January

Winter Weather Sends Western Natural Gas Forward Prices Soaring

Winter Weather Sends Western Natural Gas Forward Prices Soaring

Winter volatility saw Western natural gas forward hubs post huge gains during the Dec. 15-21 trading period, while expectations for a very mild start to 2023 drove deep discounts elsewhere in the Lower 48, NGI’s Forward Look data show. With intense Arctic cold diving from the Northwest into the heart of the Lower 48, spot…

December 23, 2022
Natural Gas Futures Drop as Arctic Cold Forecast to Diminish; Cash Prices Climb

Natural Gas Futures Drop as Arctic Cold Forecast to Diminish; Cash Prices Climb

Natural gas futures flopped a second consecutive trading day as the weather outlook for later this month and early next pointed to milder conditions and easing demand. The January Nymex gas futures contract settled at $5.851/MMBtu on Monday, down 74.9 cents day/day. February fell 59.3 cents to $5.710. At A Glance: Forecasts for soft start…

December 19, 2022

Lower 48 Permitting Climbs in January but Down Sharply From Year-Ago Totals

U.S. onshore permits climbed 12% to 2,612 in January from December, mostly from a rebound in the Permian Basin, but overall activity was sharply off from a year ago, according to a recap by Evercore ISI.

February 11, 2020

Oil, Natural Gas Production Growth From Key Onshore Plays Nearly Flat Next Month, Says EIA

Oil and natural gas production from seven of the United States’ most prolific onshore unconventional plays is expected to increase in February compared with January, but at a markedly slower pace than in the recent past, according to the Energy Information Administration (EIA).

January 21, 2020

Oil, Natural Gas Production Growth From Key Onshore Plays Nearly Flat Next Month, Says EIA

Oil and natural gas production from seven of the United States’ most prolific onshore unconventional plays is expected to increase in February compared with January, but at a markedly slower pace than in the recent past, according to the Energy Information Administration (EIA).

January 21, 2020
EIA Lowers ’19 Henry Hub Forecast to $2.83; Polar Vortex Gas Demand Near Record

EIA Lowers ’19 Henry Hub Forecast to $2.83; Polar Vortex Gas Demand Near Record

Strong growth in domestic natural gas production is expected to keep downward pressure on prices in 2019, according to the Energy Information Administration (EIA), which has lowered its forecast for Henry Hub prices.

February 12, 2019

February NatGas Called Higher as Bulls Gain the Momentum on Weather

February natural gas was set to open about 3.4 cents higher at around $2.948 Friday, building on recent momentum as the market has been able to rally on sustained below normal temperatures heading into the new year.

December 29, 2017

January NatGas Called Higher as Forecasts Flash Frigid Temps through Next Week

Soon-to-expire January natural gas was set to open about 7 cents higher at around $2.732 Tuesday, finding support over the long holiday weekend from forecasts that call for chilly temperatures into the first part of the new year.

December 26, 2017
Big Seven NatGas, Oil Production Increases Expected Again in January, EIA Says

Big Seven NatGas, Oil Production Increases Expected Again in January, EIA Says

Production of natural gas and oil from the nation’s seven most prolific onshore unconventional plays, which has been on the upswing throughout 2017, is expected to increase again in the first month of 2018 compared with December, according to the Energy Information Administration (EIA).

December 18, 2017

January NatGas Near Even After Mixed Changes in Overnight Weather Data

January natural gas was set to open about a penny higher Friday at around $2.695, with some mixed changes overnight in the weather outlook not offering much inspiration for the bulls.

December 15, 2017
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