Averaged

Northeast And Southwest Advance, But Midwest Softens; Futures Drop

On balance the cash market averaged out to the loss side of the trading ledger Monday, but double-digit strength was noted at northeastern points, and deliveries into southern California points also registered gains. Futures markets headed south as revised weather forecasts called for an extended period of warmth throughout the eastern two-thirds of the country. At the end of futures trading April had fallen 12.9 cents to $2.355 and May had slid 12.8 cents to $2.472. April crude oil added two cents to $106.72/bbl.

March 6, 2012

North America Onshore Rig Count Flat in 2012, Says Schlumberger

North America’s land rig count is expected to be flat this year, with natural gas-directed drilling on the decline while liquids and oil drilling will strengthen, Schlumberger Ltd.’s CEO said Friday.

January 23, 2012

Northeast Quotes Peak at $13 in Overall Mixed Pricing

Transco Zone 6’s New York pool topped out at $13 and averaged nearly $12 Friday amid mixed price movement in most regions as traders kept in mind that the Sunday-through-Tuesday flows covered by their deals would be accompanied by the advent of frigid weather in much of the East. Several other Northeast points had peak quotes of $10 or more.

January 3, 2012

EIA: Power Generation Drove 3Q Gas Demand

Natural gas producers can thank the hot summer for helping to burn up a large portion of the country’s growing gas production during the third quarter, according to the latest Energy Information Administration (EIA) Short-Term Energy Outlook, released Wednesday.

October 13, 2011

NEB: Canadian Exports to U.S. to Drop Dramatically

Canadian production will continue shrinking over the next three years while the use of natural gas in oilsands production grows, resulting in a dramatic drop in exports to the United States to as little as 2.8 Bcf/d, according to a new forecast by the National Energy Board (NEB).

May 16, 2011

Canadian Exports to U.S. to Drop Dramatically, Says NEB

Canadian production will continue shrinking over the next three years while the use of natural gas in oilsands production grows, resulting in a dramatic drop in exports to the United States to as little as 2.8 Bcf/d, according to a new forecast by the National Energy Board (NEB).

May 16, 2011

EIA: Consumption, Prices to Increase in 2012

The Henry Hub spot price averaged $3.97/MMBtu in March, 12 cents below the average spot price in February, and it is likely to average $4.10/MMBtu in 2011, a decrease of 29 cents from the 2010 average, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for April.

April 18, 2011

EIA: Consumption, Prices to Increase in 2012

The Henry Hub spot price averaged $3.97/MMBtu in March, 12 cents below the average spot price in February, and it is likely to average $4.10/MMBtu in 2011, a decrease of 29 cents from the 2010 average, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for April.

April 13, 2011

EIA: Recent Price Decline to Stick in 2011

The Henry Hub spot price averaged $4.09/MMBtu in February, 40 cents below the average spot price in January, and it is likely to average $4.10/MMBtu in 2011, a decrease of 29 cents from the 2010 average, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for March.

March 14, 2011

EIA: Recent Price Decline to Stick in 2011

The Henry Hub spot price averaged $4.09/MMBtu in February, 40 cents below the average spot price in January, and it is likely to average $4.10/MMBtu in 2011, a decrease of 29 cents from the 2010 average, the Energy Information Administration (EIA) said in its Short-Term Energy Outlook for March.

March 9, 2011