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EOG Staying Active, Bullish Longer Term on North American Natural Gas Market
Regulatory
Former FERC Chairman Chatterjee Sees LNG Permit Pathways Improving, but DOE Pause Clouds Outlook
While regulatory uncertainty from the Department of Energy (DOE) hangs over U.S. LNG development, former FERC Chairman Neil Chatterjee sees the pathway for permitting at the Commission improving. The liquefied natural gas industry’s focus has largely been pulled to the DOE since January, when the Biden administration ordered the agency to study the impact of…
May 8, 2024Earnings
BP Playing Contrarian on Low Natural Gas Prices, as Haynesville Output ‘Hedged Out’ through 2024
BP plc will continue to pump out “prolific” natural gas volumes from the Haynesville Shale as hedges are in place pricing the supply at around $4.00/Mcf through this year, CEO Murray Auchincloss said Tuesday. Auchincloss discussed first quarter performance during a conference call. He was asked why domestic gas volumes continue to be high in…
May 8, 2024Markets
Natural Gas Futures Finding Further Upside Amid Low Production, Freeport Strength
Spurred on by dipping production figures amid springtime pipeline maintenance, natural gas futures continued to find upward momentum in early trading Wednesday. With bulls aiming to send prices higher for a fifth consecutive session, June Nymex futures were up 5.4 cents to $2.261/MMBtu at around 8:45 a.m. ET. Domestic production totaled 95.1 Bcf/d in early…
May 8, 2024Markets
Production Cuts Sustain Natural Gas Futures Rally; Pipeline Maintenance Hammers Waha Cash Prices
Natural gas futures on Tuesday notched a fourth-straight day of gains – albeit barely – on maintenance-induced reductions to already lower production activity. At A Glance: Production hits May low Weather forecasts mixed LNG steadies above 12 Bcf/d Coming off a cumulative gain of more than 25 cents over the prior three sessions, the June…
May 7, 2024Trending News
Earnings
