Facing bearish weather headwinds into early February, regional natural gas forward prices generally drifted lower during the Jan. 18-24 trading period, NGI’s Forward Look data show.

Amid a return to the unseasonably mild temperatures that dominated forecast maps prior to a mid-January Arctic cold blast, fixed prices at numerous hubs impacted by the deep freeze saw notable declines. Losses were especially pronounced at the front of the curve in many instances.

In the Midwest, Chicago Citygate fixed prices tumbled 60.6 cents for February to end the Jan. 18-24 period at $3.159/MMBtu. Over in the Midcontinent, Northern Border Ventura plunged $1.056 to finish at $4.009 for February.

[Actionable Insight: Did you know that NGI is one of only two Price Reporting Agencies that...