natural gas prices

Eagle Ford, SCOOP/STACK Said Ripe for Consolidation While Natural Gas Prices Low

Eagle Ford, SCOOP/STACK Said Ripe for Consolidation While Natural Gas Prices Low

Privately held exploration and production (E&P) firms in the Eagle Ford Shale and Midcontinent regions could prove attractive targets for public producers seeking exposure to future strengthening of natural gas prices, according to Enverus Intelligence Research (EIR). EIR’s Andrew Dittmar, principal analyst, highlighted the Eagle Ford, the South Central Oklahoma Oil Province (SCOOP) and the…

April 24, 2024
Natural Gas Futures Pull Back Early as Market Continues to Mull Mild Temps, Weak Production

Natural Gas Futures Pull Back Early as Market Continues to Mull Mild Temps, Weak Production

After advancing over the previous two sessions, natural gas futures pulled back in early trading Wednesday as mild shoulder season weather continued to dampen the outlook despite continued production restraint. The May Nymex contract, set to expire later this week, was down 5.3 cents to $1.759/MMBtu at around 8:45 a.m. ET. June was down to…

April 24, 2024
Planning Said Essential for Natural Gas Utilities Lacking Pipeline Capacity to Move Supply to Market

Planning Said Essential for Natural Gas Utilities Lacking Pipeline Capacity to Move Supply to Market

In a natural gas market where abundant supplies and a lack of demand have depressed prices, the scarcity of pipeline capacity has added to the complexity for buyers who must ensure daily deliverability to customers, a panel of executives said recently. “When you talk about supply and demand in pricing, I have been in the…

April 23, 2024
May Natural Gas Futures Slightly Lower as Mild Forecast Pressures Prices

May Natural Gas Futures Slightly Lower as Mild Forecast Pressures Prices

With the market continuing to balance near-term oversupply against longer term bullishness, natural gas futures moved slightly lower at the front of the curve in early trading Tuesday. The May Nymex contract was down 1.7 cents to $1.774/MMBtu at around 8:45 a.m. ET. June was off 1.7 cents to $2.048. A recently updated outlook from…

April 23, 2024
May Natural Gas Called Slightly Higher as Traders Eye Production, Cool Temps

May Natural Gas Called Slightly Higher as Traders Eye Production, Cool Temps

Natural gas futures nudged higher early Monday as near-term heating demand and soft springtime production offered support for prices. The May Nymex contract was up 2.1 cents to $1.773/MMBtu at around 8:45 a.m. ET. June was up 2.5 cents to $2.013. Updated estimates Monday showed domestic production remaining steady at sub-100 Bcf/d levels.  Bloomberg data…

April 22, 2024
West Texas Clawing Back as Volatile Week Ends with Natural Gas Prices Still Lower; Futures Slip

West Texas Clawing Back as Volatile Week Ends with Natural Gas Prices Still Lower; Futures Slip

Struggles defined the weekly natural gas cash market as prices bounced between gains and losses amid seasonal factors including fickle weather and maintenance activity.  NGI’s Weekly Spot Gas National Avg. for the April 15-19 period ultimately lost 7.5 cents to $1.135/MMBtu. Meanwhile, the May Nymex futures contract jumped early in the week after reports of…

April 19, 2024
May Natural Gas Futures Range-Bound Despite Bouts of Cold, Lighter Production; Spot Prices Slip

May Natural Gas Futures Range-Bound Despite Bouts of Cold, Lighter Production; Spot Prices Slip

Natural gas futures struggled to find direction on Friday, trading in a narrow range of gains and losses throughout the session. Favorable near-term weather forecasts and continued light production estimates were countered by export weakness and only modest improvement in supply/demand balances evidenced in the latest government inventory data. At A Glance: Output near 98…

April 19, 2024
Price Headwinds Evident in Natural Gas Forwards as Weak Demand Trumps Falling Production

Price Headwinds Evident in Natural Gas Forwards as Weak Demand Trumps Falling Production

Lofty levels of natural gas in storage and a severe Permian Basin supply glut continued to cloud the outlook for prices. Natural gas forward prices fell in every region during the April 11-17 trading period, NGI’s Forward Look data show. Levels remained well below the $2.00/MMBtu level across the Lower 48, with exceptionally weak West…

April 19, 2024
Mexico Natural Gas Demand Outlook Useful for Market, but Could Be Misleading — Column

Mexico Natural Gas Demand Outlook Useful for Market, but Could Be Misleading — Column

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The recent publication of Mexico’s “Prospectivas” report by the energy ministry Sener is a significant event for stakeholders in the natural gas…

April 19, 2024
Natural Gas Futures Treading Water to Close Out Week; Cash Mixed — MidDay Market Snapshot

Natural Gas Futures Treading Water to Close Out Week; Cash Mixed — MidDay Market Snapshot

Natural gas futures were essentially flat through midday trading Friday, with prices seemingly lacking direction amid the competing fundamental trends of sagging export demand and fading production. Here’s the latest: May Nymex futures off fractionally at $1.756/MMBtu at around 2:30 p.m. ET U.S. drops three natural gas rigs in latest Baker Hughes Co. count The…

April 19, 2024