February natural gas is expected to open 15 cents higher Monday morning at $3.15 as traders factor in bone-rattling cold across key energy markets. Overnight oil markets plunged.
Monday
Articles from Monday
Oasis Cleans Wastewater Spill in North Dakota; Impact Small
Houston-based Oasis Petroleum Inc. continued water and soil sampling Monday after one of its pipelines spewed 42,000 gallons of salty wastewater into a pool and small creek that are part of a tributary to a Missouri River reservoir in McKenzie County in northwest North Dakota.
Traders Caution Against Picking Market Bottom; August Called A Penny Higher
August natural gas is expected to open a penny higher Friday morning at $4.13 as traders balance possible fuel switching by power generators and near-term warmth in the West and Southwest with expected large-scale cooling later next week. Overnight oil markets eased.
Speculative Technical Selling Seen Subsiding; July Called Flat
July natural gas is set to open unchanged Tuesday morning at $4.45 as traders sense at least a temporary end to speculative selling and weather forecasts turn slightly warmer. Overnight oil markets firmed.
Marcellus and Utica Squeeze Harder on Boardwalk
The abundance of market-area gas that has crushed basis differentials and flattened seasonal spreads has bedeviled Boardwalk Pipeline Partners LP for several quarters now. But on Monday investors got pinched hard when the partnership cut its distribution by 81% and the price of its units plunged 46%.
Two More Flood-Caused Spills in Colorado, State Officials Say
Two additional spills related to Colorado’s record flooding in September were reported Monday by the state Oil and Gas Conservation Commission (OGCC) as part of its ongoing monitoring of the oil and natural gas industry’s recovery (seeDaily GPI,Sept. 26).
Cash, Futures Both Dance Lower; September Off By 3 Cents
Physical natural gas prices nationally on Monday for Tuesday delivery meandered lower by a couple of pennies, with the East mixed and Northeast posting modest gains and most other points falling a couple of pennies or more. Northeast temperatures were expected to stay below seasonal norms, and traders saw the gains as within a normal margin of error. At the close, September natural gas had fallen 2.8 cents to $3.319 and October was off 2.9 cents to $3.346. September crude oil slid 38 cents to $106.56/bbl.
Antero Reports 47% Increase in Proved Reserves
Antero Resources announced Monday that its proved reserves had increased 47%, to 6.3 Tcfe in the first half fo 2013 on natural gas gains mostly from the Marcellus Shale.
Questar Unit Adding More Wyoming Natural Gas Assets
Questar Corp.’s exploration and production subsidiary on Monday agreed to pay $106.4 million to bolt-on more natural gas wells to an existing leasehold in Wyoming.
Rail Transport ‘Critical’ to North Dakota, Officials Say
While acknowledging that rail shipments are a vital part of the burgeoning Bakken Shale play, North Dakota energy officials on Monday refused to speculate on the eventual impact of the oil rail car derailment and fire in Quebec, Canada, on their state’s soaring production (see Shale Daily, July 16).