natural gas production

Natural gas futures floundered Friday, capping a see-saw week of trading that ultimately left prompt prices in a holding pattern of sorts, with traders trying to assess an uncertain weather outlook, choppy production estimates and stubbornly high storage levels. At A Glance: Stout storage endures Weather outlook evolves Freeport remains key factor The April Nymex…

U.S. LNG exports rose by 8.6% year/year to average 10.6 Bcf/d in 2022, with demand growth driven by European markets seeking a substitute for Russian supply, according to FERC. Coincidentally, the figure for net exports of natural gas overall – including liquefied natural gas and pipeline exports – also was 10.6 Bcf/d, up slightly from…

The April Nymex futures contract traded at $2.520 at 11 a.m. ET on Thursday, up 8.1 cents from the previous day’s close. This was after the U.S. Energy Information Administration (EIA) reported a withdrawal of 58 Bcf natural gas from storage for the week ended March 10. At A Glance: BREAKING: U.S. EIA reports 58…

EQT Corp. may be the nation’s largest natural gas producer, but it’s all in on sustainability and the energy transition. That said, natural gas is part of the solution, not the problem, a top executive said. General counsel Will Jordan recently met with NGI in Houston at CERAWeek by S&P Global. He shared insight into…

Natural gas futures found fresh footing Monday, posting double-digit gains as forecasts pointed to seasonally strong heating demand that more than offset losses late last week. The April Nymex gas futures contract settled at $2.606/MMBtu, up 17.6 cents day/day. It had shed 11.3 cents on Friday. May climbed 16.7 cents on Monday to $2.726. At…

Pennsylvania’s natural gas production declined by 5.1% in the final quarter of 2022, the largest year/year decline since monthly production data began, according to the state’s Independent Fiscal Office (IFO). This was the fourth consecutive quarter in which production did not increase on a yearly basis, according to the IFO’s Natural Gas Production Report compiled…

After early gains on Thursday, natural gas futures lost momentum following the latest government inventory data that confirmed supply/demand balances remain too loose. The April Nymex gas futures contract settled at $2.543/MMBtu, off eight-tenths of a cent on the day. May futures slid 3.0 cents to $2.683. Spot gas prices were mostly lower, with the…

British Columbia (BC) delivered the growth while Alberta faded when Canadian natural gas production jumped to a record monthly high late last year, according to industry accounts compiled by the Canada Energy Regulator (CER). BC wells, dominated by Montney Shale flows, sustained 6.63 Bcf/d or 37% of the new 17.9 Bcf/d peak last November. The…

SilverBow Resources Inc. is shifting its near-term focus from natural gas to oil-directed drilling amid a stronger pricing outlook for the latter, according to CEO Sean Woolverton. Woolverton hosted a conference call to discuss fourth-quarter and full-year 2022 earnings for Houston-based SilverBow, which operates exclusively in the Eagle Ford Shale and Austin Chalk formations of…