natural gas production

Oil and natural gas production in North Dakota, home to the Bakken Shale, declined slightly in July from June, even as the rig count inched higher. Department of Mineral Resources (DMR) director Lynn Helms issued the monthly Director’s Cut on Friday, which provides information about all of the wells capable of producing, as well as…

Despite a slight reversal in trend Thursday spurred by a larger than expected injection into U.S. storage inventories, natural gas prices have been on a tear and are at eight-year highs. The October New York Mercantile Exchange (Nymex) contract jumped more than 50 cents between Monday and Wednesday, touching new highs for the year on…

Lower 48 natural gas production is expected to increase month/month in October in almost every major basin, with oil output set to climb in most regions too, according to federal researchers. The Drilling Productivity Report (DPR), compiled every month by the Energy Information Administration, on Monday predicted gas output would increase in October from September…

Mexico’s private oil and natural gas industry has invested $18 billion in the country since 2015 and secured approvals to invest another $42 billion as a result of the country’s 2013-2014 constitutional energy reform. That’s according to the Asociación Mexicana de Empresas de Hidrocarburos (Amexhi), Mexico’s private sector oil and gas trade organization. The group…

Natural gas futures on Tuesday extended the ferocious rally launched a day earlier, hitting a high point for the year, as traders fixated on supply/demand imbalance concerns and cash prices continued to escalate. The October Nymex contract gained 2.9 cents day/day and settled at $5.260/MMBtu. A day earlier, the prompt month soared nearly 30 cents.…

Natural gas futures surged on Monday as a new tropical storm threatened to further shake the Gulf of Mexico’s (GOM) production foundation, a development that could hamper supply/demand balances at a time when gas in storage for winter is already light. At A Glance: Nicholas threatens output GOM production still off Cash prices climb The…

Tight domestic balances, strength in global prices and a tropical cyclone churning along the coast of Texas gave traders plenty to ponder early Tuesday as natural gas futures continued their ascent. After rallying 29.3 cents in the previous session, the October Nymex contract was up another 10.3 cents to $5.334/MMBtu at around 8:50 a.m. ET.…

Natural gas futures surged on Monday as a new tropical storm threatened to further shake the Gulf of Mexico’s (GOM) production foundation, a development that could hamper supply/demand balances at a time when gas in storage for winter is already light. The October Nymex contract cruised 29.3 cents higher day/day and settled at $5.231/MMBtu. November…

Lower 48 natural gas production is expected to increase month/month in October in almost every major basin, with oil output set to climb in most regions too, federal researchers said Monday. The Drilling Productivity Report (DPR), compiled every month by the Energy Information Administration, indicated that gas production is predicted to increase in October from…