Bcf/D

Total natural gas and oil production from the nation’s seven largest unconventional plays will continue to decline at least through next month, the Energy Information Administration (EIA) said.

Because natural gas withdrawals from storage have picked up with January’s colder temperatures and U.S. production tailed off a bit in November, the Energy Information Administration (EIA) said Tuesday it has decided to leave its price forecasts for the next two years almost unchanged: $2.64/MMBtu this year and $3.22/MMBtu next year.

U.S. natural gas production continued to break new ground late in 2015 thanks to unconventional shale development, as the Energy Information Administration (EIA) said total dry gas production in November reached its highest level for the month since reporting began in 1973.

Canada will continue to grow as an international oil and natural gas supplier during the next 25 years, the National Energy Board (NEB) said Wednesday.

February natural gas is expected to open 4 cents higher Wednesday morning at $2.30 as traders factor in falling production and weather forecasts that at least in the near term indicate cold over the East and Midwest. Overnight oil markets rose.

The economic impacts of increased U.S. liquefied natural gas (LNG) exports would be “marginally positive,” according to a study released Monday by the U.S. Department of Energy (DOE).

More than three-quarters of the companies participating in NGI’s 3Q2015 Top North American Gas Marketers Ranking, including heavyweights like BP plc, Shell Energy NA and ConocoPhillips, reported lower sales transaction numbers in the third quarter than they did in the same period last year, as they continue to wait for depressed commodities prices to right themselves.

More than three-quarters of the companies participating in NGI’s 3Q2015 Top North American Gas Marketers Ranking, including heavyweights like BP plc, Shell Energy NA and ConocoPhillips, reported lower sales transaction numbers in the third quarter than they did in the same period last year, as they continue to wait for depressed commodities prices to right themselves.

The value of international trade in natural gas fell at every pipeline border crossing in North America on deliveries in all directions among Canada, the United States and Mexico in the first half of this year, said the U.S. Department of Energy (DOE).