February

February natural gas is set to open at $3.46, a stout 26 cents lower, Tuesday morning as weather models show a generally warmer outlook. Overnight oil markets surged.

February natural gas is set to open 7 cents lower at $2.33 Tuesday morning as traders see little in the way of market-moving cold on the horizon. Overnight oil markets rose.

February natural gas is set to open 3 cents higher Friday morning at $2.41as weather forecasts calling for a return of El Nino-like warmth for the last half of January become less certain. Overnight oil markets rose.

Domestic dry gas production in February was 74.2 Bcf/d (2,077 Bcf), a 6.7 Bcf/d increase compared with February 2014 and a 600 MMcf/d increase compared with January, according to the Energy Information Administration.

Domestic dry gas production in February was 74.2 Bcf/d (2,077 Bcf), a 6.7 Bcf/d increase compared with February 2014 and a 600 MMcf/d increase compared with January, according to the Energy Information Administration (EIA).

Texas drilling permit activity in March fell to less than half the level of one year ago while operators reported 48% fewer oil well completions and…

Texas drilling permit activity in March fell to less than half the level of one year ago while operators reported 48% fewer oil well completions and 12% more natural gas well completions compared to March 2014, according to the Railroad Commission of Texas (RRC).

Basic Energy Services Inc. reduced its U.S. onshore stimulation services prices by 25-30% in February, 10% higher than concessions it already had made early this year, CEO Roe Patterson said Friday. The workforce is down by 14% since November and 1Q2015 revenue is forecast to be about 10% lower than previous guidance.

Reading, PA-based UGI Utilities Inc. set a February record last month as bitterly cold temperatures caused Pennsylvanians to run to their thermostats.