Daily, Weekly and Bidweek Prices are in U.S.$/MMBtu except for locations in the Canada section which are in Cdn$/GJ. For more information, please seeNGI's Price Methodology.
NGI's Natural Gas Forward Basis Prices are expressed in U.S.$/MMBtu and based on indicative data obtained from traders, exchanges and deals provided by energy companies. "Fixed Price" represent the forward prices of natural gas delivered for each reference period at the various locations/hubs. "Basis Price" represent the differential, for each reference period, between the Henry Hub and various locations/hubs. The Summer and Winter prices are simple averages of Apr-Oct (7 months) and Nov-Mar (5 months) respectively. "Bal Smr" and "Bal Wtr" prices represent simple averages of the remaining months in those seasonal strips (after at least one month has passed). For daily updates of these natural gas forward basis data in monthly bullets going out 5 years, contact sales at email@example.com.
Incorporates transactions within Transwestern's West Texas and Central Pools. These two zones include transactions at all points along the West Texas Lateral between Station 8 in New Mexico and the terminus of the West Texas Lateral in Texas, and the portion of the Panhandle Lateral between Compressor Stations P-1 and Station 9.
Woefully low prices in West Texas headlined natural gas spot price action during the week ended March 22, with generally mild temperatures resulting in small adjustments for much of the Lower 48; the NGI Weekly Spot Gas National Avg. tumbled 22.5 cents to $2.535/MMBtu.
Natural gas futures capped off the week on a down note Friday, dropping to the bottom of the recent trading range amid an underwhelming demand outlook in the near-term. In the spot market, shoulder season conditions inspired discounts throughout the Lower 48, while extreme weakness in West Texas prices improved marginally; the NGI Spot Gas National Avg. fell 6.0 cents to $2.430/MMBtu.
With forecasts offering a clearer -- and generally bearish -- picture on the weather outlook through the end of the heating season, natural gas futures sold off Friday. In the spot market, forecasts for colder temperatures expected over the weekend boosted prices in the Northeast, while points in the West declined; the NGI Spot Gas National Avg. fell 13.5 cents to $2.715/MMBtu.
Expectations for a hefty late-season withdrawal from this week’s Energy Information Administration storage report helped natural gas futures continue to rebound Wednesday following a sharp sell-off earlier in the week. In the spot market, a mix of spring and winter weather in the forecast -- including snow in the Rockies and highs in the 60s and 70s further east -- produced a mix of price moves; the NGI Spot Gas National Avg. added 2.0 cents to $2.755/MMBtu.
Given unseasonably cold temperatures that peaked early during the week ended March 8 before tapering off, some moderation in weekly spot prices was inevitable; indeed, the NGI Weekly Spot Gas National Avg. slumped $1.155 to average $3.435/MMBtu.
After weighing lean stockpiles against the potential for eventual milder temperatures and ample production to quickly re-establish a supply cushion, the natural gas futures market decided to stand pat Friday. In the spot market, a mild weekend forecast sent Northeast prices plunging; the NGI Spot Gas National Avg. dropped 12.0 cents to $2.850/MMBtu.
Late-season cold accompanied sharp natural gas spot price gains throughout the Lower 48 during the week ended Friday (March 1), including a new record-high trade in the Pacific Northwest; the NGI Weekly Spot Gas National Avg. added $1.315 to $4.590/MMBtu.
The stars were aligned for natural gas bulls hoping to ride the wave of Tuesday’s gains as weather models continued to trend colder for the late February/early March period. But after hitting an intraday high of $2.689, the Nymex March gas futures contract slid from there, eventually settling Wednesday at $2.636, down 2.6 cents. April fell 2.8 cents to $2.669.
After a brief dip into negative territory, natural gas futures posted another gain Tuesday as the American weather model turned more aggressive, with cold returning to the East later this month. With already strong demand on tap beginning this week and lasting through next week, the Nymex March gas futures contract settled 4.6 cents higher at $2.688. April was up 4.6 cents to $2.705.
Natural gas futures rallied to start the week as weather guidance trended colder with a weather system expected to hit the United States this weekend and others that would potentially last into March. The Nymex March gas futures contract climbed 5.9 cents to settle Monday at $2.642, while April jumped 5.5 cents to $2.659.
Natural Gas Intelligence (NGI), is a leading provider of natural gas, shale news and market information for the deregulated North American natural gas industry. Since the first issue of Natural Gas Intelligence was published in 1981, NGI has provided key pricing and data relied upon daily by thousands of industry participants in the U.S, Canada and Mexico as well as Central and South America, Europe and Asia.