natural gas production

March Weather Looking Meek as a Lamb as Natural Gas Futures Slide

March Weather Looking Meek as a Lamb as Natural Gas Futures Slide

A decidedly mild temperature outlook for the first half of March sent natural gas futures grinding lower in early trading Friday. The April Nymex contract was down 3.6 cents to $2.741/MMBtu at around 8:50 a.m. ET.  Now that the market has had a chance to digest the 300-plus Bcf weekly withdrawal reported in the latest…

February 26, 2021
Production Bouncing Back as Natural Gas Futures Slide Early

Production Bouncing Back as Natural Gas Futures Slide Early

Amid continued signs of recovery in natural gas production following last week’s intense cold in Texas and the Midcontinent, futures were trading several cents lower early Tuesday. The March Nymex contract was down 5.6 cents to $2.897/MMBtu at around 8:50 a.m. ET. The overnight weather data offered up a mixed bag of changes to the…

February 23, 2021
Warmer Forecasts, Returning Production Sink Natural Gas Futures Early

Warmer Forecasts, Returning Production Sink Natural Gas Futures Early

Natural gas futures were down sharply in early trading Monday, pressured by a warmer weather outlook and production coming back online following last week’s cold-related disruptions. The March Nymex contract was down 13.8 cents to $2.931/MMBtu at around 8:50 a.m. ET. Forecasts trended warmer over the weekend, showing a warmer than normal pattern for early…

February 22, 2021
Natural Gas Production from Seven Key U.S. Shale Plays to Fall from February to March, EIA Says

Natural Gas Production from Seven Key U.S. Shale Plays to Fall from February to March, EIA Says

Natural gas production from seven key U.S. shale plays is set to fall by a combined 560 MMcf/d from February to March as output from most major producing regions is expected to slow over the next month, according to the U.S. Energy Information Administration (EIA). Combined natural gas output from the Anadarko, Appalachian and Permian…

February 17, 2021
Natural Gas Futures Called Higher as Analysts See ‘Conflicting Forces’ Amid Unprecedented Conditions

Natural Gas Futures Called Higher as Analysts See ‘Conflicting Forces’ Amid Unprecedented Conditions

While energy markets were still reeling from the unprecedented conditions driving physical natural gas prices into the hundreds of dollars per MMBtu at hubs all over the country, futures price action appeared markedly more calm early Wednesday.  After locking in a 21.7-cent gain in the previous settle, the March Nymex contract was trading 3.0 cents…

February 17, 2021
Natural Gas Futures Called Slightly Higher as Forecasts Maintain Frigid Temperatures

Natural Gas Futures Called Slightly Higher as Forecasts Maintain Frigid Temperatures

As traders and analysts parsed the latest forecasts for clues on the intensity of this month’s frigid temperatures and the timing of when the cold pattern will start to fade, natural gas futures were up slightly early Wednesday. The March Nymex contract was trading 2.9 cents higher at $2.864/MMBtu at around 8:50 a.m. ET. As…

February 10, 2021
Cabot to Cut Spending, Maintain Pennsylvania Production Despite Better Natural Gas Outlook

Cabot to Cut Spending, Maintain Pennsylvania Production Despite Better Natural Gas Outlook

Appalachian pure-play Cabot Oil & Gas Corp. plans to keep year/year production flat in 2021 and cut spending, despite what management believes is likely to be a better year for natural gas producers. In formally releasing its plans for this year, the company reiterated preliminary guidance unveiled in October to move through 2021 in maintenance…

February 8, 2021
Major Weekend Cold Shift for Models Propels Natural Gas Futures Sharply Higher Early

Major Weekend Cold Shift for Models Propels Natural Gas Futures Sharply Higher Early

Natural gas futures were soaring higher in early trading Monday after a bullish shift in forecasts over the weekend raised the prospect of upcoming cold reaching more populated areas of the eastern Lower 48. The March Nymex contract was up 19.5 cents to $2.759/MMBtu at around 8:45 a.m. ET. Over the weekend weather models increased…

February 1, 2021
CNX Reports Record-Breaking Fourth Quarter Despite Pandemic

CNX Reports Record-Breaking Fourth Quarter Despite Pandemic

Despite a volatile year marred by the Covid-19 pandemic, CNX Resources Corp. said it finished strong, delivering on a more cautious approach implemented early in 2020 when the virus spread across the world and weighed on energy demand.  “2020 marked the most successful year we’ve seen as an” exploration and production company, “and frankly, as…

January 29, 2021
Permian Gains Another Natural Gas Conduit as 1.8 Bcf/d Agua Blanca Ramps Up

Permian Gains Another Natural Gas Conduit as 1.8 Bcf/d Agua Blanca Ramps Up

WhiteWater Midstream and MPLX LP announced Wednesday the completion of a substantial natural gas pipeline expansion in the Permian Basin that delivers gas to the Waha hub in Texas for production. The 1.8 Bcf/d Agua Blanca expansion has entered commercial service and connects nearly 20 gas processing sites in the Delaware sub-basin of the Permian,…

January 28, 2021
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