April

Production of natural gas and its use in the United States both climbed during the first four months of 2015, according to the Energy Information Administration.

Texas oil and gas production has been trending downward, according to Railroad Commission of Texas (RRC) data; meanwhile, permitting and completions activity are both off from year-ago levels.

Texas oil and gas production has been trending downward, according to Railroad Commission of Texas (RRC) data; meanwhile, permitting and completions activity are both off from year-ago levels.

Basic Energy Services Inc., which provides well site services in more than 100 service points across Texas, the Midcontinent, Rockies and Appalachia, expects second quarter revenues to drop sequentially by as much as 24%, which it is blaming on stormy weather and continuing declines in the onshore drilling market.

Basic Energy Services Inc., which provides well site services in more than 100 service points across Texas, the Midcontinent, Rockies and Appalachia, expects…

Traders in the natural gas forward market eyeing May, June and the remainder of the summer strip don’t seem to be expecting much in the way of surprises. Some obvious considerations seem to be the degree to which reductions in industry capital expenditures will reduce production, the usual hurricane forecasts and the weather in general.

Traders in the natural gas forward market eyeing May, June and the remainder of the summer strip don’t seem to be expecting much in the way of surprises. Some obvious considerations seem to be the degree to which reductions in industry capital expenditures will reduce production, the usual hurricane forecasts and the weather in general.

May natural gas is set to open flat Thursday morning at $2.61 as traders focus on what may be a surprise inventory report but nonetheless showing storage increases well above historical norms. Overnight oil markets fell.

April natural gas is expected to open a penny lower Wednesday morning at $2.78 as traders factor in a slight warming trend and recalculate storage. Overnight oil markets rose.