Story of the day
September Natural Gas Prices Retreat in Face of Dangerously Low Storage
Earnings
EOG Bumps Up Oil, Natural Gas Production but Vows Discipline Through 2021
EOG Resources Inc. increased oil and natural gas production during the second quarter. Still, the Houston-based independent’s executives, wary of the pandemic’s potential, said they had no immediate plans to further ramp up output. “We’re not going to grow until the market clearly needs the barrels,” President Ezra Yacob told analysts during a call Thursday…
August 5, 2021
LNG
Cheniere Sees Record LNG Exports, but Commodity Price Exposure Leads to Losses
Cheniere Energy Inc. reported record liquefied natural gas (LNG) exports from its terminals in Louisiana and Texas during the second quarter, when demand surpassed expectations as the global market tightened further. The largest U.S. gas exporter loaded 139 cargoes, or 496 TBtu of LNG, in the second quarter. Results shattered a previous record of 133…
August 5, 2021
Markets
Northeast Forward Markets Up Sharply Amid Lack of E&P Response to Higher Natural Gas Prices
Natural gas forward markets rebounded sharply for the trading period ending Aug. 4 as widespread sweltering heat set to return sounded the alarm once again that U.S. storage inventories are on pace to fall uncomfortably short ahead of winter. September forward prices averaged 20.0 cents higher for the July 29-Aug. 4 period, according to NGI’s…
August 5, 2021
Markets
Mexico Natural Gas Market Spotlight: Domestic Production Up as U.S. Prices Hit $4.20
Mexico’s natural gas production is helping to meet national demand as U.S. prices continue to soar this summer. “Mexican dry gas output is ramping up again,” WoodMackenzie analyst Richardo Falcón told NGI’s Mexico GPI. Since July 21, dry gas production has averaged nearly 2.5 Bcf/d, up 0.24 Bcf/d above average levels seen for the past…
August 5, 2021
E&P
Atlantic Hurricane Season Looking to Reignite, Impact Natural Gas Production, Says NOAA
Conditions are ripe for another above-average hurricane season that could potentially send ripples throughout natural gas production in the Gulf of Mexico (GOM) over the next three months, the National Oceanic and Atmospheric Administration (NOAA) said in a new forecast. Should the NOAA’s Climate Prediction Center forecast bear out, it would mark the sixth consecutive…
August 5, 2021
LNG
LNG 101: Could New Ways to Sell American Natural Gas Give Rise to Second-Wave Export Projects?
U.S. liquefied natural gas (LNG) developers are going to greater lengths to attract customers, setting the stage for American supplies to increasingly be tied to foreign benchmarks and testing traditional commercial models with new agreements that could make project financing even harder to come by. The question is, why? Why would U.S. LNG buyers purchase…
August 5, 2021
Earnings
Devon CEO Not Ruling Out More Acquisitions as Rumors Swirl about Shell’s Permian Assets
It’s already completed a big Lower 48 takeover this year, but Devon Energy Corp. isn’t ruling out making a bid on more oil and natural gas assets, the CEO said Wednesday. Over the last couple of weeks, rumors have swirled that Royal Dutch Shell plc may sell its Permian Basin portfolio, estimated to be worth…
August 5, 2021
Earnings
Energy Transfer Says Jump in Gas Prices, Strength in NGL and Refined Products Boost 2Q2021 Results
U.S. midstream giant Energy Transfer LP said its natural gas storage and pipeline operation along with its natural gas liquids (NGL) business helped drive stronger second quarter 2021 earnings. The Dallas-based company also said a newly operational expansion project is boosting its transports of oil in the current quarter. Energy Transfer, whose pipelines held up…
August 5, 2021
Markets
U.S. Petroleum Demand Holds Strong, as Crude Production Flattens, EIA Says
Demand for U.S. petroleum increased last week, while production held well below pre-pandemic levels and continued a summer-long trend, the U.S. Energy Information Administration (EIA) said Wednesday. Meanwhile, U.S. commercial oil inventories in the week ended July 30 — excluding those in the Strategic Petroleum Reserve – increased by 3.6 million bbl from the previous…
August 5, 2021Recent News
Daily Gas Price Index
As one of only two price reporting agencies that include ICE trade data to determine natural gas price indexes, NGI delivers robust indexes at a competitive price.
• Daily physical spot natural gas price indexes at 170+ locations
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Markets
September Natural Gas Prices Retreat in Face of Dangerously Low Storage
The latest round of government storage data was about as bullish as it could be, but sellers came into the fold once weather models showed the upcoming heat being a little less intense. The September Nymex gas futures contract settled Thursday at $4.140, off 1.8 cents day/day. October slipped 1.5 cents to $4.148. Spot gas…
August 5, 2021Mexico Gas Price Index
Daily news and natural gas pricing information service focused on price transparency in Mexico.
• Experienced insight into Mexican regulatory requirements, process guidelines and governmental oversight
• Regular interviews with Mexico natural gas subject matter experts
• NGI-calculated cost-plus-transport pricing, as well as official IPGN pricing
Markets
Mexico Natural Gas Market Spotlight: Domestic Production Up as U.S. Prices Hit $4.20
Mexico’s natural gas production is helping to meet national demand as U.S. prices continue to soar this summer. “Mexican dry gas output is ramping up again,” WoodMackenzie analyst Richardo Falcón told NGI’s Mexico GPI. Since July 21, dry gas production has averaged nearly 2.5 Bcf/d, up 0.24 Bcf/d above average levels seen for the past…
August 5, 2021Natural Gas Prices
Natural Gas Futures Hit Fresh Highs Ahead of Expected Small Storage Build
August 5, 2021Shale Daily
Impactful news and transparent pricing for shale and unconventional plays across the U.S. and Canada.
• Natural gas prices at 20+ North American shale basins and unconventional plays
• Quickly understand major factors affecting on of the world’s largest natural gas supplies
• On-the-ground news coverage of crucial market events impacting supply and demand fundamentals
Markets
Mexico Natural Gas Market Spotlight: Domestic Production Up as U.S. Prices Hit $4.20
Mexico’s natural gas production is helping to meet national demand as U.S. prices continue to soar this summer. “Mexican dry gas output is ramping up again,” WoodMackenzie analyst Richardo Falcón told NGI’s Mexico GPI. Since July 21, dry gas production has averaged nearly 2.5 Bcf/d, up 0.24 Bcf/d above average levels seen for the past…
August 5, 2021