Jeremiah Shelor

Milder weather trends and the diminishing threat of extreme winter price spikes had natural gas futures in freefall early Tuesday. After plummeting 62.3 cents to open the week, the January Nymex contract was off an additional 28.8 cents to trade at $4.566/MMBtu as of around 8:50 a.m. ET. The continued selling for the January contract…

Natural gas futures were off sharply in early trading Monday, erasing gains recorded alongside front-month expiration late last week as analysts pointed to warming forecasts and weaker fundamentals. The January Nymex contract was down 51.5 cents to $4.962/MMBtu at around 8:40 a.m. ET. The December contract rolled off the board on Friday with a 37.9-cent…

An uptick in North Dakota drilling activity helped send the U.S. rig count six units higher to finish at 569 during the abbreviated pre-Thanksgiving period ended Wednesday (Nov. 24), updated Baker Hughes Co. (BKR) data show. All the net gains for U.S. drilling for the period occurred on land and in the oil patch. Total…

The U.S. natural gas rig count went unchanged at 102 for the abbreviated pre-Thanksgiving period ended Wednesday (Nov. 24), while an uptick in drilling activity in North Dakota helped lift the oil count six units higher, according to updated Baker Hughes Co. (BKR) data. As with the total number of natural gas-directed rigs, the Gulf…

Natural gas futures were hovering close to even early Wednesday ahead of the release of fresh government inventory data expected to show the season’s first storage withdrawal. The December Nymex contract was up 3.7 cents to $5.004/MMBtu at around 8:50 a.m. ET. NGI’s machine learning model is calling for a 26 Bcf withdrawal from Lower…

Boosted by a large cold shift from the European weather model overnight, natural gas futures significantly pared their recent losses in early trading Tuesday. After dropping 27.6 cents in the previous session, the December Nymex contract was up 15.7 cents to $4.946 at around 8:50 a.m. ET. The latest model runs led Bespoke Weather Services…

Natural gas futures were down sharply in early trading Monday as weather models over the weekend advertised a pattern that would deliver notably warmer-than-normal temperatures for early December. The December Nymex contract was down 25.2 cents to $4.813/MMBtu at around 8:45 a.m. ET. Compared to Friday’s outlook, the largest change in the temperature outlook occurred…

The U.S. natural gas rig count finished unchanged at 102 during the week ended Friday (Nov. 19) as the oil patch continued to set the pace for growth in domestic drilling activity, according to the latest numbers from Baker Hughes Co. (BKR). The overall U.S. rig count added seven units — all oil-directed — to…

The Permian Basin was the focal point of U.S. onshore drilling activity during the week ended Friday (Nov. 19), spurring a seven-rig increase in the combined domestic count, which finished at 563, according to the latest numbers from Baker Hughes Co. (BKR). All of the net gains for the week in the United States occurred…