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Alex Steis

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.

Down Again? Physical, Financial NatGas Suffer Heavy Weekly Losses

Natural gas price bulls might like to forget the short trading week ending June 2 as moderate temperatures combined with bearish storage data to produce a sea of red in terms of price losses in both the physical and futures natural gas arenas.

June 2, 2017
Bears Double Up on Storage Injection, Reclassification; Futures Break Below $3

Bears Double Up on Storage Injection, Reclassification; Futures Break Below $3

Natural gas futures bears were large and in charge Thursday morning after digesting a larger-than-expected storage injection report, which appeared even larger thanks to a reclassification from working gas to base gas.

June 1, 2017
CPP or Not, NatGas Seen as Critical in Power Generation Future, Study Finds

CPP or Not, NatGas Seen as Critical in Power Generation Future, Study Finds

Natural gas has played and will continue to play a critical role in power generation within the United States, regardless of what the Trump administration does with the Clean Power Plan (CPP), according to a new study conducted by Pace Global and commissioned by the Natural Gas Supply Association (NGSA).

April 21, 2017
Natural Gas Growth in Power Generation Stack Expected to Continue, NGSA Study Finds

Natural Gas Growth in Power Generation Stack Expected to Continue, NGSA Study Finds

Natural gas has played and will continue to play a critical role in power generation within the United States, regardless of what the Trump administration does with the Clean Power Plan (CPP), according to a new study conducted by Pace Global and commissioned by the Natural Gas Supply Association (NGSA).

April 21, 2017
Subscriber Notice Regarding NGI’s Market-Leading Natural Gas Price Indexes

Subscriber Notice Regarding NGI’s Market-Leading Natural Gas Price Indexes

Natural Gas Intelligence (NGI) price indexes, which have included Intercontinental Exchange (ICE) Data since 2008, currently have the most robust base of volumes and deals of any published natural gas price indexes available (see charts).

January 31, 2017

Forecast of Cold Return Buoys Natural Gas Futures, Cash Prices

Returning after the holiday weekend, natural gas bulls looked to regain control of the futures and cash markets on reports that the recent warm-up is expected to be short-lived for much of the country. NGI’s National Spot Gas Average on Tuesday increased 9 cents to $3.60, and the January futures contract added 9.9 cents to close the day’s regular trading session at $3.761.

December 27, 2016

Phillips 66 Sees 25% 2017 Capital Reduction, Focuses on NGLs, Transportation

While still taking a cautious approach to investment due to the current business climate, Houston-based Phillips 66 said Friday that more than half of its 2017 capital budget will be allotted to the company’s natural gas liquids (NGL) and transportation businesses, with 85% of that targeting growth projects.

December 9, 2016
RSP Permian Completes First Stage of Silver Hill Acquisition

RSP Permian Completes First Stage of Silver Hill Acquisition

Looking to expand its portfolio of Permian sub-basin targets, Dallas-based RSP Permian Inc. said this week that it has completed the first part of itspreviously announced acquisitions of Silver Hill Energy Partners, LLC (“SHEP I”) and Silver Hill E&P II, LLC (“SHEP II).

November 29, 2016
Rig Recovery a Game of Fits and Starts

Rig Recovery a Game of Fits and Starts

Coming off of gains in both the natural gas and oil arenas the previous week (see Shale Daily,June 17), U.S. rig watchers and their claims of recovery were forced to digest mixed news Friday as the number of gas rigs continued to climb, but the oil count stumbled, according to Baker Hughes data for the week ending June 24.

June 24, 2016

Northeast NatGas Cash Points Buck National Decline on Cold Snap; Futures Probe Lower Range

End-of-week selling on Friday produced a sea of red for natural gas prices for deliveries Saturday through Monday, while natural gas futures followed suit as the June contract slumped 5.9 cents to finish the day’s regular session at $2.096, down five-tenths of a penny from the previous Friday’s close.

May 13, 2016