Story of the day
Natural Gas Futures Slide as Hefty Wind Generation Plumps Up Weekly Storage Print
Earnings
ExxonMobil Sees ‘Long-Term Future’ for Natural Gas and Oil – with Targets on Low Cost of Supply, Woods Says
ExxonMobil will add more natural gas – including LNG – into the portfolio, both in the United States and overseas, as long as they are “advantaged investment opportunities,” according to CEO Darren Woods. During the quarterly conference call on Friday, Woods was asked whether more liquefied natural gas assets would be added to the portfolio…
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, 2024Recent 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