After two solid days in the black, natural gas futures prices reached new heights on Wednesday as production continued to decline, and hot weather remained firmly in next week’s forecast. The September Nymex gas futures contract hit a $4.205 intraday high before settling at $4.158, up 13.1 cents from Tuesday’s close. At A Glance: Next…
Articles from Injection
Natural gas futures on Wednesday built on the gains of a day earlier as a favorable shift in the weather-demand outlook offset expectations for a triple-digit storage injection with the federal government’s pending inventory report Thursday. The June Nymex contract gained 7.1 cents day/day and rolled off the board after settling at $2.984/MMBtu on Wednesday.…
The U.S. Environmental Protection Agency (EPA) has been sued by the Center for Biological Diversity (CBD) regarding exemptions for some of California’s wastewater injection wells.
The Energy Information Administration (EIA) on Thursday reported a surprisingly lean 34 Bcf weekly injection into U.S. natural gas stocks, lending renewed vigor to a futures market that had shown signs of faltering.
Despite a dozen small earthquakes in 2011 blamed on wastewater disposal wells, voters in the City of Youngstown, OH, stood firm on Tuesday and defeated, by a 57-43% margin, an amendment to the city’s charter that would have banned hydraulic fracturing (fracking).
Authorities have charged D&L Energy Inc. CEO Ben Lupo with one count of violating the federal Clean Water Act (CWA) after allegedly ordering an employee to dump oilfield waste into a storm drain that empties into the Mahoning River near Youngstown, OH.
Despite producing less wastewater per unit of natural gas produced compared with conventional wells, the enormity of the Marcellus Shale’s growth has increased total wastewater generated in the region by about 570% since 2004, “overwhelming current wastewater disposal infrastructure capacity,” according to a study by researchers at Duke and Kent State universities.
November natural gas rose Thursday after a government report showed a smaller injection into gas storage than what analysts were expecting. The 10:30 a.m. EDT report by the Energy Information Administration showed a build of 103 Bcf, about 5 Bcf less than what was anticipated. At the close November had added 4.4 cents to $3.630 and December gained 2.1 cents to $3.834. November crude oil fell 81 cents to $85.30/bbl.
CIG canceled Wednesday a Strained Operating Condition (SOC) that had been declared Sept. 23 due to high storage inventory levels at that point in the injection season. See the bulletin board for service changes that went into effect upon the ending of the SOC.