Appalachia

April Natural Gas Futures Extend Losses After Storage Build; Cash Prices Unfazed by Weather

April Natural Gas Futures Extend Losses After Storage Build; Cash Prices Unfazed by Weather

Natural gas futures lost ground Thursday following the release of U.S. Energy Information Administration (EIA) storage data, which outlined a small injection into inventories for the week ended March 15. At A Glance: Futures end 1.6 cents lower EIA reports 7 Bcf build Cash thwarts weather April Nymex natural gas futures settled at $1.683/MMBtu, down…

March 21, 2024
EQT’s Rice Touts Natural Gas ‘Competitive Advantage’ in $5B-Plus Recombination Deal with Equitrans

EQT’s Rice Touts Natural Gas ‘Competitive Advantage’ in $5B-Plus Recombination Deal with Equitrans

EQT Corp., the largest natural gas producer in the United States, agreed Monday to buy former entity Equitrans Midstream Corp., bringing back together Appalachian-based giants in what executives said was a game-changing opportunity. The all-stock transaction, estimated Monday at around $5.5 billion, would hold 27.6 Tcfe of proved reserves across nearly two million net acres.…

March 11, 2024
Meek Winter Demand Sees Natural Gas Forward Prices Continue to Deteriorate

Meek Winter Demand Sees Natural Gas Forward Prices Continue to Deteriorate

Exceptional warmth near-term and an enduring supply buffer kept the pressure on regional natural gas forward prices during the Feb. 1-7 trading period, according to NGI’s Forward Look. March fixed prices at benchmark Henry Hub dropped 13.6 cents to end at $1.976/MMBtu, setting the pace for coast-to-coast discounts at the front of the curve.  With…

February 9, 2024
January Natural Gas Sinks Ahead of Wednesday Expiration, February Down on Bearish Fundamentals

January Natural Gas Sinks Ahead of Wednesday Expiration, February Down on Bearish Fundamentals

January Nymex natural gas futures tumbled in thin volume trade Tuesday, coming off the extended Christmas holiday weekend and ahead of the contract’s expiration at the close of business Wednesday. The more heavily traded February contract also stumbled as traders positioned in preparation for its move into the lead position. At A Glance: January futures…

December 26, 2023
Natural Gas Forwards Mixed as Market Left Waiting for Signs of Early Winter Cold

Natural Gas Forwards Mixed as Market Left Waiting for Signs of Early Winter Cold

A mixed week of natural gas forwards price action brought strengthening in the south central Lower 48, countered by shoulder season moderation for the Northeast and out West, an analysis of NGI’s Forward Look data for the Sept. 14-20 trading period shows. With nary a hint of intimidating early season cold, at least for now,…

September 21, 2023
Equitrans Finds Corrosion Caused Pennsylvania Natural Gas Storage Well Leak

Equitrans Finds Corrosion Caused Pennsylvania Natural Gas Storage Well Leak

Equitrans Midstream Corp. said corrosion was to blame for a natural gas storage well in Southwest Pennsylvania that leaked over 1 Bcf of natural gas into the atmosphere for more than 10 days last November. Corrosion on the outside diameter of the top joint of the well and debris between its outer and inner casings…

August 28, 2023
More Natural Gas Production Needed to Meet Next Wave of LNG Growth, Southwestern CEO Says

More Natural Gas Production Needed to Meet Next Wave of LNG Growth, Southwestern CEO Says

Southwestern Energy Co. said a combination of activity cuts, moderating inflation and operational efficiencies would cut its full-year capital spending by $200 million as it continues to navigate a volatile commodity landscape. The company now expects capital investment to be $2.0-2.3 billion this year, with full-year production of 1.65-1.70 Tcfe, or about 1% below the…

August 7, 2023
Natural Gas Forward Prices Post Modest Gains as Market Seeks Fresh Direction

Natural Gas Forward Prices Post Modest Gains as Market Seeks Fresh Direction

Natural gas forward prices were mostly higher for the July 6-12 period as a drop in production and sweltering summer heat drove larger-than-normal gains in Appalachia and the Southeast, according to NGI’s Forward Look. August forward prices climbed an average of 4.0 cents through the period, Forward Look data showed. The balance of summer (August-October)…

July 14, 2023
Kodiak Prepares IPO as Lower 48 Natural Gas Production Forecast to Increase

Kodiak Prepares IPO as Lower 48 Natural Gas Production Forecast to Increase

Lower 48-focused Kodiak Gas Services LLC, the largest privately owned natural gas contract compression company in the country, is preparing to go public with an offering that could fetch a valuation of nearly $1.7 billion. Based in Montgomery, TX, about 50 miles northeast of Houston, Kodiak is proposing to sell 16 million shares through an…

June 26, 2023
Domestic Natural Gas Output to Inch Higher in July, Averaging 97.34 Bcf/d, Says EIA

Domestic Natural Gas Output to Inch Higher in July, Averaging 97.34 Bcf/d, Says EIA

Natural gas production from the Lower 48’s top seven basins is expected to climb ever so slightly in July to about 97.34 Bcf/d, about 84 MMcf/d higher than in June, according to the U.S. Energy Information Administration (EIA). The Drilling Productivity Report (DPR) provides month/month natural gas and oil production forecasts for the Anadarko, Appalachia…

June 12, 2023
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