Kevin Dobbs

Utilities still have an abundance of natural gas in underground storage from which to draw upon for winter heating needs – even after back-to-back triple-digit storage pulls to start the new year. Supplies in both the East and Midwest, though, are shrinking and poised to further dwindle following the frigid cold shots of mid-January that…

Kinder Morgan Inc. (KMI) said its natural gas pipeline and storage business expanded substantially late in 2023 and is poised for continued growth in the year ahead. It expects to capitalize on robust natural gas production and expectations for exponential growth in export demand in the back half of the decade. The Houston-based midstream giant…

Underground inventories of natural gas, until recently projected to finish winter at historically high levels, are widely expected to drop in coming government readings, a reflection of an extreme weather shift and huge hits to production. Frigid blasts of Arctic air spilled into the Lower 48 late last week and spread across the country. The…

Extreme cold that permeated much of the Lower 48 throughout the long Martin Luther King Jr. Day holiday weekend and into the current trading week at once sent natural gas demand soaring and froze wells, causing steep cuts to production that carried into Tuesday. Temperatures over parts of the Mountain West, Plains and Midwest plunged…

Weekly natural gas cash prices gained substantial ground for the second time early in the new year amid frigid temperatures across much of the Lower 48 and lighter production readings. NGI’s Weekly Spot Gas National Avg. for the Jan. 8-12 period cruised ahead $3.095 to $6.065. Big gainers peppered the Lower 48. Malin in the…

Natural gas futures rallied on Friday for the fourth time in the latest week’s five sessions, bolstered by subzero temperatures, production curtailments and a vigorous cash market. The February Nymex gas futures contract jumped 21.6 cents day/day and settled at $3.313/MMBtu.   At A Glance: Fierce winter freeze spreads Production substantially lower Significant storage pulls loom…

Front-month natural gas futures posted another strong gain on Thursday, bolstered by a bullish government inventory report and expectations for more to follow amid extreme cold that is both driving heating demand and curbing production. Following a 15.1-cent decline the prior day – the only loss of the year to date – the February Nymex…

Front-month natural gas futures posted another strong gain on Thursday, bolstered by a bullish government inventory report and expectations for more to follow amid extreme cold that is both driving heating demand and curbing production. Following a 15.1-cent decline the prior day – the only loss of the year to date – the February Nymex…

The U.S. Energy Information Administration (EIA) on Thursday printed a withdrawal of 140 Bcf natural gas from storage for the week ended Jan 5. The result exceeded most expectations and the five-year average decrease of 89 Bcf.  Prior to the report, draw estimates submitted to Reuters averaged 119 Bcf. NGI modeled a pull of 121…