Injections

Natural gas futures bulls and bears were equally unimpressed Thursday morning following news that a slightly-less-than-expected 56 Bcf was deposited in underground storage for the week ending May 6.

Largely ignoring a somewhat supportive natural gas inventory report, cash and futures action were both relatively quiet on Thursday as temperatures nationally remained very much in their traditional shoulder season zone. Natgas cash values largely stayed within a nickel of flat, and NGI’s National Spot Gas Average — reflecting the melancholy attitude of the day — ended a penny higher at $1.89.

Researchers have found traces of oil and gas wastewater in surface waters near an injection well in Fayette County, WV, according to the results of a pair of recent studies conducted by the U.S. Geological Survey, University of Missouri and Duke University.

Researchers have found traces of oil and gas wastewater in surface waters near an injection well in Fayette County, WV, according to the results of a pair of recent studies conducted by the U.S. Geological Survey, University of Missouri and Duke University.

A group of environmental and community organizations filed suit against the Environmental Protection Agency (EPA) Wednesday seeking stricter federal regulations for the disposal of waste from oil and gas drilling and hydraulic fracturing.

Natural gas futures worked lower Thursday morning after the Energy Information Administration (EIA) reported a storage injection that was somewhat greater than what the market was expecting.

A group of environmental and community organizations filed suit against the Environmental Protection Agency (EPA) Wednesday seeking stricter federal regulations for the disposal of waste from oil and gas drilling and hydraulic fracturing.

Natural gas futures worked lower Thursday morning after the Energy Information Administration (EIA) reported a storage injection that was somewhat greater than what the market was expecting.

With the news that a bit more natural gas than had been expected was injected into storage for the week ending April 22, traders pushed June futures lower on Thursday morning, perhaps in an effort to align the newly minted prompt month with where the May contract terminated on Wednesday. For a second consecutive day, cash prices were a mixed bag and relatively quiet as traders are likely already focused on next-month deals.