Alex Steis

Oil and natural gas producers in Texas received a legislative win on Monday as the Texas Senate approved passage of HB 40, also referred to as the “Denton Fracking Bill,” with a vote of 24-7. The piece of lawmaking now awaits Gov. Greg Abbott’s signature.

Traders in the natural gas forward market eyeing May, June and the remainder of the summer strip don’t seem to be expecting much in the way of surprises. Some obvious considerations seem to be the degree to which reductions in industry capital expenditures will reduce production, the usual hurricane forecasts and the weather in general.

Traders in the natural gas forward market eyeing May, June and the remainder of the summer strip don’t seem to be expecting much in the way of surprises. Some obvious considerations seem to be the degree to which reductions in industry capital expenditures will reduce production, the usual hurricane forecasts and the weather in general.

Traders in the natural gas forward market eyeing May, June and the remainder of the summer strip don’t seem to be expecting much in the way of surprises. Some obvious considerations seem to be the degree to which reductions in industry capital expenditures will reduce production, the usual hurricane forecasts and the weather in general.

Traders in the natural gas forward market eyeing May, June and the remainder of the summer strip don’t seem to be expecting much in the way of surprises. Some obvious considerations seem to be the degree to which reductions in industry capital expenditures will reduce production, the usual hurricane forecasts and the weather in general.

Looking to expand its physical footprint in the northeastern United States and capitalize on growing natural gas supplies out of the Marcellus and Utica shales, Tenaska Marketing Ventures (TMV) said Thursday that it has opened a new regional office in Boston — the company’s sixth in North America.

Physical natural gas prices nationally for weekend and Monday delivery were a sea of red ink on Friday as traders studied weather forecasts calling for colder Canadian air to mostly stay north of the border. The only points that recorded gains Friday were the Algonquin Citygate and those tied to the Marcellus Shale, which often times follow their own set of fundamentals due to the region’s complex lineup of supply glut and capacity constraints.

For the week ending March 27, physical natural gas prices dropped from a couple of pennies to a dime at points across the country as spring began to make an appearance and the industry digested the first storage injection of the year. April futures expired Friday at $2.590, down 19.6 cents from the previous week’s finish.

Virginia could be looking at 1,600 MW of new natural gas-fired power in 2019 if a power plant project proposed by Dominion Virginia Power receives regulatory approval. The project, which is expected to cost more than $1 billion, would be located in Greensville County, VA.