April

Brief — Texas Production

Texas production during April as reported to the Railroad Commission of Texas (RRC) was 74.6 million bbl of crude oil and 617 Bcf of total natural gas from oil and gas wells. The preliminary figures will be updated as updated data is received. Production reported for the same period last year was 69.6 million bbl of crude oil on a preliminary basis, which was later updated to a current figure of 90.3 million bbl; and 587.2 Bcf of total gas, which was later updated to a current figure of 730.6 Bcf. Preliminary April crude oil production averaged 2.49 million b/d, compared to the 2.32 million b/d average of April 2015. Preliminary April total gas production averaged 20.6 Bcf/d, compared to the 19.6 Bcf/d average of April 2015. April production came from 185,299 oil wells and 93,334 gas wells. In the last 12 months, Texas reported production was 1.02 billion bbl of crude oil and 8.4 Tcf of total gas. Crude oil production does not include condensate.

June 27, 2016
Texas Again Leads Rig Declines, But Canada Sees Comeback

Texas Again Leads Rig Declines, But Canada Sees Comeback

In its survey for the week ending May 13, Baker Hughes Inc. said nine rigs left U.S. play (six from land, one from the inland waters and two from the offshore). That compares with the preceding week when only five U.S. units departed (see Daily GPI, May 6).

May 13, 2016
Texas Again Leads Rig Declines, But Canada Sees Comeback

Texas Again Leads Rig Declines, But Canada Sees Comeback

In its survey for the week ending May 13, Baker Hughes Inc. said nine rigs left U.S. play (six from land, one from the inland waters and two from the offshore). That compares with the preceding week when only five U.S. units departed (see Daily GPI, May 6).

May 13, 2016
NatGas Forwards Tumble On Storage, Weather; NE Rally Continues On More Bad News

NatGas Forwards Tumble On Storage, Weather; NE Rally Continues On More Bad News

The double-digit gains seen last week in natural gas forwards markets were just as quickly erased during the April 22-28 period as seemingly bearish storage news and mild weather sent June prices spiraling downward by an average 16 cents, according to NGI’s Forward Look.

April 29, 2016
NatGas Forwards Tumble On Storage, Weather; NE Rally Continues On More Bad News

NatGas Forwards Tumble On Storage, Weather; NE Rally Continues On More Bad News

The double-digit gains seen last week in natural gas forwards markets were just as quickly erased during the April 22-28 period as seemingly bearish storage news and mild weather sent June prices spiraling downward by an average 16 cents, according to NGI’s Forward Look.

April 29, 2016
NatGas Cash Up A Nickel, Northern Border Ventura Flounders; Futures Gain 4 Cents

NatGas Cash Up A Nickel, Northern Border Ventura Flounders; Futures Gain 4 Cents

Physical gas for Tuesday delivery gained ground Monday as a strong screen and firm pricing in the East, Gulf and Midwest were able to overcome softer pricing in the Midcontinent and California.

April 18, 2016
NatGas Cash Up A Nickel, Northern Border Ventura Flounders; Futures Gain 4 Cents

NatGas Cash Up A Nickel, Northern Border Ventura Flounders; Futures Gain 4 Cents

Physical gas for Tuesday delivery gained ground Monday as a strong screen and firm pricing in the East, Gulf and Midwest were able to overcome softer pricing in the Midcontinent and California.

April 18, 2016
NatGas Forwards Prices Rise on Slowing Production Potential, Winter Relapse

NatGas Forwards Prices Rise on Slowing Production Potential, Winter Relapse

A string of cold snaps, which could be the last of the season, and signs of slowing production kicked natural gas forwards up a few notches between April 1 and 7, NGI Forward Look data shows.

April 8, 2016
Cold Snaps, Signs of Slowing Production Bolster NatGas Forwards Prices

Cold Snaps, Signs of Slowing Production Bolster NatGas Forwards Prices

A string of cold snaps, which could be the last of the season, and signs of slowing production kicked natural gas forwards up a few notches between April 1 and 7, NGI Forward Lookdata shows.

April 8, 2016
NatGas Forwards Prices Rise on Slowing Production Potential, Winter Relapse

NatGas Forwards Prices Rise on Slowing Production Potential, Winter Relapse

A string of cold snaps, which could be the last of the season, and signs of slowing production kicked natural gas forwards up a few notches between April 1 and 7, NGI Forward Look data shows.

April 8, 2016