May futures and forwards markets were up 16 cents, on average, between March 31 and April 6 as benchmark Henry Hub cash prices rose steadily through the week and the final storage report for the traditional withdrawal season showed a 2 Bcf injection, according to NGI’s Forward Look.
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Articles from Injections
Pennsylvania Issues Permits For Controversial Injection Wells
The Pennsylvania Department of Environmental Protection (DEP) has issued permits for two controversial underground injection wells in the state, closing a roughly four-year fight in two counties nearly 100 miles apart.
March 28, 2017
California Orders 475 Oilfield Wastewater Wells Closed
California energy officials said on Wednesday that they have ordered 475 underground injection control (UIC) wells shut down by Feb. 15.
January 19, 2017
OK Quakes Trending Down After State Cuts Wastewater Injections, Research Finds
The number of earthquakes of magnitude 3.0 or greater near oil and gas disposal wells in Oklahoma should continue to decline over the next few years as a result of state regulations reducing wastewater injection volumes, according to new research from Stanford University.
December 2, 2016
Spec Buying In Play Following On-Target Storage Report
Natural gas futures rallied off session lows Thursday morning after the Energy Information Administration (EIA) reported a storage injection that was curiously higher than what traders were anticipating.
November 10, 2016
Earthquake Rattles Cushing, OK; No Damage Reported to Oil Terminal
An earthquake measuring 5.0 on the Richter scale hit near the crude storage and transportation hub of Cushing, OK, on Sunday and spawned at least six aftershocks, but no damage was reported to energy-related infrastructure in the city.
November 7, 2016
February Quake in Oklahoma Likely Triggered by Disposal Wells, Says USGS
Researchers with the U.S. Geological Survey (USGS) said a 5.1-magnitude earthquake that struck Oklahoma last February was likely caused by nearby oil and natural gas disposal wells, noting that injected volumes of wastewater had increased seven-fold over the last three years.
October 26, 2016
Plump Storage Build On Tap; November Called 2 Cents Lower
November natural gas is set to open 2 cents lower Thursday morning at $3.19 as traders expect storage data to show a greater increase than popular surveys. Overnight oil markets were narrowly mixed.
October 13, 2016
Report Shows EPA Recommended Moratorium on Disposal Wells in Oklahoma
The U.S. Environmental Protection Agency (EPA) has recommended that Oklahoma regulators enact a moratorium on oil and natural gas disposal wells in sensitive areas of the Arbuckle Formation. The agency said it is concerned that the state’s response to injection-induced seismicity is both inconsistent and ineffective.
October 11, 2016
Futures Relinquish Early Gains Following Release of NatGas Storage Stats
Natural gas futures temporarily gained ground Thursday morning after the Energy Information Administration (EIA) reported a storage injection that was lower than what the market was expecting.
September 29, 2016
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