Compared

With continuing weak demand and low prices, the downward trend on sales by natural gas marketers extended into its third year as 2016 began, according to NGI’s 1Q2016 Top North American Gas Marketers Ranking, but there may be light at the end of the tunnel.

Production of natural gas and its use in the United States were both up in the first month of 2016 compared with January 2015, but not at the same heady rates of increase the industry has become accustomed to, according to the Energy Information Administration (EIA).

Production of natural gas and its use in the United States were both up in the first month of 2016 compared with January 2015, but not at the same heady rates of increase the industry has become accustomed to, according to the Energy Information Administration (EIA).

Continuing a string of records, domestic dry gas production in January reached 2.30 Tcf (74.2 Bcf/d), the highest for any January since EIA began reporting such data in 1973 and the third straight January to set such a record, the Energy Information Administration (EIA) said.

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.

Kinder Morgan Inc. (KMI) Wednesday retrenched again in the face of weak commodity prices, cutting spending plans while it emphasizes self-funded growth through only the highest-return projects. A $1.15 billion impairment drove the fourth quarter to a net loss of $637 million compared with net profit of $126 million in the year-ago quarter.

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.

Total natural gas and oil production from seven of the nation’s largest unconventional plays will decline slightly next month compared with October, continuing a downward trend begun in April, according to the Energy Information Administration (EIA).