Cash NatGas Widely Mixed; Storage Concerns Prompt Futures Trek Lower

Gas for Tuesday physical delivery showed wide variations in price with eastern and western points showing gains, but locations in the country’s mid-section taking declines. Overall the market was 4 cents to $2.34, but double digit gains in New England and the East along with additions of a couple of pennies to Rockies and California points were able to offset declines of a dime or so in the Gulf.

April 20, 2015

Warmth Seen Waning; September Called a Penny Lower

September natural gas is set to open a penny lower Tuesday morning at $3.93 as forecasters see near-term warmth as short-lived. Overnight oil markets gained.

August 26, 2014

Broad Advance Led By East, Northeast; Futures Gain

Physical natural gas for Tuesday delivery on average rose a dime Monday, with gains widespread and only a handful of points in the loss column. Particularly strong were East and Northeast points, boosted by high next-day power prices and forecasts calling for Tuesday readings as much as 20 degrees above normal.

September 10, 2013

U.S. Onshore Drives Anadarko’s Global Production

Boosted by its growing U.S. onshore business, Anadarko Petroleum Corp. reversed year-ago losses in the second quarter and reported production gains in most of its domestic plays.

July 31, 2013

Antero Reports 47% Increase in Proved Reserves

Antero Resources announced Monday that its proved reserves had increased 47%, to 6.3 Tcfe in the first half fo 2013 on natural gas gains mostly from the Marcellus Shale.

July 30, 2013

Index Shows Texas Oil and Gas Activity Stabilizing

Stability has come to the Texas oil and gas exploration and production sector, which is a good thing for producers and for consumers, said the economist who compiles the state’s monthly Texas Petro Index (TPI).

June 5, 2013

Utilities Partner to Push Natural Gas Using Social Media

Thanks to abundant shale gas supplies and appliance efficiency gains, a homeowner in Connecticut could save $1,800 per year by switching to natural gas heating from fuel oil, according to a trio of utilities in the state that have launched a campaign to get consumers to switch to gas.

May 30, 2013

Midwest Buyers Navigate Tricky Market; Futures Gain A Dime

Natural gas cash prices on average rose 4 cents in Tuesday’s trading with gains in the Plains, Texas and eastern points leading the march higher. Wild and wacky weather conditions have proved a challenge to cash buyers, who are now devoid of much of their baseload and are at times having to dip into storage and pay penalties. At the close of futures trading, June enjoyed a bump up to $4.025, a gain of 10.0 cents, and July had risen 9.7 cents to $4.068. June crude oil fell 96 cents to $94.21/bbl.

May 15, 2013

New England, California Lead Modest Advance; Futures Squeak Higher

Cash natural gas prices rose 3 cents overall Monday, with gains paced by strong Northeast points undergoing pipeline outages, and higher points in California. Other major market centers were mixed. Futures prices waffled throughout the day, but managed a positive finish, with June ending up 1.5 cents to $3.925 and July adding 1.1 cents to $3.971. June crude oil fell 87 cents to $95.17/bbl.

May 14, 2013

Still More Cold Lifts Northeast, But Futures Retreat

Cash natural gas prices were unchanged on average in Friday for weekend and Monday trading. Northeast points managed gains as weather forecasts proved supportive, but Rocky Mountain points were steady to lower, and eastern points fell a couple of cents.

May 13, 2013
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