March

Texas operators are turning their attention to old business — completing previously drilled wells — rather than drilling new ones…

Tulsa-based Samson Resources Corp. is exploring its options and considering whether to seek bankruptcy protection as the best way to restructure its debt load. Sabine Oil & Gas Corp. also disclosed it is working to avoid defaulting on its debt.

Crude oil production fell in the Eagle Ford and Bakken shales but increased in the Permian Basin in February, while natural gas production accelerated in the Haynesville Shale and isn’t projected to slow down through April, according to drilling productivity reports by the U.S. Energy Information Administration (EIA).

April natural gas is expected to open 6 cents higher Tuesday morning at $2.78 as traders factor in a near-term cool shot. Overnight oil markets retreated.

The expiring March natural gas futures contract is called unchanged at $2.90 as traders factor in a moderating near-term weather outlook along with expected supportive storage data. Overnight oil markets inched higher.

March natural gas is expected to open 3 cents higher Thursday morning at $2.86 as overnight weather forecasts edged colder and traders look beyond this week’s expected release of modest gas usage figures. Overnight oil markets fell hard.

March natural gas is set to open 2 cents lower Wednesday morning at $2.74 as traders grapple with ongoing cold but expect hefty production to eventually temper any major price advances. Overnight oil markets slumped.

March natural gas is set to open 3 cents higher Tuesday morning at $2.83 as traders factor in forecast-busting continued cold over major energy markets and an strengthening technical picture. Overnight oil markets eased.

March natural gas is called 4 cents lower Friday morning at $2.67 as near-term weather forecasts show a moderately warmer pattern over the West. Overnight oil markets rose.