December

The Railroad Commission of Texas (RRC) issued 727 original drilling permits in December 2015 compared to 1,506 in December 2014. Well completions are also down sharply.

December natural gas is set to open a penny lower Monday morning at $2.14 after trading down to $2.05 overnight as forecasters note a return of milder weather by mid-December. Overnight oil markets were mixed.

December natural gas is set to open 4 cents higher Friday morning at $2.30 as traders anticipate a leaner storage injection in government figures yet still see a soft market landscape. Overnight oil markets fell.

December natural gas is expected to open a penny higher Tuesday morning at $2.31 as traders factor in only nominal expected occurrences of colder temperatures and traders look for a spot to initiate short positions. Overnight oil markets were mixed.

December natural gas is set to open 4 cents lower Monday morning at $2.33 as traders ignore any seasonal cooling tendencies and concentrate on weather forecasts still, on balance, void of any pervasive cold. Overnight oil markets rose.

After three weeks of bullish misses on storage, natural gas forwards markets finally saw a bump in prices that lifted most markets by less than five cents, according to NGI’s Forward Lookdata from Oct. 30-Nov. 5.

December natural gas is expected to open 6 cents higher Thursday morning as traders put the final touches on their estimates of storage at the traditional end of the injection season. Overnight oil markets were mixed.

December natural gas is expected to open 7 cents lower Friday morning at $2.19 as the technical picture continues to deteriorate and winter cold has yet to appear in forecasts. Overnight oil markets rose.

December natural gas is expected to open 3 cents higher Thursday morning at $2.33 as traders anticipate government storage figures to show an increase less than historical averages and near-term warmth appears largely baked into the market. Overnight oil markets fell.