Eia

Front-month natural gas forwards finished higher at most Lower 48 hubs during the Nov. 8-15 trading period, though bearish price action farther along the strip suggested a market incrementally less convinced of winter upside, according to NGI’s Forward Look. Fixed prices at Henry Hub picked up 5.1 cents for December delivery to end the period…

Overall natural gas production from seven major U.S. onshore regions is expected to recede from November to December but remain robust at just under 100 Bcf/d, according to updated modeling published Monday by the U.S. Energy Information Administration (EIA). The agency’s latest monthly Drilling Productivity Report (DPR) projected combined December production of 99.638 Bcf/d from…

The United States expects to add 8.6 GW of natural gas-fired capacity to its power generation fleet in 2023 as demand for the fuel breaks records. So far this year, 10 natural gas-fired power plants totaling 6.8 GW have come online, according to the U.S. Energy Information Administration (EIA). Natural gas consumption in electricity generation…

Led by declines in the Haynesville Shale and Appalachian Basin, Lower 48 natural gas production, as represented by seven key onshore regions tracked by the U.S. Energy Information Administration (EIA), will fall by nearly 500 MMcf/d from October to November. EIA in its latest monthly Drilling Productivity Report (DPR), published Monday, modeled combined natural gas…

Primary energy use will increase globally through 2050 in all cases examined in updated projections from the U.S. Energy Information Administration (EIA), pointing to a rise in North American natural gas production and exports to help meet the growing demand. Meanwhile, greater adoption of non-fossil fuel-based energy resources such as nuclear and renewables will likely…

Natural gas-fired power plants are becoming increasingly efficient in the United States, according to a new analysis by the U.S. Energy Information Administration (EIA). The average utilization rate, or capacity factor, for the U.S. fleet of combined-cycle natural gas turbine (CCGT) plants has increased from 40% in 2008 to 57% in 2022, EIA noted. More…

Natural gas futures traded in a tight range of gains and losses to kick off the trading week, and the front month ultimately trended up slightly despite falling temperatures and waning weather-driven demand. At A Glance: Prompt month posts tiny gain Production above 100 Bcf/d NGI models 52 Bcf injection Coming off back-to-back modest gains…

Natural gas futures were higher on Monday after the weekend models showed hot weather returning to the Lower 48 following the Labor Day holiday. After soaring to a $2.695 intraday high, the September Nymex gas futures contract settled at $2.579/MMBtu, up 3.9 cents from Friday’s settlement. October futures edged up only eight-tenths of a cent…

Natural gas futures have fluctuated on either side of $2.700 for months now, but another decline on Wednesday moved the goalposts a bit further out of reach. The September Nymex contract fell 8.3 cents to settle at $2.477/MMBtu. Spot gas prices were mostly lower, but big gains out West ultimately sent NGI’s Spot Gas National…