Gains

East, Northeast Weaken, But Futures Gain

Cash natural gas prices on average fell 4 cents for weekend and Monday deliveries in Friday’s trading. Gains were posted in the Midwest and Midcontinent as lingering cold was expected to keep temperatures below normal. Eastern and New England locations fell as forecasters predicted a warming trend. At the close of futures trading, April had risen 4.7 cents to $3.629 and May was up 4.6 cents to $3.673. April crude oil rose 39 cents to $91.95/bbl.

March 11, 2013
Newfield Narrowing Focus to U.S. Unconventional Liquids

Newfield Narrowing Focus to U.S. Unconventional Liquids

Newfield Exploration Co. is considering the sale of its international assets, which consist of offshore oil and natural gas developments in Malaysia and China, the company said.

February 15, 2013

Drilling Downturn Impacts North American Oilfield Sector

Schlumberger Ltd. and Baker Hughes Inc. said they plan to report lower-than-expected profits for the final quarter of 2012 because of a slowdown in North American drilling activity and overcapacity in pressure pumping services.

December 19, 2012

Storage Now At a Deficit, But Futures, Cash Tumble

Cash natural gas prices shed a dime on average Friday as steady to nominal gains at Rockies points were unable to offset falling quotes at East, Northeast and California points. Traders also cited the normal Friday reluctance to buy ahead of a weekend and weather forecasts indicated little likelihood of East and Northeast cold.

December 10, 2012

Cash and Futures Wrestle Each Other Lower

Cash natural gas prices fell by a nickel on average Tuesday as a handful of multi-dollar gains posted on Northeast pipes were unable to offset a broad retreat at Great Lakes, eastern and most other locations, as well as a weak screen. At the close of trading January futures had given up 5.2 cents to $3.539 and February had eased 5.3 cents to $3.562. January crude oil fell 59 cents to $88.50/bbl.

December 5, 2012

Raymond James: 2013 Natural Gas Prices Hinge on Coal Switching

Gas-to-coal switching, which has drained some of the excess domestic gas stores, will tell the tale about 2013 natural gas prices, with gas expected to continue to gain in the first six months, while coal regains some of its losses in the second half of the year, according to Raymond James & Associates Inc.

November 6, 2012

‘Pronounced Recovery’ in GOM Forecast for 2013 and Beyond

Barring a “severe negative turn” in the global economic outlook, the outlook for oil and gas projects in the U.S. Gulf of Mexico (GOM) appears to be positive with gains across all of the major market sectors, according to Quest Offshore.

November 5, 2012

Midwest Prices Soft as SoCal Gains; Futures Wobble to Mixed Close

Cash natural gas prices on average were unchanged Thursday with declines posted at Midwest points and gains at southern California and some eastern locations. The Energy Information Administration reported a build of 65 Bcf, somewhat less than what traders were expecting, but futures markets limped to an uninspired finish. At the close, December had gained 0.7 cent to $3.699 and January had shed 0.2 cent to $3.818. December crude oil gained 85 cents to $87.09/bbl.

November 2, 2012

‘Pronounced Recovery’ for GOM Forecast for 2013 and Beyond

Barring a “severe negative turn” in the global economic outlook, the outlook for oil and gas projects in the U.S. Gulf of Mexico (GOM) appears to be positive with gains across all of the major market sectors, according to Quest Offshore.

November 2, 2012

Cash Gains, But Futures Rocket Higher Following EIA Report

The overall cash market added two cents on average Thursday as gains at eastern points and the Gulf Coast were able to offset softness in the Northeast and southern California. The Energy Information Administration (EIA) reported a build of 51 Bcf, which was higher than market expectations, but prices slipped only for a moment. At the close November futures had gained a stout 11.7 cents to $3.587 and December had added 8.4 cents to $3.904. November crude oil eased 2 cents to $92.10/bbl.

October 19, 2012