After a series of earthquakes recently erupted near Oklahoma’s Arbuckle formation, state regulators have called for oil and gas operators to reduce well wastewater, affecting 23 disposal wells. A 4.0 magnitude and a few smaller magnitude earthquakes hit Carney, OK, earlier this month. The tremors led the Oklahoma Corporation Commission’s (OCC) Oil and Gas Conservation…
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December Natural Gas Futures Prices Rally on Colder Weather Outlook, Short Covering
Colder shifts in weather forecasts for mid-November outweighed the potential for increased storage injections, propelling natural gas futures on Monday. At A Glance: Prompt month jumps 67 cents Cash prices recover in West Texas Analysts expect stout storage injection After losing ground to close out last week, the December Nymex gas futures contract climbed 67.1…
October 31, 2022
Lower 48 E&Ps Treating Less Water as Disposal Permits Drying Up, Quake Activity Rising
Exploration and production (E&P) companies, particularly in West Texas, appear to be in a bit of a conundrum. Amid an increase in seismic activity related to Lower 48 development, producers stand to lose nearly half of their disposal capacity in key basins at the same time the amount of water they are leaving untreated is…
January 10, 2022
EIA Reports ‘Tight’ 98 Bcf Injection into Storage, Futures Rise
The Energy Information Administration (EIA) reported a 98 Bcf injection into natural gas storage inventories for the week ending June 21, snapping a string of triple-digit builds dating back to mid-May and delivering the tightest stat of the summer so far.
June 27, 2019
Natural Gas Forwards Bounce as Spring Maintenance Hits Production
After weeks of softening for natural gas forwards, prices bounced back during the April 4-10 period as production remains down from earlier post-winter highs. May prices rose an average of 4 cents, while June rose a nickel, according to NGI’s Forward Look.
April 11, 2019
Another Bullish Miss in EIA Storage Report Leads to Modest Rally
Another bullish miss on Thursday from the Energy Information Administration’s (EIA) weekly natural gas storage report failed to spark much of a rally as the market continues to count on production replenishing stockpiles once summer heat subsides.
July 26, 2018
EIA Storage Build Lighter Than Surveys, But Natural Gas Futures Market Not Impressed
The Energy Information Administration’s (EIA) weekly natural gas storage report missed to the low side of most estimates Thursday, but that didn’t seem to catch futures traders by surprise as prompt-month prices fell on the news.
July 12, 2018
August Natural Gas Near Even as Market Turns to EIA Data
The August natural gas futures contract was set to open Thursday slightly higher at around $2.985/MMBtu, with prices supported by heat in the forecast as the market turns its attention to the 10:30 a.m. EDT release of weekly government storage data.
June 28, 2018
Bullish EIA Natural Gas Storage Miss Offset by Bearish Revision; Futures Retreat
The Energy Information Administration (EIA) on Thursday reported a below-consensus natural gas storage build for the week ended June 22, but prompt month futures pulled back a few cents as the market reacted to a revision that increased the prior week’s reported net build by 4 Bcf.
June 28, 2018
EIA Storage Build Matches Surveys; Natural Gas Futures Gain Ground
The Energy Information Administration (EIA) on Thursday reported a natural gas storage injection that confirmed consensus estimates for a larger-than-average build shy of the triple-digit mark, and futures gained a few cents on the news.
May 24, 2018
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