The expiring November natural gas futures contract is expected to open a penny higher Thursday morning at $2.74 as traders adjust their estimates of ending inventories to account for continued storage builds. Overnight oil markets rose.
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Articles from Decline
West Virginia Tax Collections Still Falling on Weak Oil/NatGas Prices
West Virginia tax collections continued falling through the first three months of the fiscal year in a trend that state officials again attributed to weak commodity prices, which have negatively impacted the oil and natural gas industry.
Paper: Domestic Gas Drilling Down 11% Without Tax Breaks to Industry
If Congress repealed three tax preferences for oil and natural gas producers, domestic gas drilling could decline by about 11%, depending on gas prices, and domestic gas prices could increase 7-10% by 2030, according to a paper published by the Council on Foreign Relations.
U.S. Onshore Completions Activity Forecast to Sharply Outpace Drilling
Rystad Energy is forecasting horizontal oil completion activity in the U.S. onshore will outpace drilling operations by 30% in the second half of 2016, resulting in a sharp contraction in the drilled but uncompleted (DUC) inventory by 800 wells.
Drop in Oil Prices Cripples OPEC’s Net Oil Export Revenues, EIA Finds
The collapse in crude oil prices has decimated net oil export revenues for the Organization of the Petroleum Exporting Countries (OPEC) over the last three years, and the decline is expected to continue into 2016, according to the U.S. Energy Information Administration (EIA).
Production Slowdown Out of Unconventional Plays to Continue Into July, EIA Says
The downward trend in natural gas and oil production that has plagued the nation’s seven largest unconventional plays since last autumn will continue next month, according to the Energy Information Administration (EIA).
NatGas Production From Big Seven Plays to Continue Lower in June, EIA Says
In what has become a familiar refrain, the Energy Information Administration (EIA) said Monday that natural gas and oil production from the nation’s seven largest unconventional plays is likely to decline next month compared with May figures.
NatGas Production From Big Seven Plays to Continue Lower in June, EIA Says
In what has become a familiar refrain, the Energy Information Administration (EIA) said Monday that natural gas and oil production from the nation’s seven largest unconventional plays is likely to decline next month compared with May figures.
Helmerich & Payne Keeping High-Tech Rigs Ready, but Expecting More Deterioration in U.S. Land
Contract driller Helmerich & Payne Inc. is keeping its fleet in top-notch shape for an eventual industry upturn, but management conceded on Monday that a return to business-as-usual is unlikely before the second half of the year.
Helmerich & Payne Keeping High-Tech Rigs Ready, but Expecting More Deterioration in U.S. Land
Contract driller Helmerich & Payne Inc. is keeping its fleet in top-notch shape for an eventual industry upturn, but management conceded on Monday that a return to business-as-usual is unlikely before the second half of the year.