The bull parade barreling through the natural gas futures market extended to a fourth consecutive session on Friday, fueled by lighter production and amplified by warnings of a worker walkout at key LNG export facilities.

At A Glance:

  • Front month gains 17.2 cents
  • Output hangs near 100 Bcf/d
  • Northern weather is bullish

Building on a 20.4 cent-spike the prior session, the November Nymex gas futures contract rose another 17.2 cents on Friday and settled at $3.338/MMBtu. For the week, it gained 14%.

Following strong gains earlier in the week, NGI’s Spot Gas National Avg. declined 5.5 cents on Friday to $2.425.

Production averaged about 100 Bcf/d during the week, off more than 2 Bcf/d from 2023 highs amid maintenance projects in multiple basins. This extended a trend of...