Opal Rocky Mountains Natural Gas Prices

Daily Change
-0.095
-4.90%
Month/Month Change
-0.440
-19.40%
Year/Year Change
-0.500
-21.50%
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Region Location
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Opal Description

Includes deals done at the Opal Hub in Lincoln County, WY. Our index also contains deals done at the Muddy Creek Compressor station, and the Pioneer, Hams Fork, and Roberson Creek receipt points along Kern River Pipeline. Connecting pipelines in the Opal area include Kern River, Northwest, Colorado Interstate Gas (CIG), Rockies Express, Questar, Overthrust Pipeline, and Wyoming Interstate Company (WIC).

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
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Easing Temperatures Send Weekly Prices Lower; Permian Rebounds as Pipe Work Ends

After a scorching end to May, temperatures eased a bit for the first week of June, sending natural gas demand and prices lower for the June 3-7 period. Led by steep declines in the Rockies and the Midwest, the NGI Spot Gas Weekly National Avg. fell 7.5 cents to $1.955. Read More

Natural Gas Futures Bounce Slightly as Demand Added to Weather Forecasts; Cash Slips

Trading action quieted down Friday for natural gas futures as market participants opted to take a breather ahead of the weekend. With a small bit of demand added back into long-term weather forecasts, the July Nymex contract rose 1.3 cents to settle at $2.337/MMBtu. August rose less than a penny to $2.331. Spot gas prices softened amid light weekend demand, with the NGI Spot Gas National Avg. tumbling 9.5 cents to $1.905. Read More

Natural Gas Futures Hit Pause Button on Recent Slide Despite Ongoing Bearish Sentiment

Weather models continued to show cooler trends for the latter part of June, but after plunging more than 20 cents over the past three trading sessions, a technical bounce kept natural gas futures prices in the black on Tuesday. Spot gas prices continued to decline in several areas as stormy conditions were expected to move across the country through Wednesday. However, eastern markets strengthened a bit due to a loss of supply in the region. The NGI National Spot Gas National Avg.rose 6.5 cents to $1.935.

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Natural Gas Futures Follow Through to Downside -- And Then Some

Provided an opening by an outsized inventory build and a mild forecast, and on a day of broader uncertainty among investors, bears strengthened their grip on the natural gas futures market Friday. Meanwhile, spot prices saw heavy discounts from coast to coast ahead of the weekend; the NGI Spot Gas National Avg. tumbled 22.0 cents to $1.860/MMBtu.

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Southeast Heat Can’t Erase Weakness in Weekly Natural Gas Spot Prices

The prospect of record Southeast heat provided the lone bright spot for natural gas bulls in the spot market during the week ended May 24; with widespread discounts in the lead-up to Memorial Day, the NGI Weekly Spot Gas National Avg. tumbled 17.5 cents to $2.035/MMBtu. Read More
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Another Three-Digit EIA Injection; NatGas Balances in Need of ‘Material Improvement’

The Energy Information Administration (EIA) on Thursday reported a 100 Bcf weekly injection into U.S. natural gas stocks, a figure on the low side... Read More

Production Dip, Demand Gains Power Natural Gas Futures Rally

Natural gas futures rallied several cents Tuesday, aided by an uptick in anticipated weather-driven demand and a dip in daily production estimates. Spot prices, meanwhile, were mixed, as declines in the Northeast countered gains further west; the NGI Spot Gas National Avg. added 0.5 cents to $2.305/MMBtu. Read More