Patterson-UTI Energy Inc. (PTEN), one of North America’s largest onshore contract drilling and pressure pumping operators, said Tuesday it had, on average, 82 U.S. rigs and one Canadian rig working during December, compared with a year ago when 208 domestic and nine Canadian rigs were in operation.
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Articles from Average
Despite Cold, NatGas Supplies Still Plump; February Called 4 Cents Lower
February natural gas is set to open 4 cents lower Wednesday morning at $2.33 as traders consolidate positions following two days of double-digit advances and also assess the longer-term supply outlook. Overnight oil markets retreated.
December 30, 2015
Bulls Get A Break as Forecasts Inch Cooler; January Called A Nickel Higher
January natural gas is set to open 5 cents higher Thursday morning at $1.84 as the seemingly never-ending string of successive warmer forecasts was broken. Heating requirements were seen slightly higher. Overnight oil markets were mixed.
December 17, 2015
Weather Seen Somewhat Cooler; January Called Flat
January natural gas is expected to open unchanged Thursday morning at $2.06 ahead of a government storage report that is expected to show gas usage right at long-term norms. Overnight oil markets were mixed.
December 10, 2015
NGI The Weekly Gas Market Report
No Bottom in Sight: Henry Hub to Average $2.88/MMBtu in 2016, EIA Says
Natural gas prices, which have sagged for some time, will continue their anemic performance into next year, according to the Energy Information Administration (EIA), which expects bloated storage and a relatively mild winter to negate hopes for an early uptick.
December 8, 2015
EIA’s 2016 NatGas Price Forecast Tumbles Yet Again: $2.88/MMBtu
Natural gas prices, which have sagged for some time, will continue their anemic performance into next year, according to the Energy Information Administration (EIA), which expects bloated storage and a relatively mild winter to negate hopes for an early uptick.
December 8, 2015
UGI Again Cuts PA Customer Rates as Marcellus Supplies Increase
UGI Corp.’s natural gas utilities in Pennsylvania each announced this week decreases in their purchased gas cost rates that are expected to cut the average residential heating customer’s current bill by as much as 11.4%.
December 3, 2015
Price ‘Fireworks’ Expected; December Called 4 Cents Higher
December natural gas is set to open 4 cents higher Friday morning at $2.30 as traders anticipate a leaner storage injection in government figures yet still see a soft market landscape. Overnight oil markets fell.
November 13, 2015
Forecasts Warm Again, But December Called 2 Cents Higher
December natural gas is expected to open 2 cents high Tuesday morning at $2.28 as prices stabilize and traders discount still-moderating temperature outlooks. Overnight oil markets rose.
November 3, 2015
Record Storage In Sight, Yet December Called 3 Cents Higher
December natural gas is expected to open 3 cents higher Thursday morning at $2.33 as traders anticipate government storage figures to show an increase less than historical averages and near-term warmth appears largely baked into the market. Overnight oil markets fell.
October 29, 2015
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