Northeast Finally Gets In on Rising Price Action

Northeast citygates, after holding back from the overall advances posted in the rest of the cash market in the first two days of this week, handily led gains at nearly all other points Wednesday. The general price strength occurred despite severely cold weather not being predicted for Thursday outside northern sections of the Northeast and Rockies, the Upper Plains and much of Canada.

February 4, 2010

Northeast Falls While Overall Price Advance Slows

With a modest (but expected to be brief) respite from harsh cold creeping into the forecasts for some areas, price advances slowed considerably at most points Tuesday and the formerly ultra-strong Northeast market was in wide retreat, with a few citygates seeing dollar-plus losses.

January 6, 2010

September Rises 19.5 Cents Aided by Crude, Equities

September natural gas futures advanced smartly Thursday, helped by advances in equity markets and crude oil along with a government report showing that slightly less gas was injected into storage than anticipated. The September futures contract rose 19.5 cents to $3.743, and October gained 20.0 cents to $3.988.

July 31, 2009

Friday Trading Caps Weekly Sweep of Higher Prices

As a marketer had anticipated a day earlier, cash prices capped a week of solid advances Friday by recording increases throughout the market. A bit of extra chill was due in the Midwest and Rockies over the weekend, but otherwise forecasts remained about as benign for gas demand as they were earlier in the week. Industrial load’s weekend decline obviously had little impact.

May 11, 2009

Northeast Spikes Lead All-Points Price Surge

Triple-digit gains at Northeast citygates led strong advances across the board in the cash market Monday as a siege of cold weather was established in nearly all of the U.S. and Canada and threatened to grow even more severe later in the week.

January 15, 2008

Aftermarket Starts Strongly as Major Cold Snap Due

Triple-digit spikes at Northeast citygates led advances at nearly all points in last Friday’s trading for the first two days of January. The coldest and most widespread frigid weather of the winter season so far is expected to be in place in most of the U.S. and Canada as the new year begins.

January 2, 2008

Rockies See New Spikes in Mostly Higher Pricing

Losses of up to a dime at several scattered points, primarily in Appalachia and the Gulf Coast, kept price advances from running the board Monday. Predictions of above-normal temperatures this week in the eastern two-thirds of the U.S. and buzz about the possibility of a disturbance moving toward southern Florida from the Bahamas strengthening and getting into the Gulf of Mexico were the chief market boosters.

October 2, 2007

Herold: Gas Producers Shed Gulf Assets, Concentrate Efforts Onshore

With more technological advances to unlock emerging natural gas plays in the U.S. onshore, gas reserve additions continued to surpass oil reserve growth last year, with the top 50 U.S. producers increasing total gas reserves by 11.8% to 127.8 Tcf, according to a survey by energy analyst John S. Herold.

June 23, 2006

DOE Touts New Deep Drilling Technologies

Technological advances are critical to increase the deep-gas component of the domestic gas supply mix, and the Department of Energy (DOE) is touting four new technologies being developed by Honeywell as part of DOE’s Deep Trek research program. The new electronic drilling components are designed to enable effective finding and production of gas lying three to five miles below the earth’s surface.

May 31, 2006

February Daily Market Makes Strong Start

The February aftermarket got off to a strong beginning Tuesday with advances across the board. They were spurred largely by the screen’s huge run-up of nearly 90 cents the day before and to a lesser degree by modest growth in heating load.

February 1, 2006