natural gas production

Natural Gas Futures Lower as Market Mulls Soft Demand — MidDay Market Snapshot

Natural Gas Futures Lower as Market Mulls Soft Demand — MidDay Market Snapshot

Natural gas futures remained lower through midday trading Wednesday as LNG export demand weakness continued to weigh on prices. Physical markets were strengthening somewhat amid modestly cooler weather expected later this week. Here’s the latest: May Nymex futures were off 3.1 cents to $1.701/MMBtu as of 2:01 p.m. ET Pipeline flows to U.S. liquefied natural…

April 17, 2024
Alberta Pipeline Incident Sends Natural Gas Futures Higher

Alberta Pipeline Incident Sends Natural Gas Futures Higher

Natural gas futures jumped higher Tuesday afternoon after reports of a pipeline incident in Alberta broke up an otherwise quiet shoulder season day of trading. At A Glance: TC Energy responds to NGTL incident Production at 97.4 Bcf/d National Avg. back above $1 The May Nymex contract rose 4.1 cents day/day to settle at $1.732/MMBtu.…

April 17, 2024
Kimmeridge Looks to Add to SilverBow’s Board After Pulling Merger Offer

Kimmeridge Looks to Add to SilverBow’s Board After Pulling Merger Offer

Activist investor Kimmeridge Energy Management Co. LLC has withdrawn its proposal to merge its natural gas-focused subsidiary with Eagle Ford Shale producer SilverBow Resources Inc.  The New York-based investment firm, which holds a 12.9% stake in SilverBow, in March proposed a tie-up between Kimmeridge Texas Gas LLC (KTG) and the Eagle Ford producer along with…

April 17, 2024
As Temperatures Climb and Heating Demand Fades, May Natural Gas Futures Slump

As Temperatures Climb and Heating Demand Fades, May Natural Gas Futures Slump

Lighter shoulder season demand and soft export data overshadowed bullish production estimates and weighed down natural gas futures to kick off trading this week. At A Glance: Weak near-term demand Production remains softer NGI models injection of 55 Bcf The May Nymex gas futures contract on Monday settled at $1.691/MMBtu, down 7.9 cents day/day. Cash…

April 16, 2024
Equinor Bets On Electrification to Sustainably Extend Natural Gas Supply to Europe

Equinor Bets On Electrification to Sustainably Extend Natural Gas Supply to Europe

Equinor ASA is phasing out gas-fired generation in one of its most prolific natural gas production hubs in favor of electricity as it looks to increase both the sustainability and the lifespan of its North Sea operations. Norway’s Equinor disclosed that its offshore facilities at the Sleipner field and the adjacent Gudrun platform had been…

April 16, 2024
Natural Gas Futures Prices Seeking Support to Break from ‘Horizontal Channel’

Natural Gas Futures Prices Seeking Support to Break from ‘Horizontal Channel’

Prompt-month natural gas futures on the New York Mercantile Exchange (Nymex) neared $2.00/MMBtu last week but failed to push beyond a $1.943 Wednesday intraday high. With technical and fundamental support lacking, the front month headed lower on Monday, slipping 7.9 cents to settle at $1.691, and was trading marginally flat Tuesday morning. “The May Nymex…

April 16, 2024
Energy Executives See Sub-$3 U.S. Natural Gas Prices Persisting Amid Supply Glut 

Energy Executives See Sub-$3 U.S. Natural Gas Prices Persisting Amid Supply Glut 

Oil and natural gas executives in the Midcontinent and Rocky Mountain regions don’t expect Henry Hub natural gas prices to surpass $3/MMBtu for another two years, according to the first quarter 2024 energy survey published by the Federal Reserve Bank of Kansas City. The survey gauges current and expected oil and gas activity levels in…

April 16, 2024
Production from Natural Gas Plays to Continue Declining This Spring, EIA Says

Production from Natural Gas Plays to Continue Declining This Spring, EIA Says

Natural gas production from seven key Lower 48 regions tracked by the U.S. Energy Information Administration (EIA) will slide from April to May, driven by declines in the Haynesville Shale and the Appalachian Basin. EIA’s latest Drilling Productivity Report (DPR), published Monday, modeled a combined 99.9 Bcf/d of natural gas output in May from seven…

April 16, 2024
EQT Gaining More Natural Gas-Rich Appalachia Acreage as Equinor Exiting Operated Lower 48 Position

EQT Gaining More Natural Gas-Rich Appalachia Acreage as Equinor Exiting Operated Lower 48 Position

EQT Corp., the nation’s largest natural gas producer, is swapping some Pennsylvania holdings in the Marcellus Shale in an exchange with Norway’s Equinor ASA, which is handing off its operations in Ohio and paying $500 million to balance the overall transaction. The agreement with Equinor USA Onshore Properties Inc. and affiliates includes 100% of its…

April 15, 2024
Natural Gas Futures Steady; Cash Plunging Ahead of Weekend — MidDay Market Snapshot

Natural Gas Futures Steady; Cash Plunging Ahead of Weekend — MidDay Market Snapshot

Natural gas futures were on track to finish near even at the front of the curve through midday Friday as a steep sell-off in the previous session had bulls licking their wounds. Spot prices, meanwhile, were plummeting on pleasant April weather and light weekend demand. Here’s the latest: May Nymex contract at $1.773/MMBtu at around…

April 12, 2024
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