Natural gas cash prices made a mid-spring advance of 4 cents overall Tuesday as a forecast influx of winter-like cold and snow was expected to pummel the nation’s midsection. The largest price increases were seen in the Midwest and Midcontinent, and California and the Gulf also registered gains. New England was flat to lower, and eastern prices made a nominal advance. At the close of futures trading, June had eased 4.9 cents to $4.343 and July was off 4.7 cents to $4.394. June crude oil fell $1.04 to $93.46/bbl.
Influx
Articles from Influx
NRDC Offers to Assist Communities in Blocking Fracking
The Natural Resources Defense Council (NRDC), a major environmental group, Wednesday launched a project that would offer communities and towns a helping hand in blocking hydraulic fracturing (fracking). The effort would extend to five states, but the focus would be on Pennsylvania and Ohio, where fracking is most pervasive.
September 24, 2012
Eagle Ford Shale Adds $25 Billion to South Texas Economy
Development of oil and natural gas in the Eagle Ford Shale contributed $25 billion in total economic output to the South Texas region last year, according to a study released Wednesday by the Center for Community and Business Research at The University of Texas at San Antonio Institute for Economic Development.
May 10, 2012
Warm Air Torrent Pushes Cash Lower; Futures Scoot Higher
Physical natural gas continued lower Tuesday as the market grappled with a tsunami-like influx of warmer-than-normal temperatures east of the Rockies and the ongoing need to purge storage gas.
March 14, 2012
New York PSC Approves Two Gas Transportation Proposals
The influx of natural gas in the Northeast brought on by ramped-up Marcellus Shale development is keeping the New York State Public Service Commission (PSC) busy, as evidenced by two new authorizations for gas transportation projects.
February 21, 2011
New York PSC Approves Two Gas Transportation Proposals
The influx of natural gas in the Northeast brought on by ramped-up Marcellus Shale development is keeping the New York State Public Service Commission (PSC) busy, as evidenced by two new authorizations for gas transportation projects.
February 18, 2011
North Dakota’s Bakken Shale Delivering — and Then Some
North Dakota’s oil patch accounted for less than 1% of total U.S. crude oil production three years ago, but today the state is pumping close to 6% of total crude output, thanks to the formidable Bakken-Three Forks shale region, the state’s Department of Mineral Resources (DMR) is reporting.
January 5, 2011
All Points Fall as Weather Boosts Fade Quickly
Cash prices fell across the board Wednesday as the influx of chillier weather in northern market areas that had boosted quotes Tuesday proved to be short-lived. Tuesday’s June futures decline of 5.6 cents was another bearish influence on the physical market Wednesday.
May 29, 2008
Bentek Sees ‘Trough Trolling’ in Store for Some Gulf Area Storage
Growing gas production from unconventional basins in Texas, Oklahoma and Arkansas as well as the still-anticipated influx of large volumes of liquefied natural gas (LNG) on the Gulf Coast launched aggressive efforts by gas storage developers to expand existing and construct new facilities. Trouble is, according to one consultant, there may be more storage withdrawal capacity than there is pipeline capacity to handle it.
May 5, 2008
Bentek: Gulf-Area Caverns Could be ‘Trough Trollers’
Growing gas production from unconventional basins in Texas, Oklahoma and Arkansas as well as the still-anticipated influx of large volumes of liquefied natural gas (LNG) on the Gulf Coast launched aggressive efforts by gas storage developers to expand existing and construct new facilities. Trouble is, according to one consultant, there may be more storage withdrawal capacity than there is pipeline capacity to handle it.
May 5, 2008
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