Highs

Wednesday Dip Seen as Profit-Taking With Bulls Still at the Helm

Natural gas futures traders took their foot off the accelerator on Wednesday as the July contract came off fresh highs on a round of profit-taking to close back below $5 at $4.978, down 21.1 cents from Tuesday’s finish.

June 17, 2010

Newfield’s Woodford Shale Output Reaches ‘New Highs’

Newfield Exploration Co.’s Midcontinent operations, which cut across a swath of the Woodford Shale from Oklahoma into the Texas Panhandle, reached “new highs” in 3Q2009, with production jumping almost a third from a year ago, the Houston-based independent said late Wednesday.

October 23, 2009

Transportation Notes

After ending a previous Overage Alert Day Wednesday, Florida Gas Transmission declared a new one for market-area customers Thursday, citing forecasts of Florida highs in the 90s and heavy utilitization of pipeline capacity. The tolerance for negative daily imbalances was set at 15%.

September 18, 2009

NEB: U.S. Shale Pushed Down Canadian Gas Prices

The price of Canadian oil and natural gas reached new highs only to fall dramatically in the latter half of 2008 due to the emergence of unconventional resource plays in the United States. This created a supply glut, which added to the economic slowdown and reduced demand, according to Canadian Energy Overview 2008 by the country’s National Energy Board (NEB).

June 1, 2009

NEB: U.S. Production Crimped Canadian Gas Prices

The price of Canadian oil and natural gas reached new highs only to fall dramatically in the latter half of 2008 due to the emergence of unconventional resource plays in the United States. This created a supply glut, which added to the economic slowdown and reduced demand, according to Canadian Energy Overview 2008 by the country’s National Energy Board (NEB).

May 28, 2009

Gains Continue Despite Little Weather Demand

The market could claim marginal increases in cooling load in the South as more sections of the region were forecast to start recording highs in the mid 80s or so Thursday. Nevertheless, fundamental underpinnings of this week’s rally were still difficult to detect Wednesday even as overall firmness remained prevalent.

May 7, 2009

Price Movement Stays Mixed With Little Change

The market was close to flat in most cases Thursday as only a few points saw more than single-digit change either up or down. Overall it was a bit weaker as softness tended to overshadow gains more than on Wednesday. Cooler forecasts for Friday in the Northeast and much of the South were counterbalanced by warming trends in the Midcontinent/Midwest and Rockies, with Wednesday’s 12.8-cent loss by April futures tipping the market scales more to the bearish side.

March 20, 2009

S&P Cuts Gas, Oil Price Assumptions

Citing the risk of a “prolonged” global economic downturn and the drop in Henry Hub natural gas prices from their summer highs, Standard & Poor’s (S&P) Friday slashed its natural gas prices by $2 to $7/MMBtu for 2009 and 2010, and said that in 2011 and beyond, gas prices would average $6.

October 20, 2008

S&P Cuts Gas, Oil Price Assumptions

Citing the risk of a “prolonged” global economic downturn and the drop in Henry Hub natural gas prices from their summer highs, Standard & Poor’s (S&P) Friday slashed its natural gas prices by $2 to $7/MMBtu for 2009 and 2010, and said that in 2011 and beyond, gas prices would average $6.

October 20, 2008

Storm Premium Softens, Yet Expiring September Futures Add 11.6 Cents

Expiring September natural gas futures managed a modest gain Wednesday but were well off the Gustav-induced highs of the session. Traders lamented that the uncertainties of Gustav’s path and the direction of natural gas futures were joined at the hip, but suggested that the near-term trend was higher.

August 28, 2008