Falling

Traders Looking for Upward Momentum; June Adds 1.3 Cents

Natural gas futures closed slightly higher Tuesday as traders were content to remain on the sidelines and avoid the free-falling petroleum and equity markets. June natural gas futures rose 1.3 cents to $4.013 and July added a meager 0.4 cents to $4.133. June crude oil tumbled $3.45 to $82.74, and the Dow Jones Industrial Average spiraled lower 225 points to 10,926 largely on debt concerns in Greece.

May 5, 2010

All Points Bow to Mild Weather, Futures Weakness

A few points had held out with flat to mildly higher prices a day earlier, but all of the cash market was united in falling numbers Thursday as moderate spring weather and weak futures ganged up to depress physical prices.

April 9, 2010

All Points Bow to Mild Weather, Futures Weakness

A few points had held out with flat to mildly higher prices a day earlier, but all of the cash market was united in falling numbers Thursday as moderate spring weather and weak futures ganged up to depress physical prices.

April 9, 2010

Futures Prices Freeze Along with Eastern U.S.

After falling more than 22 cents over the last two regular sessions, the March natural gas futures contract and those that trade it appeared to take a rest on Wednesday despite the fact that a blizzard was battering much of the East with heavy snow totals and high winds.

February 11, 2010

Futures Prices Freeze Along with Eastern U.S.

After falling more than 22 cents over the last two regular sessions, the March natural gas futures contract and those that trade it appeared to take a rest on Wednesday despite the fact that a blizzard was battering much of the East with heavy snow totals and high winds.

February 11, 2010

Oilfield Service Operators Eye Recovery Later This Year

The last three months of 2009 proved to be treacherous for U.S.-based oilfield service operators, with Baker Hughes Inc.’s (BHI) profits falling 81%, Halliburton’s off 48% and Schlumberger Ltd.’s down 31%, but a recovery in pricing and services is likely to pick up later this year, executives said.

February 1, 2010

EIA Reports 2% Hike in Lower 48 Gas Output in October

After falling by more than 2% in September, Lower 48 natural gas production rose by nearly 2% in October as drilling in the Haynesville Shale region continued at a strong clip and activity in Wyoming picked up its pace, according to a report released by the Energy Information Administration (EIA) last Tuesday.

January 4, 2010

EIA Reports 2% Hike in Lower 48 Gas Output in October

After falling by more than 2% in September, Lower 48 natural gas production rose by nearly 2% to 62.94 Bcf/d in October as drilling in the Haynesville Shale region continued its strong pace and Wyoming picked up activity, according to a report released by the Energy Information Administration (EIA) Tuesday.

December 31, 2009

Northeast Spikes at Odds With Overall Soft Market

Huge spikes that often well exceeded a dollar at Northeast citygates were in sharp contrast to falling prices elsewhere Thursday. Although lows would continue to be around freezing or below at many locations Friday, including some in the South, a continuing moderation of overall heating load from previous levels combined with Wednesday’s retreat of 21.6 cents by January futures to generate losses at most points.

December 11, 2009

Bentek: ‘Rig Count’ Made Obsolete by Shale Era

In the unconventional gas resource era, falling rig counts no longer mean declining production, and the traditional rig count no longer tells the tale of where the industry and the market are going, according to Bentek Energy LLC.

November 2, 2009