The U.S. Energy Information Administration (EIA) reported an injection of 93 Bcf into natural gas storage for the week ending June 5, a print on par with expectations but that failed to impress. Nymex natural gas futures hovered in positive territory early Thursday but gave up early gains after the report.
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New York ISO Outlines Enhancements Needed Amid Call for Fossil Fuel Phase-Out
The New York Independent System Operator (NYISO) has outlined a series of market design and system planning enhancements designed to integrate renewable resources into its system.
June 11, 2020
Natural Gas Futures Climb as Summer Heat Intensifies
Natural gas futures rallied early Wednesday and held in positive territory throughout the trading day on forecasts for a relatively hot June and expectations that rising temperatures will drive seasonally robust energy demand to power air conditioners.
June 11, 2020
NGI The Weekly Gas Market Report
Recovering Permian Natural Gas Production Leads to Sharp Decline in Regional Forward Prices
With persistent concerns about global exports, cooler-leaning near-term forecasts sent natural gas forward prices down a few notches for the June 4-10 period, according to NGI’s Forward Look.
June 11, 2020
Williston Pure-Play Northern Oil Bolting On Acreage in Deal with WPX
Northern Oil and Gas Inc. has signed a definitive agreement with WPX Energy Inc. to build its Williston Basin portfolio with the $1.5 million cash purchase of about 320 acres.
June 11, 2020
Natural Gas-Rich Appalachia, Haynesville May Fill Shortfall from Permian Associated Output, Says IEA
Protracted low West Texas Intermediate (WTI) oil prices may lead exploration and production operators to look beyond the Permian Basin to make up for a shortfall in associated gas to service domestic demand and export needs, giving other Lower 48 areas a needed boost, the International Energy Agency (IEA) said Wednesday.
June 11, 2020
Covid-19 Claims Another Lower 48 Operator as Vista Proppants Seeks Chapter 11
Fracture sand provider Vista Proppants & Logistics LLC has filed for bankruptcy protection, citing financial pressures related to the coronavirus pandemic.
June 11, 2020
NGI The Weekly Gas Market Report
Mexico’s Cenagas Focuses on Southeast, Industrials in New Consulta Pública
Mexico’s Centro Nacional de Control del Gas Natural (Cenagas) has launched the Consulta Pública 2020 with a specific focus this year on the natural gas needs of the south and southeastern parts of the country and industrial users.
June 11, 2020
Soft LNG Outlook Weighs Further on Natural Gas Futures
Natural gas futures dipped into the red early Tuesday and remained there on demand concerns tied to mixed weather forecasts and diminished natural gas exports. The July Nymex contract settled at $1.767/MMBtu, down 2.2 cents day/day. August was down 2.9 cents to $1.863.
June 10, 2020
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