April natural gas is set to open 3 cents lower Wednesday morning at $4.38 as traders discount a somewhat cooler, though mixed weather outlook. Overnight oil markets rose.
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Largest NatGas Marketers Lead Trading Decline in 4Q and Full Year 2013
Natural gas marketers continued to report significant declines in sales in the last three months of 2013 compared with 4Q2012, and the top three marketers — BP plc, Shell Energy NA and ConocoPhillips — were among those with the largest declines, according to NGI’s 4Q2013 Top North American Gas Marketers Ranking.
End-of-March NatGas Inventory to Fall Below 1 Tcf, EIA Predicts
Weather from October to February east of the Rocky Mountains was significantly colder than last winter — and colder than the average for the past 10 years — and the resulting surge in natural gas consumption will drive working inventories at the end of March down to 965 Bcf, according to the Energy Information Administration (EIA). But don’t expect higher natural gas prices, the agency said.
Marcellus Production Continues to Drive Midstream Investments
In Pennsylvania lines of tubing, trucks, overturned dirt and newly-dug deep trenches along rural stretches of land are a common sight and one that’s expected to continue as the midstream buildout to carry natural gas away from Marcellus production sites is far from over.
Bulls Ready to Strike; March Seen 11 Cents Higher
March natural gas is expected to open 11 cents higher Tuesday morning at $4.69 as traders mull expanding storage deficits at the expense of moderating weather forecasts. Overnight oil markets rose.
Seasonal, Regional Price Impact from Marcellus Spreading to Western Canada, Says Raymond James
A seismic shift in the Northeast natural gas market likely will lead to substantial and broad-based seasonal price differentials all the way to Western Canada, Raymond James Inc. analysts said Monday.
Eastern Cold In Play; February Called 4 Cents Higher
February natural gas is set to open 4 cents higher Tuesday morning at $4.37 as traders assess oncoming cold in pivotal eastern markets and factor in a greater cold event than earlier expected. Overnight oil markets rose.
Oregon LNG Requests Canada Export License
A second U.S. export terminal project on the Pacific Coast is reaching north to Canada for shale production to turn into Asia-bound tanker cargoes of liquefied natural gas (LNG).
Production from Shale Plays Will Continue Edging Higher in February, EIA Says
Natural gas and oil production from wells in six domestic shale plays/basins will continue to edge higher in February, buoyed in large part by the Marcellus, Eagle Ford and Bakken, according to estimates released Tuesday by the Energy Information Administration (EIA).
Midstreamers Trying to Keep Pace With Marcellus, Utica Production
Midstream companies are adding infrastructure and working to give producers options in the Marcellus and Utica shales, but some are concerned that construction isn’t keeping pace with production, a scenario that could lead to the bottom falling out on natural gas prices, something already seen.