Northeast Points Lead Broad Decline, Yet Futures Inch Higher

The cash market retreated on average by 6 cents Thursday as traders elected to do their deals ahead of the release of important government inventory figures. Eastern and Northeast points took the biggest hits as forecasters were calling for unseasonably cool weather to infiltrate the Midwest and Ohio Valley, while losses in California were limited as a heat wave was expected to stay through the weekend..

August 10, 2012

Devon Completes Fourth Tuscaloosa Marine Shale Well

Devon Energy recently completed its fourth horizontal well in the Tuscaloosa Marine Shale (TMS) and the initial production test figures show the strongest oil production results of the company’s TMS wells drilled to date” at 384 b/d, according to the Louisiana Department of Natural Resources (DNR).

July 16, 2012

Germany Releases Optimistic Shale Gas Estimate

Germany’s shale plays could hold trillions of cubic feet of natural gas, according to figures released last week by the Federal Institute for Geosciences and Natural Resources (BGR), a government geosciences authority.

July 5, 2012

Hollywood Filming Marcellus Shale Drama in Pennsylvania

Hollywood is preparing to bring Marcellus Shale oil and natural gas drilling to the big screen next winter and has started filming in Western Pennsylvania.

May 8, 2012

Marcellus Felt in EIA’s January Production Data

Lower 48 gas production in January climbed half a percent or 0.36 Bcf/d, to a record 72.85 Bcf/d, mainly thanks to production gains in states in the Energy Information Administration’s (EIA) “other states” category, which included drilling activity in the Marcellus Shale.

March 30, 2012

Futures, Cash Narrowly Mixed Ahead of EIA Storage Data

Natural gas futures gained ground ahead of weekly government storage figures Wednesday, but cash market participants saw prices ease by mostly less than a dime, ecept for a few Northeast points which dropped by less than 15 cents. At the close of futures trading March rose 1.7 cents to $2.643 and April added 0.2 cent to $2.775. April crude oil gained 3 cents to $106.28/bbl.

February 23, 2012

Producers Hunker Down; Futures Penetrate Long-Term Support

February natural gas continued lower Thursday following the release of government inventory figures confirming traders’ estimates of an ever-growing surplus. The front-month contract broke below the $2.409 long-term support level from September 2009.

January 20, 2012

NatGas Futures Trading Cheaper than Coal for First Time Ever

February natural gas settled at a new 10-year low Wednesday as traders hinted that Thursday’s release of Energy Information Administration (EIA) inventory figures would likely prompt further declines even if the data was bullish relative to expectations.

January 19, 2012

Traders Jockey for Position Ahead of Storage Stats; February Gains

February natural gas futures rose Wednesday as traders covered short positions ahead of the release of government inventory figures. At the close February had risen 10.3 cents to $3.096 and March had gained 10.5 cents to $3.127. February crude oil rose by 26 cents to $103.22/bbl.

January 5, 2012

Tuesday Trading Seen as Pivotal; February Falls After Storage

Thursday’s price driver was the release of government inventory figures that came in only slightly bearish but were sufficient to send February futures nearly a dime lower.

December 30, 2011