Story of the day
Ahead of May Expiry, Natural Gas Futures Faltering as Storage Surplus Grows
Earnings
Baker Hughes CEO Heralds ‘The Age of Gas,’ Touts LNG as Climate Solution
The world’s energy companies are becoming more pragmatic in their approach to reaching net-zero emissions and Baker Hughes Co.’s customers plan to boost their natural gas exposure in the coming years, CEO Lorenzo Simonelli said. It is “becoming clearer just how complex the undertaking is for the transition of the world’s energy ecosystem,” Simonelli said…
April 25, 2024
Earnings
Range Resources Sees Strong Natural Gas Demand, Keeps Production Steady
Range Resources Corp. kept natural gas production steady through the first quarter, even as others pulled back, and it expects to maintain the same pace through 2024. The Appalachian Basin pure play’s executives reiterated to analysts during a call to discuss first quarter earnings on Wednesday that they intend to hold output flat this year.…
April 25, 2024
LNG
Freeport LNG Reports Second Train 3 Outage in Two Weeks as Maintenance Continues
Freeport LNG Development LP has reported another outage of its third train, currently the only one not under extensive maintenance at its Texas terminal, days after production appeared to resume, according to pipeline data and regulatory filings. The firm told Texas environmental regulators the unit experienced a system trip on Tuesday afternoon that lasted until…
April 25, 2024
Earnings
Latin America Oil, Natural Gas Activity Climbs for Halliburton, SLB and Weatherford
Performance in Latin America during the first quarter proved to be strong for Halliburton Co. and Weatherford International plc, with each reporting double-digit revenue gains from a year ago. The oilfield services giants joined SLB Ltd. and Baker Hughes Co. in reporting their quarterly results. SLB reported a 2% gain in sales year/year across its…
April 25, 2024
LNG
Hammerfest, Freeport Outages Send Global Natural Gas Prices Higher – Three Things to Know About the LNG Market
NO. 1: A gas leak at the Hammerfest LNG export terminal in Norway that occurred during maintenance has shut the plant down until Friday. The facility, which is operated by Equinor ASA was evacuated Tuesday, and the leak has since been stopped. The cause is under investigation. Hammerfest is Europe’s only large-scale export terminal. It…
April 25, 2024
Energy Transition
Premium Too High for Customers Requesting Renewable Fuels, Natural Gas Suppliers Say
Natural gas end users are increasingly focused on sustainability and have shown a keen interest in the availability of low carbon fuel options. Still, the question often arises – are they willing to pay a premium? At the recent LDC Gas Forums Southeast in Ponte Vedra Beach, FL, executives of local distribution companies and natural…
April 25, 2024
Markets
Natural Gas Forwards Slide Overall as West Texas Outlook Brightens for Bulls
With excess storage inventories continuing to hang over the market through the shoulder season, natural gas forwards declined notably at the front of the curve for most regions during the April 18-24 trading period, data from NGI’s Forward Look show. May fixed prices at benchmark Henry Hub exited the period at $1.653/MMBtu, down 6.1 cents…
April 25, 2024
LNG
Navigating the New LNG Regulatory Landscape – Listen Now to NGI’s Hub & Flow
Click here to listen to the latest episode of NGI’s Hub & Flow podcast. Neil Chatterjee, a former FERC chairman and commissioner, joins NGI’s Jamison Cocklin, managing editor of LNG, to discuss the political and regulatory aspects of President Biden’s pause on authorizing new liquefied natural gas export projects. Chatterjee, an environmental and energy attorney…
April 25, 2024
Earnings
EQT Plans MVP Expansion to Serve Data Center Boom in Southeast
EQT Corp. said it would continue cutting 1 Bcf/d of production as U.S. natural gas prices remain near four-year lows, but management anticipates strong power generation demand in the coming years that has it planning an expansion of the Mountain Valley Pipeline (MVP). After a seven-year battle and a congressional mandate rescued the system from…
April 24, 2024Recent News
Earnings
Matador Bullish Even on Weak Waha Prices, as NGLs Diversifying Delivery Options
Apr 26, 2024
Haynesville Shale
Plunging Haynesville Production Leads Overall Natural Gas Supply Cut; Price Response Muted
Apr 26, 2024
Markets
Natural Gas Futures Slide as Hefty Wind Generation Plumps Up Weekly Storage Print
Apr 25, 2024
Earnings
Latin America Oil, Natural Gas Activity Climbs for Halliburton, SLB and Weatherford
Apr 25, 2024
Natural Gas Prices
Mild Weather and Supply Woes Weigh on May Natural Gas Bidweek Prices
Apr 25, 2024Daily Gas Price Index
As one of only two price reporting agencies that include ICE trade data to determine natural gas price indexes, NGI delivers robust indexes at a competitive price.
• Daily physical spot natural gas price indexes at 170+ locations
• News and analysis of key market events
• Daily breakdown of physical market natural gas price activity
Earnings
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
April 26, 2024Mexico Gas Price Index
Daily news and natural gas pricing information service focused on price transparency in Mexico.
• Experienced insight into Mexican regulatory requirements, process guidelines and governmental oversight
• Regular interviews with Mexico natural gas subject matter experts
• NGI-calculated cost-plus-transport pricing, as well as official IPGN pricing
Markets
Natural Gas Futures Slide as Hefty Wind Generation Plumps Up Weekly Storage Print
Natural gas futures tried to shake off a stronger-than-expected government inventory print Thursday but settled lower as benign weather and LNG hiccups weighed. At A Glance: EIA reports 92 Bcf injection West Texas cash flips negative Freeport LNG stays down Following a nearly 16-cent decline, the May Nymex contract settled down 1.5 cents day/day at…
April 25, 2024Earnings
Latin America Oil, Natural Gas Activity Climbs for Halliburton, SLB and Weatherford
April 25, 2024Shale Daily
Impactful news and transparent pricing for shale and unconventional plays across the U.S. and Canada.
• Natural gas prices at 20+ North American shale basins and unconventional plays
• Quickly understand major factors affecting on of the world’s largest natural gas supplies
• On-the-ground news coverage of crucial market events impacting supply and demand fundamentals
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
April 26, 2024Haynesville Shale