Lows

Despite prices that continue to languish at near-record lows, Exco Resources Inc. CEO Doug Miller has an upbeat view of the natural gas market.

The U.S. natural gas supply situation remained bearish at the end of March, despite “historic lows” in Canadian imports and the dry gas Haynesville Shale continuing to lose popularity among exploration and production (E&P) players, according to a review by Societe Generale’s Laurent Key and Stephanie Aymes.

The U.S. natural gas supply situation remained bearish at the end of March, despite “historic lows” in Canadian imports and the dry gas Haynesville Shale continuing to lose popularity among exploration and production (E&P) players, according to a review by Societe Generale’s Laurent Key and Stephanie Aymes.

With 2,220 MW of nuclear power still out of service and snow pack levels at historic lows, California’s electric grid operator unveiled what it hopes is a stable summer electricity supply-demand assessment for review by the California Independent System Operator (CAISO) Board of Governors.

Natural gas production in the Lower 48 states declined by 0.2% to 72.54 Bcf/d in December from November’s record 72.68 Bcf/d. It was the first monthly decline in Lower 48 production since February 2011, according to figures released by the Energy Information Administration (EIA).

With the wave of new shale gas supplies flooding the U.S. market and pushing prices to nearly 10-year lows, the natural gas industry is actively searching out new markets and customers to increase demand, panelists told an audience last week at the Pennsylvania Independent Oil & Gas Association’s Winter Meeting in Champion, PA.

With the wave of new shale gas supplies flooding the U.S. market and pushing prices to nearly 10-year lows, the natural gas industry is actively searching out new markets and customers to increase demand, panelists told an audience at the Pennsylvania Independent Oil & Gas Association’s Winter Meeting in Champion, PA, on Tuesday.

With the wave of new shale gas supplies flooding the U.S. market and pushing prices to nearly 10-year lows, the natural gas industry is actively searching out new markets and customers to increase demand, panelists told an audience at the Pennsylvania Independent Oil & Gas Association’s Winter Meeting in Champion, PA, on Tuesday.

Other than parts of the South, desert Southwest and California, it was rare to find any forecasts for Thursday lows that didn’t range from around freezing to a few degrees below zero. But that was able to keep only a little more than half of the cash market from seeing losses Wednesday. One source suggested that increasing use of storage in lieu of spot gas purchases may have been limiting the price-boosting impact of the cold weather.