Gains

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.

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.

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.

Cash and futures posted strong gains with nearly all points into the black, some in double-digits.

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.

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.

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.

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).

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.