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 email@example.com.
NGPL Midcontinent Description
We only include deliveries into a portion of the NGPL Midcontinent area, which is the largest rate zone on the NGPL system. The portion of the zone we include begins with Station 155 in Wise County, TX, moves northeast to Station 801, and includes the entire "triangle" area marked by Station 156 in Oklahoma, Station 112 in Moore County, TX (North Texas Panhandle), and Station 103 in South Central Kansas. However, we do not incorporate any transactions that are delivered to NGPL between Stations 103 and the terminus of the Midcontinent Zone at Station 106 in Gage, NE.
The season’s first spell of legitimate winter cold delivered as promised for natural gas markets during the week ended Friday (Nov. 16), as the robust start to winter compounded concerns over storage deficits to send physical and futures prices soaring. The NGIWeekly Spot Gas National Avg. jumped $1.170 to $4.565/MMBtu.
Natural gas futures rallied Friday to close out a wild week, with forecasters pointing to long-range cold risks that served to exacerbate storage fears. In the spot market, a number of Northeast points gained on a wintry forecast as most regions sold off heading into the weekend; the NGI Spot Gas National Avg. fell 67.0 to $4.350/MMBtu.
With impressive early winter cold amplifying the risks posed by lean stockpiles, the recent rally in the natural gas futures market showed no signs of letting up Tuesday -- and if anything seemed to accelerate. Meanwhile, another day of widespread weather-driven gains yielded some of the strongest early winter spot prices since 2014; the NGI Spot Gas National Avg. tacked on another 35.5 cents to $4.410/MMBtu.
Natural gas futures rebounded Friday on colder trends for the second week of November, with more volatility from weather models for a market keenly focused on shifts in the temperature outlook. The December Nymex contract added 4.7 cents to settle at $3.284/MMBtu after trading in a fairly wide range from $3.166 to $3.313. January added 3.5 cents to $3.310, while February climbed 1.9 cents to $3.192.
December natural gas futures strengthened Wednesday as the possibility of chillier weather in the medium range and persistently low storage inventories once again caused jitters for the market. The Nymex December futures contract rose 7.4 cents to $3.261, while January climbed 5.8 cents to $3.302.
Shoulder-season volatility -- in both weather models and natural gas pricing -- continued on Tuesday as traders appeared unsure of what to make of the latest weather data, which reflected a return to cold weather in the long range but warmer weather through the medium term. The Nymex December gas futures contract, in its first day in the prompt-month position, settled at $3.187, down 1.1 cents on the day. January slipped 1.7 cents to $3.244.
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.