Earnings

Houston-based Coterra Energy Inc. is shifting its near-term capital spending in the Lower 48 to focus on oil and liquids-rich plays, but optionality is still in play to take advantage of a “structural change in the natural gas macro” later this year, CEO Tom Jorden said. During the first quarter conference call, Jorden said caution…

Natural Gas Prices

Technical indicators suggest natural gas bulls could soon take control of the market after a run higher for June natural gas futures on the New York Mercantile Exchange (Nymex). The prompt-month June futures contract first broke above the descending triangle formulation that has been constraining it since mid-February on Thursday (May 2), said NGI’s Pat…

Markets

With falling supply amid springtime pipeline maintenance supporting the fundamental outlook for natural gas, futures added to their recent gains in early trading Tuesday. The June Nymex contract was up 1.7 cents to $2.212/MMBtu at around 8:30 a.m. ET. July was up 1.2 cents to $2.475.  Daily production declined sharply in updated estimates on Tuesday…

LNG

Israel is exploring options for building an onshore or floating LNG (FLNG) facility offshore, potentially expanding the country’s lucrative natural gas exports and its foothold in the global market. Over the past several years, the Israeli Energy Ministry has taken steps to use two of the country’s massive gas discoveries, the Tamar and Leviathan fields,…