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
Appalachia Supply Glut to Keep Henry Hub Prices at a Premium Through 2021
Despite a full roster of planned and already constructed pipeline projects aimed at uncorking the glut of supply from the Appalachian Basin, the average basis of U.S. forward market locations covered byNGI’s Forward Look for the remainder of 2015 came in at negative 3.3 cents during trading on Aug. 19. Said differently, the average price of natural gas across the United States is expected today to be 3.3 cents less than the Henry Hub over the course of September, October, November and December 2015, and the gap is expected to get much wider before narrowing.
August 21, 2015
Smaller-Than-Expected Natural Gas Storage Injection Gives Bulls a Bump
Natural gas futures traders reacted somewhat bullishly following the news Thursday that 53 Bcf was injected into underground storage for the week ending Aug. 14, a number that was somewhat smaller than industry expectations.
August 20, 2015
Natural Gas Forwards Following Futures; Bearish Storage Build Steals Bulls’ Thunder
Natural gas forward points tracked by NGI took their cue over the last week from the rising screen as heat in population centers across the country teamed to put upward pressure on prices.
August 14, 2015
Traders Were Prepared For Bullish Storage Report; NatGas Forwards Asleep to Begin August
Broadly, September basis prices around the country during the first week of August were flatter than a pre-Columbus map of the world. Changes in regional market dynamics just couldn’t supply enough steam to get basis prices to shift.
August 7, 2015
Natural Gas Forwards Quiet; Bullish Storage Report Already Priced in to Futures
Broadly, September basis prices around the country during the first week of August were flatter than a pre-Columbus map of the world. Changes in regional market dynamics just couldn’t supply enough steam to get basis prices to shift.
August 7, 2015
Sumas Forward Natural Gas Basis Surges on Temperatures, Low Hydro
Natural gas forwards markets for September trading were mostly quiet since last week, showing only small changes of less than one cent on average. As with every rule, however, there are some exceptions.
July 31, 2015
ConocoPhillips Looks to Unload ‘Mature’ Cook Inlet Fields
Just weeks after the Houston super independent announced it was scuttling its deepwater exploration spending for 2015 in an effort to endure lean times (see Daily GPI,July 17), ConocoPhillips said Tuesday the Alaskan unit — ConocoPhillips Alaska (COPA) — has put its North Cook Inlet Field and it’s one-third interest in the Beluga River Field on the market.
July 29, 2015
Nasdaq’s NFX Energy Derivatives Platform Goes Live
Making good on their March promise to launch a line of energy futures products by mid-year 2015, Nasdaq announced that its U.S.-based Nasdaq Futures Inc. (NFX) platform went live last Friday with an initial slate of futures and options on oil, natural gas and U.S. power benchmarks, with a fee holiday for the first nine months of trading.
July 27, 2015
August Heat Expectations Spur Northeastern Natural Gas Forward Values Higher
Possibly on expectations of warmer weather, Transco Zone 6 NY’s August natural gas basis pricing has been on the rise, moving up 29 cents from minus $1.161 to minus $0.870 since the August contract became prompt. However, erasing the deficit to the Henry Hub completely is not likely to happen till late fall, according to NGI’s analysis of forward prices.
July 17, 2015
Ample Storage Levels Have Northeast NatGas Forward Prices Unimpressed With Coming Winter
Possibly on expectations of warmer weather, Transco Zone 6 NY’s August natural gas basis pricing has been on the rise, moving up 29 cents from minus $1.161 to minus $0.870 since the August contract became prompt. However, erasing the deficit to the Henry Hub completely is not likely to happen till late fall, according to NGI’s analysis of forward prices.
July 17, 2015