Modestly

Texas Energy Growth Oil-Driven for Now

Texas Energy Growth Oil-Driven for Now

The Texas Petro Index (TPI), an indicator of upstream oil and gas activity in Texas, increased modestly but steadily during the first half of the year, beginning July a scant 1.2% from matching the peak index achieved nearly five years ago, according to data released Monday. As has been the case for a while, oil production is the big story, but casinghead gas is lending support to natural gas output.

July 31, 2013

Raymond James: Natural Gas Rigs to Slow Descent in 2013

Raymond James & Associates Inc. energy analysts last week modestly reduced their near-term outlook for U.S. drilling activity and raised expectations for 2013, but only slightly. Drilling activity in the coming year still is “much lower than consensus expectations,” but the natural gas rig count should begin to stabilize.

September 24, 2012

Raymond James: Natural Gas Rig Count to Slow Descent in 2013

Raymond James & Associates Inc. energy analysts on Monday modestly reduced their near-term outlook for U.S. drilling activity and raised expectations for 2013, but only slightly. Drilling activity in the coming year still is “much lower than consensus expectations,” but the natural gas rig count should begin to stabilize.

September 18, 2012

Traders Unimpressed by Gains; Lower Prices Seen on the Horizon

February natural gas closed modestly higher Tuesday as prices generally ignored soaring oil and equity markets and posted an ominous new low during the session. Traders suggested that further price declines were likely. At the close February had risen 0.4 cent to $2.993 and March had inched higher 0.6 cent to $3.022. February crude oil bounded higher by $4.13 to $102.96/bbl.

January 4, 2012

Traders Warming Up For Options Expiry, EIA Report; December Gains

December natural gas settled modestly higher Tuesday as traders prepared for a double whammy in the form of a government inventory report and options expiration Wednesday. In addition, December futures expire Monday following an extended holiday period. At the end of the day December had added 1.6 cents to $3.415 and January had tacked on 0.3 cent to $3.561. January crude oil added $1.09 to $98.01.

November 23, 2011

Most Quotes Drop a Bit; No ‘Hurricane Hype’

Although small losses were slightly dominant, a sizeable number of flat to modestly higher locations kept cash market movement mixed Monday. Most severely hot weather with triple-digit highs was still confined to the south-central and Southwest sections of the U.S., and although the South could expect to keep peaking in the low to mid 90s, that represented merely seasonal to slightly below-normal conditions for August.

August 23, 2011

Managed Money Exiting Longs, Yet July Advances

July natural gas futures moved modestly higher Monday as options expired and traders saw the market holding its own. Recent data shows money managers favoring the “sell” side of the trading ledger. At the close July had risen 2.7 cents to $4.256 and August was up 1.4 cents to$4.264. August crude oil slipped 55 cents to $90.61/bbl.

June 28, 2011

Canadian Gas Exports Held Firm in 1Q

Canadian natural gas exports, defying consensus forecasts of shrinkage, held firm and even increased modestly during first quarter of 2011, the U.S. Department of Energy (DOE) said.

June 27, 2011

Figures Show Canadian Gas Exports Held Firm in 1Q

Canadian natural gas exports, defying consensus forecasts of shrinkage, held firm and even increased modestly during first quarter of 2011, the U.S. Department of Energy (DOE) said.

June 27, 2011

Mixed Price Movement Mostly Close to Flat

Despite modestly weaker futures guidance (down 2.6 cents on the previous Friday), the cash market recovered to a large extent Monday from major softness late last week. Gains highly dominated numbers that seldom varied more than a few pennies up or down from unchanged.

May 10, 2011
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