Freeze-Offs

Momentum Remains Elusive for April Natural Gas Futures, Cash Prices

Momentum Remains Elusive for April Natural Gas Futures, Cash Prices

Natural gas futures on Monday dropped further amid a diminished demand outlook, extending steady losses recorded over the first half of March. The April Nymex contract settled at $2.484/MMBtu, down 11.6 cents day/day. The prompt month has now lost ground eight of the past nine trading sessions. The May contract has declined in tandem. It…

March 15, 2021
Oklahoma Natural Gas Prices Hit Fresh $1,250/MMBtu High as Industry Struggles Continue Amid Record Cold

Oklahoma Natural Gas Prices Hit Fresh $1,250/MMBtu High as Industry Struggles Continue Amid Record Cold

Amid a seemingly never-ending wave of Arctic air that crippled infrastructure in the so-called energy capital of the world and across the country’s midsection, resulting in widespread power outages, natural gas prices continued to reach new heights in Oklahoma on Wednesday. Next-day gas prices soared into the thousands in the Sooner State, according to NGI…

February 17, 2021
Natural Gas Prices Hit Historic $999/MMBtu High as Unrivaled Cold Strains Supply, Fuels Record Demand

Natural Gas Prices Hit Historic $999/MMBtu High as Unrivaled Cold Strains Supply, Fuels Record Demand

Natural gas futures soared Tuesday following a historic Arctic freeze that crippled much of the nation’s natural gas infrastructure as demand soared to unprecedented levels. The March Nymex gas futures contract settled at $3.129/MMBtu, up 21.7 cents from Friday. April prices lagged a bit, climbing 10.7 cents to $2.983. Cash prices remained volatile after the…

February 16, 2021
Natural Gas Futures Take Back Seat to Cash as ‘Punishing’ Cold Drives Largest Increases ‘In Years’

Natural Gas Futures Take Back Seat to Cash as ‘Punishing’ Cold Drives Largest Increases ‘In Years’

Intraday natural gas price volatility was on full display midweek as traders assessed the impacts of a substantial, though likely temporary, decline in export demand and the potential for a more moderate end-of-February following some of the coldest weather in years. After tumbling to a $2.741/MMBtu intraday low, the March Nymex gas futures contract bounced…

February 10, 2021
Natural Gas Futures Languish Despite Extremely Frigid Outlook; Cash Retreats

Natural Gas Futures Languish Despite Extremely Frigid Outlook; Cash Retreats

Weather model volatility left natural gas traders flummoxed on Monday, with double-digit increases early in the session nearly erased by the close. With the frigid cold descending from Canada into the Lower 48 seen possibly continuing into March, though, the March Nymex gas futures contract settled 1.9 cents higher than Friday at $2.882. April edged…

February 8, 2021
Winter Chill Props Up NatGas Forwards to Finish 2015

Winter Chill Props Up NatGas Forwards to Finish 2015

Natural gas forwards were up by the double-digits for the period between Dec. 24 and 30 as more sustained cold weather finally arrived, dropping temperatures, bolstering demand and causing freeze-offs in parts of the country.

January 4, 2016
NatGas Forwards Find Support In Steady Flow of Cold Blasts

NatGas Forwards Find Support In Steady Flow of Cold Blasts

Natural gas forwards were up by the double-digits for the period between Dec. 24 and 30 as more sustained cold weather finally arrived, dropping temperatures, bolstering demand and causing freeze-offs in parts of the country.

December 31, 2015
Freeze-Offs Could Impact Northeast Production for Months

Freeze-Offs Could Impact Northeast Production for Months

Multiple polar vortices with chilling cold have created freeze-offs impacting billions of cubic feet of natural gas production in the Marcellus and Utica shales over the last few weeks, and it could be months before production returns to normal, according to Genscape Inc.

January 31, 2014