Cold

Natural gas futures surged on Wednesday, extending the first lengthy rally of 2022 to four straight days as forecasts for bitter cold temperatures and lofty heating demand intensified. The February Nymex gas futures contract soared 60.8 cents day/day and settled at $4.857. March jumped 35.9 cents to $4.327. At A Glance: ‘Strongest demand’ of winter…

U.S. liquefied natural gas (LNG) export terminals were struggling to bounce back Tuesday after feed gas deliveries in recent days plummeted to their lowest point since the fall amid a historic cold snap gripping much of the country that’s created unprecedented energy demand. Deliveries to the terminals via interstate pipelines fell to 5.45 Bcf Monday,…

Bitterly cold temperatures blanketed the Lower 48, and the deep freeze threatened to curb output throughout most of the country’s production basins. Long-held storage surpluses have quickly eroded and export demand continues to fire on all cylinders. It was, by all considerations, the perfect storm to send natural gas futures rocketing sharply higher. And yet,…

With bone-chilling weather finally arriving in the Lower 48, the resulting surge in natural gas demand fueled massive gains across U.S. natural gas forward markets.  The February natural gas contract rolled off the board Wednesday at an average 22.0 cents higher than where it started the Jan. 21-27 period. The incoming prompt-month March contract jumped…

As Arctic cold settled in Wednesday across a wide swath of the country, from the Midwest to the Northeast, producers and midstream companies in the Appalachian and Williston basins were busy trying to fight the effects of record-setting temperatures on their operations and crews.

Antero Resources Corp. said Wednesday that this year’s completion schedule, a pipeline rupture in Ohio and last month’s extreme cold are likely to combine in holding its first quarter production flat with 4Q2017 volumes of 2.347 Bcfe/d.

March natural gas was set to open Monday about 5 cents lower at around $2.794, as weather guidance over the weekend failed to offer anything to excite the bulls in terms of prospective heating demand.

March natural gas was set to open Tuesday about 7 cents higher at around $3.239, with forecasters still pointing to cold risks looking ahead to the middle of February.

February natural gas was set to open Tuesday about 14 cents lower at around $3.055, retreating off a surge late last week following a record storage withdrawal.