Decline

Natural Gas Forward Prices Plummet Despite ‘Resolutely Bullish’ Core Fundamentals

Natural Gas Forward Prices Plummet Despite ‘Resolutely Bullish’ Core Fundamentals

A balmy weather outlook that was seen potentially extending through the first third of December weighed heavily on natural gas market sentiment during the Nov. 12-18 period, sending forward prices crashing down by an average of 36.0 cents, according to NGI’s Forward Look. Similar to the prior week, the steepest losses occurred in Appalachia. However,…

November 20, 2020
North America’s Associated Natural Gas Recovery Not Seen Before 2022

North America’s Associated Natural Gas Recovery Not Seen Before 2022

Covid-19 has upended oil and gas markets across the globe, but North America is expected to account for roughly half of the decline in global associated natural gas output this year, with a slow recovery not forecast until 2022. According to projections by Rystad Energy, led by researcher Carlos Torres Diaz, head of Gas &…

June 24, 2020
Optimism Waning for Steady LNG Demand Recovery, Poten Says

Optimism Waning for Steady LNG Demand Recovery, Poten Says

The chances for a sustained recovery in global natural gas demand are being threatened by economies that have been slow to start back up as countries inch out of lockdown and face a resurgence of Covid-19 cases in some parts of the world, according to shipbroker Poten & Partners. Industrial demand remains weak in key…

June 24, 2020
Low U.S. LNG Export Capacity Utilization Seen Continuing Through August

Low U.S. LNG Export Capacity Utilization Seen Continuing Through August

After soaring to record levels in March, natural gas deliveries to U.S. export facilities plummeted by more than half only two months later as Covid-19 amplified demand destruction resulting from a mild winter, according to the Energy Information Administration (EIA). The EIA said feed gas deliveries to liquefied natural gas (LNG) production terminals fell to…

June 23, 2020
LNG Recap: U.S. Feed Gas Deliveries Rebound, but More Cargo Cancellations Likely

LNG Recap: U.S. Feed Gas Deliveries Rebound, but More Cargo Cancellations Likely

Feed gas deliveries to U.S. liquefied natural gas (LNG) export terminals finally jumped back up on Monday after sitting below 4 Bcf/d for nearly two weeks. For the evening cycle for Monday’s gas day, Genscape Inc. estimates showed a 550 MMcf day/day jump in feed gas demand to more than 4 Bcf/d overall.  “Most notably,…

June 22, 2020
Lower 48 Fracking Operations Reportedly to Hit Low Point in April, with Permian Taking Biggest Hit

Lower 48 Fracking Operations Reportedly to Hit Low Point in April, with Permian Taking Biggest Hit

The historic slump in oil drilling is likely to result in the largest monthly decline in completions activity ever recorded in the United States, according to an analysis by Rystad Energy.

April 22, 2020
Rare Natural Gas Production Decrease From Key U.S. Unconventional Plays in March, Says EIA

Rare Natural Gas Production Decrease From Key U.S. Unconventional Plays in March, Says EIA

For the first time in three years, the Energy Information Administration (EIA) is predicting a month-to-month decline in total natural gas production from seven of the most prolific onshore U.S. unconventional plays in March, and oil production is expected to remain virtually flat.

February 19, 2020

Low Oil Prices Said Unlikely to Slow North America’s Onshore Growth in 2020

North America’s unconventional supply is expected to grow even with stagnant oil prices, according to Rystad Energy forecasts.

December 10, 2019
North Dakota’s Bakken Oil, Natural Gas Production Dip Viewed as Temporary

North Dakota’s Bakken Oil, Natural Gas Production Dip Viewed as Temporary

Bakken Shale oil and natural gas production declined in September but North Dakota’s top oil and gas regulator said Tuesday the numbers could reverse in the next report covering October.

November 21, 2019

‘Clear Evidence’ U.S. Oil Well Productivity Gains Maxing Out

Surging onshore oil production wrested from wells using unconventional drilling techniques may have reached its maximum level and could decline as producers deal with well interference and “rock quality deterioration.”

September 4, 2019
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