December

Chatter Grows about E&P Pullback as Mild Early Winter Weather, Robust Natural Gas Storage Pressure Prices

Chatter Grows about E&P Pullback as Mild Early Winter Weather, Robust Natural Gas Storage Pressure Prices

A growing number of analysts have penciled in lower natural gas prices and more gas and oil production cuts for 2024 to remedy supply-demand imbalance, which worsened late in 2023 amid a mild start to winter and record production levels. The heating season only saw intermittent cold spells in November before December clocked in as…

January 4, 2024
December Natural Gas Futures Tumble As Record Production, Warm Early Winter Weigh

December Natural Gas Futures Tumble As Record Production, Warm Early Winter Weigh

Natural gas futures on Monday lost ground, succumbing to weaker fundamentals as production notched another all-time high and early winter warmth deflated demand. The December Nymex gas futures contract settled at $3.264/MMBtu, down 25.1 cents day/day. January fell 23.1 cents to $3.564.  At A Glance: Front month sheds 25.1 cents day/day Production approaches 105 Bcf/d…

November 6, 2023
December Natural Gas Futures Debut with Thud Amid ‘Overbought’ Conditions; Spot Prices Surge

December Natural Gas Futures Debut with Thud Amid ‘Overbought’ Conditions; Spot Prices Surge

The December natural gas futures contract opened its front-month campaign with a whimper, hampered by warming trends in weather forecasts, profit-taking and expectations for one more stout storage increase. At A Glance: Futures shed 13.1 cents Forecasts trend warmer NGI models 82 Bcf build Coming off solid gains over the course of the prior week,…

October 30, 2023
December Natural Gas Futures Prices Falter on Expiration; Cash Cascades

December Natural Gas Futures Prices Falter on Expiration; Cash Cascades

Natural gas futures on Monday floundered following forecasts for milder weather and estimates of strong production to start the week, continuing a slump as the December contract traded into expiration. At A Glance: Weather demand fades in outlook Analysts expect second storage pull Rail strike lurks for natural gas bulls After falling in Friday’s session,…

November 28, 2022
Natural Gas Futures, Spot Prices Fly on Freeport Clarity, December Cold, Threat of Railroad Strike

Natural Gas Futures, Spot Prices Fly on Freeport Clarity, December Cold, Threat of Railroad Strike

Natural gas futures found fresh footing on Monday, as traders mulled an updated relaunch timeline for a major export facility, railroad union members considered a strike, and forecasts pointed to another round of wintry weather in early December. At A Glance: LNG facility aims for December return Demand could intensify next month Analysts expect large…

November 21, 2022
December Natural Gas Futures Prices Rally on Colder Weather Outlook, Short Covering

December Natural Gas Futures Prices Rally on Colder Weather Outlook, Short Covering

Colder shifts in weather forecasts for mid-November outweighed the potential for increased storage injections, propelling natural gas futures on Monday. At A Glance: Prompt month jumps 67 cents Cash prices recover in West Texas Analysts expect stout storage injection After losing ground to close out last week, the December Nymex gas futures contract climbed 67.1…

October 31, 2022
Big Seven U.S. Unconventional Plays to Increase Production Less Than 1% in December, Says EIA

Big Seven U.S. Unconventional Plays to Increase Production Less Than 1% in December, Says EIA

Production of both oil and natural gas out of the most prolific U.S. onshore unconventional plays will increase slightly in December compared with this month, continuing a longstanding upward trend, according to the Energy Information Administration (EIA).

November 19, 2019

U.S. Drilling Permitting Finishes Strong, but Slow Start in New Year

Permits to drill in the U.S. onshore hit their second highest level for 2018 in December at 5,647, behind only November, Evercore ISI said Tuesday.

January 8, 2019
Big Seven NatGas, Oil Production Increases Expected Again in January, EIA Says

Big Seven NatGas, Oil Production Increases Expected Again in January, EIA Says

Production of natural gas and oil from the nation’s seven most prolific onshore unconventional plays, which has been on the upswing throughout 2017, is expected to increase again in the first month of 2018 compared with December, according to the Energy Information Administration (EIA).

December 18, 2017

Long-Range Cold Risks Seen; January NatGas Called Higher

January natural gas was set to open about 4 cents higher at around $2.815 Monday, as forecasters were pointing to some potential cold risks in the long-range weather outlook.

December 11, 2017
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