Cash natural gas fell 11 cents overall on average Wednesday as the screen continued weak and there was no hint that winter weather would be enough to make a significant dent in storage. Northeast points were particularly hard hit but the Midcontinent and East weakened as well. At the close of trading January futures had fallen3.0 cents to $3.382 and February had dropped 2.9 cents to $3.412. January crude oil added 98 cents to $86.77/bbl.
Continued
Articles from Continued
Reserves Growth from ‘Good, Old-Fashioned Human Innovation’
The only things preventing a continued increase in North American natural gas and oil resources will be regulations and a lack of ingenuity, an ExxonMobil Corp. executive said last week in Houston.
November 19, 2012
Reserves Growth from ‘Good, Old-Fashioned Human Innovation’
The only things preventing a continued increase in North American natural gas and oil resources will be regulations and a lack of ingenuity, executives said Tuesday in Houston.
November 15, 2012
North Dakota Production Growth Slowed
The latest monthly totals for oil and natural gas production in North Dakota show continued growth in September, albeit at a slower pace than previous months, a report from the state Industrial Commission’s Department of Mineral Resources (DMR) showed Tuesday.
November 15, 2012
Wyoming Governor: Low Natural Gas Prices Hurting State
Continued low natural gas prices have further cut into Wyoming’s revenues that will require budget cuts of up to 8% in 2013, Wyoming Gov. Matt Mead said last week. Pointing to gas spot prices at Opal, he said prices may be overemphasized, but “the gas prices are not where we would like to see them, and it is affecting our budget.”
November 12, 2012
Wyoming Governor Says Low Natural Gas Prices Still Reducing Revenue
Continued low natural gas prices have further cut into Wyoming’s revenues that will require budget cuts of up to 8% in 2013, Wyoming Gov. Matt Mead said Wednesday.
November 8, 2012
Low Natural Gas Prices Prompt Wyoming Government Budget Cuts
Continued low prices for natural gas, which is the single largest source of revenue for Wyoming, have forced Gov. Matt Mead to ask state agencies to prepare budget cuts of up to 8%.
October 24, 2012
Ethane: Too Much, But for How Long?
U.S. Ethane presents a “wall of worry” to gas producers and processors (which fear margin collapse), pipelines (which fret over volumes) and consumers (which fear scarcity and high prices), an industry analyst said in Houston Monday. There is always something to worry about, but there’s always something on which to disagree, too.
September 28, 2012
Post-Isaac, GOM Production Slowly Returning
Oil and gas operators continued to report mostly minor damage as a result of Hurricane Isaac, and production in the Gulf of Mexico (GOM) was slowly returning to normal Thursday, the Bureau of Safety Environmental Enforcement (BSEE) said.
September 7, 2012
Market Bulls Unimpressed With Isaac; Sellers Win the Day
Both cash and futures markets continued to grind lower with the physical market retreating anywhere from 4 to 8 cents with an average overall loss of 6 cents. Eastern, Gulf and Midwest points all took losses.
August 29, 2012
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