-gas consuming corner of the country could burn through more gas in the…
Plunging Haynesville Production Leads Overall Natural Gas Supply Cut; Price Response Muted
Natural gas exploration and production (E&P) companies in the Haynesville Shale continue to drive overall cuts to Lower 48 supply. Output there is down nearly 20% from a year earlier and continues to slide following well-telegraphed efforts to slow activity and balance an oversupplied market. Prices, however, have yet to respond, given a substantial supply…
Range Resources Sees Strong Natural Gas Demand, Keeps Production Steady
Range Resources Corp. kept natural gas production steady through the first quarter, even as others pulled back, and it expects to maintain the same pace through 2024. The Appalachian Basin pure play’s executives reiterated to analysts during a call to discuss first quarter earnings on Wednesday that they intend to hold output flat this year.…
Scorching Summer Forecast Sets Stage for Strong Natural Gas Demand, Price Recovery
From Texas to both corners of the North, the National Weather Service (NWS) now expects above-average summer heat across the vast majority of the country this summer – a welcome development for natural gas bulls. If the outlook proved accurate, it would drive sustained elevated gas demand for the first time in 2024, helping to…
Exceptionally Stout Mountain Region Natural Gas Storage Curtails Rockies Prices
Strong natural gas production in the Rockies and anemic heating demand over long stretches of the 2023-2024 winter resulted in an abundance of supply in the Mountain region and, by extension, suppressed prices. NGI’s Rocky Mtns. Regional Avg. cash prices averaged $1.235/MMBtu to finish trading last week, down from around $3.00 as the winter season…
May Natural Gas Futures Range-Bound Despite Bouts of Cold, Lighter Production; Spot Prices Slip
Natural gas futures struggled to find direction on Friday, trading in a narrow range of gains and losses throughout the session. Favorable near-term weather forecasts and continued light production estimates were countered by export weakness and only modest improvement in supply/demand balances evidenced in the latest government inventory data. At A Glance: Output near 98…