Daily, Weekly and Bidweek Prices are in U.S.$/MMBtu except for locations in the Canada section which are in Cdn$/GJ. The deals column represents the number of transaction reports used by NGI in the calculation of the price and the volume column, while the sum of the volume of those deals, in thousand MMBtus/day. For more information, please see NGI's Price Methodology.
Forward 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 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 data in monthly bullets going out 5 years, contact sales at firstname.lastname@example.org.
Tennessee Zone 0 South Description
Tennessee Zone 0 South begins near the Texas/Mexico border in McAllen County, TX and ends at the East Bernard (Station 17) Compressor Station in Wharton County, TX. Tennessee Pipeline split what was previously Zone 0 into Zone 0 South and North effective November 1, 2009.
Even as Covid-19 continues to shatter demand across the Lower 48, weather reclaimed its dominance on natural gas futures Friday as persistently colder forecasts pushed up prices to end the week. After trading a few pennies higher for most the day, a late-session bid sent the May Nymex contract up 6.9 cents to settle at $1.621. June climbed 6.6 cents to $1.738.
With seasonal factors and underlying fundamentals already keeping a lid on the natural gas spot market, the addition of coronavirus demand destruction gave prices nowhere to go but down during the trading week ending March 27; NGI’s Weekly Spot Gas National Avg. shed 15.0 cents to $1.405/MMBtu.
Amid upheaval in the oil patch and uncertainty over the demand impacts of the coronavirus pandemic, natural gas futures managed to hold relatively steady in Friday’s trading. The April Nymex contract rolled off the board at $1.634/MMBtu, off 0.3 cents day/day. The May contract slid 1.8 cents to $1.671.
Mirroring gains in equities as markets looked to lawmakers for economic relief in the face of the coronavirus pandemic, natural gas futures rallied Tuesday. The April Nymex contract settled at $1.653/MMBtu, up 5.1 cents on the day.
The volatility in the broader economy continued to make its presence felt in the natural gas futures market Friday, with prices ultimately sliding amid uncertainty over the full impact of the coronavirus. After trading as high as $1.700/MMBtu and as low as $1.574, the April Nymex contract went on to settle at $1.604, down 5.0 cents on the day.
As natural gas futures traders continued weighing coronavirus demand destruction against future production cuts, the bearish side of the argument won out Tuesday, at least for the near term. The April Nymex contract tumbled 8.6 cents to settle at $1.729/MMBtu.
The upheaval in oil markets provided natural gas bulls with a new lease on life during the trading week ended March 13, as the promise of future production cuts helped to rally both cash and futures; NGI’s Weekly Spot Gas National Avg. climbed 12.0 cents to $1.635/MMBtu.
Capping off a wild week of trading for both energy markets and beyond, natural gas futures inched higher Friday, boosted by a more supportive weather outlook and the prospect of future production cuts. The April Nymex contract picked up 2.8 cents to settle at $1.869/MMBtu after trading as high as $1.951 and as low as $1.795.
Extending the previous day’s gains, natural gas futures staged a furious rally Tuesday as the potential upstream fallout from plummeting oil prices has breathed new life into a chronically oversupplied market. The April Nymex contract surged 15.8 cents to settle at $1.936/MMBtu.
Uncertainty over the coronavirus outbreak continued to weigh on the outlook for the nascently global natural gas futures market Tuesday, but prices extended recent gains after last week’s test of a key long-term support level. Following through on the previous session’s rally, the April Nymex contract climbed 4.4 cents to settle at $1.800/MMBtu. May settled at $1.838, up 4.1 cents.
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.