Alex Steis joined the staff of NGI in June of 2000. He received his bachelor's degree in Business Management from Syracuse University in New York in May of 2000.
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Articles from Alex Steis
Robust Storage, Lack of Sustained Cold Push NatGas Prices Lower
With the nationwide polar vortex expected to loosen its grip over the weekend, natural gas price bulls were not finding much traction in Friday trading as cash values were awash in a sea of red, and the front-month futures contract continued its retreat even further below the psychological $3 price point.
February 1, 2019
U.S. Oil & Gas Rigs Jump By 13; Analysts Bullish on International Growth
Oil and natural gas supply and price signals are still telling exploration and production (E&P) companies to drill, according to the latest U.S. rig count from Baker Hughes, a GE company (BHGE).
August 10, 2018
U.S. NatGas Rigs Record Third Straight Weekly Decline; Oil Dips Too
It would appear U.S. natural gas producers have finally taken notice of the price signals being sent as Baker Hughes Inc. reported Friday that the number of rigs on the hunt for the commodity have dropped for the third consecutive week.
June 29, 2018
BHI’s Domestic Rig Count Drops Amid Both Oil, NatGas Oil Declines
The U.S. rig count fell by five units for the week ended Friday thanks to a drop in both oil and natural gas activity, including declines in the Haynesville and Eagle Ford shales and in the Williston Basin, according to data from Baker Hughes Inc.
June 29, 2018
Summer Demand Ramps Up, But Robust NatGas Production Keeping a Lid on Prices
With summer beginning to kick into high gear, natural gas market watchers are eager to see whether periods of prolonged heat can provoke enough cooling demand to put a dent in robust gas supply and nudge prices higher.
June 27, 2018
NatGas Cash Strong on Summer Sizzle; July Futures Expire Just Shy of $3
With summer beginning to kick into high gear, natural gas market watchers are eager to see whether periods of prolonged heat can provoke enough cooling demand to put a dent in robust gas supply and nudge prices higher.
June 27, 2018
Permian Riding High in Latest Baker Hughes Rig Count
Oil was king for the week ending May 25 as the number of rigs on the hunt in the United States increased by 15 rigs to 859 over the previous week, according to Baker Hughes Inc. (BHI) data.
May 25, 2018
EIA’s On Target 86 Bcf Draw Confirms No Urgent Storage Tightness
Industry prognosticators hit it nearly right on the nose Thursday morning as the Energy Information Administration (EIA) reported that 86 Bcf was withdrawn from underground storage for the week ending March 16.
March 22, 2018
Seasonal Rig Slowdown Continues, But for How Long?
Adhering to the normal winter rig slowdown, the number of U.S. oil and gas rigs in operation for the week ended Jan. 5 dropped by five to 924, according to Baker Hughes data. However, all five lost rigs came from the oil side of the ledger.
January 5, 2018
DJ-Niobrara, Permian Still in Producers’ Focus Based on Rig Count
The last North American rig count of 2017 went out with a whimper instead of a bang as the number of rigs actively drilling for oil and gas for the week ending Dec. 29 declined by two units to 929, according to Baker Hughes data.
December 29, 2017