Buoyed

Buoyed by a 0.41 Bcf/d (1.9%) increase in Texas, natural gas production in the Lower 48 states reached 72.48 Bcf/d in April, a 0.8% increase compared with 71.92 Bcf/d in March and up a full 3.22 Bcf/d compared with April 2011, according to the Energy Information Administration’s (EIA) latest Monthly Natural Gas Gross Production report.

Buoyed by a 0.41 Bcf/d (1.9%) increase in Texas, natural gas production in the Lower 48 states reached 72.48 Bcf/d in April, a 0.8% increase compared with 71.92 Bcf/d in March and up a full 3.22 Bcf/d compared with April 2011, according to the Energy Information Administration’s (EIA) latest Monthly Natural Gas Gross Production report.

Buoyed by a new gas processing plant and 10 Marcellus Shale wells drilled in the first quarter, Rex Energy Corp. is increasing its capital budget by $26.7 million for the year to support increased drilling activities.

Buoyed by production gains in Louisiana, Texas and other states, Lower 48 natural gas output rose 1.1% in November — the latest month for which production figures are available — compared to October, the Energy Information Administration (EIA) reported.

Buoyed by production gains in Louisiana, Texas and other states, Lower 48 natural gas output rose 1.1% in November — the latest month for which production figures are available — compared to October, the Energy Information Administration (EIA) reported.

With the cold weather that had buoyed cash prices for most of the week due to get more severe, particularly in the East, toward the end of the weekend, the market was showing more weakness Friday than it had since last Tuesday, but flat to rising points still outnumbered falling ones by about two-to-one.

After working down toward $4 in early Thursday trading, June natural gas futures were temporarily buoyed after the Energy Information Administration (EIA) reported that 76 Bcf was injected into underground storage for the week ending May 14. The prompt-month contract finished the day at $4.106, down 5.2 cents from Wednesday’s regular session close.

U.S. receipt terminal operators may be buoyed by the Standard & Poor’s Ratings Services (S&P) announcement last Monday that it was giving an “A” credit rating to the expansion of liquefied natural gas (LNG) liquefaction facilities in Qatar, which could become an increasingly important supplier to the United States. S&P placed a “stable” outlook on the Qatari government and ExxonMobil joint venture developing LNG processing infrastructure, Ras Laffan LNG Co.

U.S. receipt terminal operators may be buoyed by the Standard & Poor’s Ratings Services (S&P) announcement Monday that it was giving an “A” credit rating to the expansion of liquefied natural gas (LNG) liquefaction facilities in Qatar, which could become an increasingly important supplier to the United States. S&P placed a “stable” outlook on the Qatari government and ExxonMobil joint venture developing LNG processing infrastructure, Ras Laffan LNG Co.