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.
Southern Star Description
Our Southern Star index encompasses transactions within the Midcontinent portion of the pipeline's Production Area. We include all portions of the pipeline that lie in Oklahoma, the small piece that extends into Hemphill County, TX, the section that runs from the Kansas-Hugoton Field in SW Kansas to the Hesston Compressor Station in Harvey County, KS, and the North-South lateral that connects the Hesston Station to the Blackwell Station in Kay County, OK. We do not include transactions along the portion of the pipeline that originates in the Wamsutter area in Wyoming and connects with the Hesston Station, since that gas is more indicative of Rocky Mountains production. We also exclude the entire Market Area of the Southern Star system.
The Energy Information Administration Thursday reported a net 92 Bcf weekly withdrawal from U.S. natural gas stocks, slightly to the tighter side of consensus; futures prices, already rallying, pulled back on the news.
Hints of volatility in the Northeast and moderation out West highlighted a relatively uneventful week of winter trading in the natural gas spot market during the Jan. 13-17 period; NGI’s Weekly Spot Gas National Avg. picked up 13.0 cents to $2.155/MMBtu.
Sub-$2 natural gas futures could be a matter of “when” and not “if” absent more intimidating winter weather, as a much warmer forecast Friday prompted a sell-off that had the front month testing that psychologically significant barrier. February Nymex futures fell 7.4 cents to settle at $2.003/MMBtu after dropping as low as $1.994; March settled at $1.985, down 6.1 cents.
The prospect of a return to something resembling winter temperatures later this month provided enough impetus Friday to lift natural gas futures ahead of another potentially pivotal weekend of weather data. The February Nymex contract picked up 3.6 cents to settle at $2.202/MMBtu; March settled at $2.168, up 2.0 cents.
The start of a new year and a new decade brought the same underwhelming winter weather that kept the pressure on natural gas prices to close out 2019; heavy discounts along the East and West coasts during the trading week ended Jan. 3 dropped NGI’s Weekly Spot Gas National Avg. 11.5 cents to $1.970/MMBtu.
With January projected to be one of the Top-10 warmest on record, the double-digit decreases in bidweek prices reflect just how much things can change in a year. NGI’s January Bidweek National Avg. dropped 26.0 cents to $2.565.
Although eager to put 2019 in the rearview mirror, natural gas bulls managed to close out the year on a slightly positive note, sending futures a few ticks higher during the final trading session of the decade. The February Nymex gas futures contract settled Tuesday at $2.189/MMBtu, up three-tenths of a cent from Monday’s close. March rose just .001 cents to $2.158.
After struggling to hold their head above water, natural gas futures sank Monday as sustained cold weather remained absent from long-range forecasts. The February Nymex gas futures contract, in its first day in the prompt-month position, settled at $2.186/MMBtu, down 4.5 cents from Friday’s close. March slipped 1.6 cents to $2.157.
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.