Story of the day
IGU Sees Quick LNG Demand Recovery Post-Pandemic, but Imports Down 4% in 2020
Markets
Natural Gas Futures Pare Recent Gains on Cooler Weather Forecasts
Natural gas futures retreated Monday in a move that was not completely unexpected given the quick pace at which prices rallied last week. With pressure from cooler weather outlooks and weaker power burns, the September Nymex natural gas futures contract settled 8.5 cents lower at $2.153. October fell 8.9 cents to $2.287. Cash prices, however,…
August 10, 2020
Markets
Montney Producer Painted Pony Cites Lower Natural Gas Prices in $346M Friendly Takeover by Canadian Natural
Canadian Natural Resources Ltd. (CNRL), the nation’s top fossil fuel producer, scooped up 434 square miles of the liquids-rich Montney Shale gas formation in northern British Columbia (BC) with a friendly takeover of Painted Pony Energy Ltd. Painted Pony management recommended stockholder acceptance of CNRL’s cash offer of C$0.69/share ($0.52), or C$111 million ($83.3 million)…
August 10, 2020
Earnings
NW Natural’s Customer Base Expanding Despite Pandemic, with RNG Opportunities Eyed
Portland, OR-based NW Natural executives on Friday talked up prospects in the renewable natural gas (RNG) sector and the growth in the customer base, which has come despite depressed demand from Covid-19. CEO David Anderson during the second quarter conference call said construction and conversions have led to adding more than 13,000 customers during the…
August 10, 2020
Earnings
Marathon Oil Slashes Costs, But Says it is Gathering Production Momentum
Marathon Oil Corp. said stabilization in commodity prices enabled the company to raise its full-year oil production outlook even as it keeps costs in check and further lowers its capital expenditure (capex) plans. Houston-based Marathon — which works in Oklahoma, the Delaware Basin and the Bakken and Eagle Ford shales — raised slightly its 2020…
August 10, 2020
Earnings
Pinnacle West Builds Renewables Resources, but Natural Gas Still Seen as Solid Risk Management Tool
Phoenix-based Pinnacle West has a long-range commitment to add more alternative fuels to its utility mix, but natural gas should remain a risk management tool, the management team said during the second quarter earnings call. CEO Jeff Guldner said the integrated resource plan (IRP) for utility Arizona Public Service Co. (APS) filed in June called…
August 10, 2020
Earnings
Black Hills Utilities Seeing Decarbonization Pressure in Some Service Areas
While acknowledging uncertainty for the rest of the year, Rapid City, SD-based Black Hills Corp. executives reported lighter impacts from Covid-19 in the eight-state utility service territories. The corporate-wide $2.7 billion, five-year capital expenditure program is moving along, and growth in customers and gross margins for the natural gas and electric utilities have continued in…
August 10, 2020
Regulatory
Aethon Energy, Burlington Resources Get Green Light to Develop 4,250 Wells as Part of Moneta Divide Project
The U.S. Department of the Interior’s Bureau of Land Management (BLM) said it approved the development of up to 4,250 oil and gas wells for the Moneta Divide Project in Wyoming. The project stretches across more than 327,000 acres of mostly public lands. Aethon Energy Management and Burlington Resources Oil and Gas Company LP proposed…
August 10, 2020
LNG
LNG Recap: Global Natural Gas Prices Converge as Market Tightens
Global natural gas markets moved closer together last week with leading benchmarks posting significant gains as the outlook is seen improving. Henry Hub gas for September delivery jumped 33.5 cents week/week to average $2.090/MMBtu on Friday, while the prompt contract at the Dutch Title Transfer Facility (TTF) and the UK’s National Balancing Point both gained…
August 10, 2020
Earnings
Talos Maintains Bright Outlook For Private Sector E&P in Mexico Despite Tension
Despite tension between Mexico’s government and non-state energy firms, Houston-based Talos Energy Inc. maintains a bright outlook for private sector exploration and production (E&P) in the country, management said last week. President Andrés Manuel López Obrador has upheld his pledge to honor the more than 100 E&P contracts awarded following the 2013-2014 market-opening energy reform,…
August 10, 2020Recent News
Earnings
Talos Maintains Bright Outlook For Private Sector E&P in Mexico Despite Tension
Aug 10, 2020
Earnings
NW Natural’s Customer Base Expanding Despite Pandemic, with RNG Opportunities Eyed
Aug 10, 2020
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
• News and analysis of key market events
• Daily breakdown of physical market natural gas price activity
Markets
Forecasts Cool Over Weekend as Natural Gas Futures Called Lower Early
A cooler look from forecasts over the weekend helped send natural gas futures prices into retreat in early trading Monday. The September Nymex contract was off 3.8 cents to $2.200/MMBtu at around 8:45 a.m. ET. Since Friday, the major weather models have trended cooler, with both the American and European datasets dropping several gas-weighted degree…
August 10, 2020Mexico 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
Heat, Strong Power Burns Drive Stout Gains for Weekly Natural Gas Prices
With sizzling temperatures in the southern United States, and cheap natural gas prices driving strong power burns elsewhere, weekly cash prices rallied strongly the first week of August. Driven by 30-cent-plus gains in Texas and Louisiana, NGI’s Weekly Spot Gas National Avg. climbed 9.5 cents to $1.850. As daytime temperatures soared into the 90s and…
August 7, 2020Regulatory
Q&A with Daniel Salomón Sotomayor on Mexico’s Natural Gas Market Development
August 7, 2020Earnings
EOG Swings to Steep Loss as Coronavirus Crimps Demand, but Shut-ins Coming Back Online
August 7, 2020Shale 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
LNG
Permian, West Coast Natural Gas Big Benefactors of Oil Turbulence; LNG Poised to Lend Further Support
The oil market turmoil earlier this year provided a “rock solid bull trade for natural gas” that lifted basis to levels that should hold through 2021, particularly for West Coast locations and the upstream markets that serve them, according to market experts. Speaking Wednesday during a webinar hosted by Bloomberg and Natural Gas Intelligence, NGI’s…
August 7, 2020