Southern Star Midcontinent Natural Gas Prices

Daily Change
0.625
56.80%
Month/Month Change
0.065
3.90%
Year/Year Change
-0.295
-14.60%
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Region Location
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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.

Volatility Returns to Natural Gas Market as Futures Surge; Cash Rallies Despite Mild Temps

A significantly hotter shift in some of the weather models was enough to help natural gas futures recover more than half of last week’s roughly 20-cent plunge. The July Nymex gas futures contract skyrocketed 11.7 cents on Monday to settle at $2.303. August jumped 11.5 cents to $2.284.

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Rain Drenches Weekly Natural Gas Prices; Futures Crumble as Storage Swells

Another week without widespread heat left natural gas prices mixed for the June 17-21 period, with modest gains in much of the country taking a back seat to extreme weakness in California and Rockies. The NGI Spot Gas Weekly Avg.dropped 6 cents to $1.93.

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Natural Gas Futures Pause as Weather Models Cool; Cash Sinks to Near $1 in California

Natural gas futures closed last week in positive territory, but only as a sign that the market stopped for a breather after Thursday’s dramatic plunge, not any renewed bullish momentum. After climbing as high as $2.222, the July Nymex gas futures contract settled Friday at $2.186, up one-tenth of a cent. Similarly modest shifts were seen throughout the curve. Read More
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New Day, New Low as Natural Gas Futures Crumble After Storage Data; Cash Slips Too

A hugely bearish storage report swept the floor out from under natural gas prices Thursday, sending the prompt month down to a fresh low and... Read More
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EIA Reports 115 Bcf Storage Build, Drops Mic on Natural Gas Futures

The Energy Information Administration (EIA) dropped another bombshell on the natural gas market, reporting... Read More

Uncertainty on Looming Heat Behind Natural Gas Futures Sell-Off; Cash Pulls Back

A notable decline in natural gas production did nothing to deter bears who took back control of the market on Tuesday. With weather models remaining at odds over the intensity and duration of an expected heat wave later this month, the July Nymex gas futures contract fell 5.8 cents to settle at $2.328. August dropped 6.2 cents to $2.311. Read More

Natural Gas Futures Steady as Traders Mull Latest Weather Outlooks, Higher Production

Natural gas futures stalled Monday even as production data trended higher over the weekend. With weather models maintaining a hotter-than-normal period during the last third of the month, the July Nymex gas futures contract slipped one-tenth of a cent to $2.386/MMBtu. August fell 0.8 cents to $2.373. Read More

With Projected Heat Intensifying, Natural Gas Futures Recover Losses; Cash Mixed

In a sign that Thursday’s 6.1-cent decline was a bit overdone, natural gas futures recovered all of those losses -- plus a penny -- on Friday. Driven in part by more supportive long-range weather forecasts, the July Nymex gas futures contract rose 6.2 cents to settle at $2.387. August climbed 5.9 cents to $2.381. Read More
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EIA Reports Low-End, Triple-Digit Natural Gas Storage Build

The Energy Information Administration (EIA) on Thursday reported a 102 Bcf injection into storage inventories... Read More

Hotter-Trending Forecasts Fuel Natural Gas Futures; Pipe Maintenance Leaves Cash Mixed

In an extremely quiet session for most of Tuesday, natural gas futures prices rose for a third straight day as weather outlooks began to trend warmer for the latter part of June. However, it wasn’t until midday data trended even hotter that confidence in the forecasts grew, sending the July Nymex up 4.2 cents to settle at $2.399. Gains of 4 cents or more were seen through September, although prices for those contracts remained below $2.40. Read More