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

EOG’s Papa Eschews NatGas, Sees Eagle Ford Cruising

EOG Resources Inc. last week reported a nearly 53% increase in net income for the first quarter of 2013, gains due in large part to hefty growth in the Eagle Ford Shale.

May 13, 2013

EOG’s Papa Sees Bakken Growth Rate Slowing, Eagle Ford Surging Ahead

Shares of EOG Resources Inc. rose sharply on Tuesday after the company reported a nearly 53% increase in net income for the first quarter of 2013, gains due in large part to hefty growth in crude oil production from the Eagle Ford Shale.

May 8, 2013

Hess Driven by Bakken, Encouraged by Utica

The Bakken Shale, Hess Corp.’s “principal engine of growth.” averaged 65,000 boe/d in the first three months of this year, an increase of 55% from a year ago, the CEO told investors on Wednesday.

April 26, 2013

Cash and Futures Glide Lower Amidst Broad Decline

Cash market prices on average fell 4 cents Tuesday as a handful of points showing gains of a few pennies had no chance of offsetting a broad and pervasive decline.

April 24, 2013

Midwest Strength Unable to Offset Weak East; Futures Retreat

Cash prices eased a penny on average Monday, with modest gains in the Midwest unable to offset declines in the Northeast and East. Major market centers were mixed. Futures prices were pounded lower by forecasts of warmer temperatures in the nation’s midsection, a stark contrast to last week’s outlooks calling for a cooler-than-normal regime. At the close May had fallen 14.1 cents to $4.267 and June was lower by 13.9 cents to $4.298. May crude oil expired at $88.76/bbl, down 75 cents.

April 23, 2013

Enbridge Mounts Rival Project to TransCanada Conversion

Warm-ups are under way for a swarm of environmental protests if TransCanada Corp. gains industry support to advance its Energy East Pipeline proposal to convert part of its natural gas Mainline to oil service.

April 8, 2013

Gulf, SoCal Lead Broad Advance; Futures At Record Open Interest

The cash market scored an average gain of 8 cents in Tuesday’s trading. Gains were widespread and only a handful of thinly traded points fell into the loss column.

April 3, 2013

Late Cold Continuing Cash Market Gains; Futures Make New High

Cash market prices gained an average 16 cents Monday as weather forecasts turned sharply colder at Midwest points. Gains were widespread with only one location in the loss column, and trading points around the Great Lakes sported rises of 30 cents or more. April was able to trade within 3 cents of the $4 mark and made a new 17 month high for a spot contract. It settled up 1.0 cents at $3.882. May advanced 0.5 cent to $3.914. April crude oil added 29 cents to $93.74/bbl.

March 19, 2013