Injection

Natural gas futures fell again Monday, extending losses from the prior week as forecasts pointed to more mild weather and LNG volumes continued to prove turbulent. The November Nymex gas futures contract settled at $2.840/MMBtu, down 8.9 cents day/day. December fell 7.9 cents to $3.233. At A Glance: Mild temperatures ahead Production ticks lower NGI…

Heating demand could prove stronger this winter than last, given National Weather Service (NWS) forecasts for colder temperatures in northern markets. But robust production levels this fall should help the market meet demand and could help keep consumer prices from rising more than they already did this year. That assessment is according to the American…

The Energy Information Administration reported a 61 Bcf injection into natural gas storage inventories for the week ending Aug. 26, in line with expectations ahead of the report. After a softer start to Thursday’s session, Nymex natural gas futures recovered ahead of the latest government inventory data. The October contract was trading about 14 cents…

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…

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.