Catch

Cash Prices Follow Future’s Thursday Lead; July Steady

Physical natural gas prices on Friday played catch-up with Thursday’s futures collapse, and weekend and Monday gas at all but a handful of points scored double-digit losses averaging 16 cents.

June 10, 2013

Natural Gas Prices Drop on Mild Weather Forecast; Futures Slide Below $4

Natural gas cash prices overall for weekend and Monday delivery played catch-up with Thursday’s screen decline and dropped on average approximately 16 cents nationally. Volatile Northeast and eastern locations led the slide and double-digit declines were common.

June 3, 2013

Broad Weakness Tugs at Cash Prices, But Futures Shoot Higher

Physical gas prices for weekend and Monday delivery overall fell 12 cents Friday as cash market traders played catch-up with Thursday’s 14-cent futures losses.

May 20, 2013

Physical Prices Dive; Futures Hold Above $4

Spots cash prices played catch-up with the screen in Friday’s trading. The average overall loss was 34 cents, and all actively traded points endured declines in the 30-cent area. Traders see the highs for the year in place and see mounting fundamental pressure on prices in the spring and summer. At the close of futures trading, June had risen 1.6 cents to $4.041 and July also had gained 1.6 cents to $4.093. June crude oil, aided by a supportive employment report, gained $1.62 to $95.61/bbl.

May 6, 2013

New England, East Lead Broad Advance; Futures Hold Gains

The cash market Friday played catch-up to the 18-cent screen advances seen Thursday and added 16 cents on average for weekend and Monday gas. All points posted gains. Moderate Friday temperatures in the East and Northeast were forecast to give way to cooler readings and New England and East points led the charge higher. May was able to hold on to Thursday’s meteoric advance and added 0.7 cent to $4.408 and June gained 0.5 cent to $4.437. May crude oil gained 28 cents to $88.01/bbl.

April 22, 2013

It’s Drilling Time at Halcon Resources

Houston-based Halcon Resources Corp., which became a public company about a year ago, has been building acreage positions in several unconventional oil and gas plays and last year grew proved reserves to 108.8 million boe, an increase of 417% from the end of 2011.

March 4, 2013

Mild Temps Push Double-Digit Cash Declines; November Adds 8 Cents

Overall cash points fell on average by 10 cents Tuesday as the physical market played catch-up to Monday’s 16-cent drubbing of the spot futures. Eastern and Midwest points were particularly hard hit as mild temperatures also worked to limit loads. At the close of futures trading November had gained 8.3 cents to $3.535 and December had added 9.3 cents to $3.861. December crude oil continued its free-fall by losing $1.98 to $86.67/bbl.

October 24, 2012

S&P: Margins to Weaken for Fracking, Pressure Pumping Services

Drilling technologies have transformed the competitive landscape within the oil and gas industry and altered the traditional pricing relationship between crude oil and natural gas, but there’s still plenty of room for horizontal drilling and hydraulic fracturing (fracking) services to grow, according to Standard & Poor’s Ratings Services (S&P).

September 19, 2012

Short-Covering Meets Expanding Surplus; Futures Gain

Cash prices played catch-up with exuberant futures Friday as the market digested news of additional production and drilling cutbacks. Cash averages recorded double-digit gains at nearly every point across the country.

February 21, 2012

Stress-Corrosion Cracking Raises Concern in Canada

As a marathon hunt continues for cases of a Canadian pipeline plague, an additional effort aims to catch up with a U.S. method of easily and rapidly distributing hazard information.

September 19, 2011
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