Natural gas futures support at $4 held up once again on Wednesday, but traders said a $3 handle was likely still in the cards, maybe as early as Thursday morning due to the widely held expectation that the industry will see its first storage injection two weeks earlier than normal.
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Traders See Early Storage Build as Key to Sub-$4 Pricing
Natural gas futures support at $4 held up once again on Wednesday, but traders said a $3 handle was likely still in the cards, maybe as early as Thursday morning due to the widely held expectation that the industry will see its first storage injection two weeks earlier than normal.
‘Enthusiasm’ of Shale Producers May Slow Supply Decline
The U.S. natural gas market shows signs of improving, but maybe not as fast as some would “expect, hope for or need,” a Houston energy investment banker said last week.
‘Enthusiasm’ of Shale Producers Seen Mitigating Supply Decline
The U.S. natural gas market shows signs of improving, but maybe not as fast as some would “expect, hope for or need,” a Houston energy investment banker said Tuesday.
EOG’s Output Jumps 11% on Unconventional U.S. Gas, Oil Plays
EOG Resources Inc. is forecasting its natural gas production will continue to build through “at least 2010” through its Barnett Shale and Uinta Basin reserves — and maybe some stealth projects still unmentioned — but don’t expect CEO Mark Papa to change his view of Energy Information Administration (EIA) data that indicates there’s overall gas growth across the United States. The numbers just aren’t there, he said Friday.
EOG’s Output Jumps 11% on Unconventional U.S. Gas, Oil Plays
EOG Resources Inc. is forecasting its natural gas production will continue to build through “at least 2010” through its Barnett Shale and Uinta Basin reserves — and maybe some stealth projects still unmentioned — but don’t expect CEO Mark Papa to change his view of Energy Information Administration (EIA) data that indicates there’s overall gas growth across the United States. The numbers just aren’t there, he said Friday.
Confusion Reigns in Implementation of CA Global Warming Laws
It will take at least two more months, and maybe through the first half of next year, for California’s state agencies to sort out their respective responsibilities for implementing the state’s new global warming laws (AB 32 and SB 1368), according to a joint report by the California Public Utilities Commission (CPUC) and California Energy Commission (CEC) last week.
Confusion Reigns in Implementation of CA Global Warming Laws
It will take at least two more months, and maybe through the first half of next year, for California’s state agencies to sort out their respective responsibilities for implementing the state’s new global warming laws (AB 32 and SB 1368), according to a joint report by the California Public Utilities Commission (CPUC) and California Energy Commission (CEC) on Monday.
NGI The Weekly Gas Market Report
Without Shut-ins, Analysts See Fall Price Plunge
Although early autumn gas futures prices are still above $7, quite a few analysts are saying they could drop as much as $3, maybe more, before the injection season ends. Energy and Environmental Analysis Inc. (EEA), predicted last week that Henry Hub prices could hit $4/MMBtu or even lower as many storage fields approach their maximum capacity.
Calpine Looks to Sell Canadian (Maybe U.S.) Gas Reserves, Trust Interest
Liquidity-strained Calpine Corp. announced last week that it is “evaluating” the sale of its 230 Bcfe Alberta proved natural gas reserves and a 25% interest in a related Calpine Natural Gas Trust amounting to about 80 Bcfe of proved reserves.