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Baker Hughes CEO Heralds ‘The Age of Gas,’ Touts LNG as Climate Solution
Markets
May Natural Gas Bidweek Prices Depressed on Second Day of Trade
As bidweek continued into a second day Thursday (April 25), baseload prices maintained the weak tenor established in Wednesday’s opener, according to NGI’s Bidweek Alert (BWA). Deal volumes were predominantly lower from Wednesday levels. Bidweek trading concludes on Friday. Leading on volume, Dawn in the Midwest saw 249,000 MMBtu/d in total volumes traded in 64…
April 26, 2024Earnings
Matador Bullish Even on Weak Waha Prices, as NGLs Diversifying Delivery Options
Dallas-based independent Matador Resources Co. delivered better-than-expected results during the first quarter, with Permian Basin-heavy natural gas production jumping 36%. Gas output reached nearly 390 MMcf/d, 4% higher than guidance. That came even as average realized gas prices were $2.96/Mcf, about 25% lower year/year. What stoked the performance was the diversified portfolio, executives explained during…
April 26, 2024Haynesville Shale
Plunging Haynesville Production Leads Overall Natural Gas Supply Cut; Price Response Muted
Natural gas exploration and production (E&P) companies in the Haynesville Shale continue to drive overall cuts to Lower 48 supply. Output there is down nearly 20% from a year earlier and continues to slide following well-telegraphed efforts to slow activity and balance an oversupplied market. Prices, however, have yet to respond, given a substantial supply…
April 26, 2024Markets
Ahead of May Expiry, Natural Gas Futures Faltering as Storage Surplus Grows
As traders contemplated a swelling storage surplus amid mild springtime temperatures, natural gas futures were down sharply ahead of the front month expiration Friday. With volume thin in its final day of trading, the May Nymex contract was off 9.9 cents to $1.539/MMBtu as of 8:35 a.m. ET. June was trading 5.5 cents lower at…
April 26, 2024Trending News
Earnings
Matador Bullish Even on Weak Waha Prices, as NGLs Diversifying Delivery Options
Apr 26, 2024Haynesville Shale
Plunging Haynesville Production Leads Overall Natural Gas Supply Cut; Price Response Muted
Apr 26, 2024Markets