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Natural Gas Futures, Spot Prices Find Fresh Footing Following Seasonally Light Storage Increase
E&P
U.S. Land Oil, Gas Permitting Ticked Higher in March, but Still Off from Year Ago
Lower 48 oil and gas permitting requests increased in March, up 26% over February, according to a compilation of federal and state data compiled by Evercore ISI. The analyst firm reported that 3,418 permits were issued in March versus 2,719 in February. The overall permit total this year, though, remained 1,018 lower than in March…
May 3, 2024Natural Gas Prices
SoCal Summer Premiums Ease in Recent Natural Gas Forwards Trading
Amid continued downward pressure from excess storage inventories, and with cooling demand yet to ramp up in earnest, regional natural gas forwards drifted lower during the April 25-May 1 trading period, according to NGI’s Forward Look. June fixed prices at Henry Hub exited the period at $1.939/MMBtu, down 4.6 cents week/week. In line with the…
May 3, 2024E&P
Three Natural Gas Rigs Exit U.S. Onshore, BKR Says
The U.S. natural gas rig count slid to 102 during the week ended Friday (May 3) as three rigs were sent packing for the period, according to updated figures from oilfield services provider Baker Hughes Co. (BKR). The 102 active U.S. natural gas rigs as of Friday represented a decline of 55 rigs versus the…
May 3, 2024Earnings
Cheniere Execs See Ample Global Demand for Coming LNG Supply Wave
Cheniere Energy Inc. expects the global natural gas market to accommodate the coming influx of LNG volumes expected to hit the water by the end of the decade as it continues to make progress on three of its own projects. “We acknowledge that the global capacity under construction today plus what may reach [final investment…
May 3, 2024Recent News
Regulatory