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June natural gas is expected to open 3 cents higher Thursday morning at $2.17 ahead of the release of government inventory figures that are expected to give analysts early clues as to the injection season ahead. Overnight oil markets soared.

June natural gas is expected to open 3 cents higher Thursday morning at $2.17 ahead of the release of government inventory figures that are expected to give analysts early clues as to the injection season ahead. Overnight oil markets soared.

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.

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.

Onshore drilling contractor Patterson-UTI Energy Inc. has to date stacked more than half of its pressure pumping horsepower, an estimated 1 million hp, and expects the fracturing unit to see a 20% further decline in activity during the second quarter, management said Thursday.

Onshore drilling contractor Patterson-UTI Energy Inc. has to date stacked more than half of its pressure pumping horsepower, an estimated 1 million hp, and expects the fracturing unit to see a 20% further decline in activity during the second quarter, management said Thursday.

A string of record-warm months continued in March, and the Northeast and other population centers can expect more unusually high temperatures in May, according to forecasters at the National Oceanic and Atmospheric Administration (NOAA).

A string of record-warm months continued in March, and the Northeast and other population centers can expect more unusually high temperatures in May, according to forecasters at the National Oceanic and Atmospheric Administration (NOAA).

May natural gas is set to open 3 cents higher Wednesday morning at $2.12 as expected lean near-term storage as well as strong technicals put the ball squarely in the bulls’ court. Overnight oil markets eased.