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U.S. Natural Gas Count Eases to 105; Oil Rigs Down Five, BKR Data Show
Markets
Discounts Abound in Natural Gas Markets to Close Out Week — MidDay Market Snapshot
As mild weather threatened to further pad storage surpluses, natural gas futures sagged through midday trading Friday. Meanwhile, spot market buyers seeking supplies for weekend and Monday delivery were finding bargains aplenty. Here’s the latest: June Nymex futures down 7.5 cents to $1.911/MMBtu as of 2:15 p.m. ET From recent levels, natural gas futures face…
April 26, 2024Earnings
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, 2024Markets
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, 2024Trending News
Markets
Discounts Abound in Natural Gas Markets to Close Out Week — MidDay Market Snapshot
Apr 26, 2024Earnings
Matador Bullish Even on Weak Waha Prices, as NGLs Diversifying Delivery Options
Apr 26, 2024Haynesville Shale