natural gas production

EIA Sees LNG Exports At Least Doubling by 2050 as Demand Holds Steady, Though Unknowns Abound

EIA Sees LNG Exports At Least Doubling by 2050 as Demand Holds Steady, Though Unknowns Abound

U.S. natural gas production and LNG exports are likely to grow between now and 2050 with domestic gas consumption dropping only slightly, according to the Energy Information Administration (EIA). All of the scenarios modeled in EIA’s latest Annual Energy Outlook (AEO) released Thursday show the United States remaining a net exporter of natural gas and…

March 17, 2023
Natural Gas Futures Fall to Close Topsy-Turvy Trading Week; Spot Prices Slide

Natural Gas Futures Fall to Close Topsy-Turvy Trading Week; Spot Prices Slide

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…

March 17, 2023
U.S. LNG Exports Surged Along with Prices in 2022, but Pipeline Flows to Canada, Mexico Declined

U.S. LNG Exports Surged Along with Prices in 2022, but Pipeline Flows to Canada, Mexico Declined

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…

March 16, 2023
April Natural Gas Futures Rise Slightly Amid Supply Abundance

April Natural Gas Futures Rise Slightly Amid Supply Abundance

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…

March 16, 2023
Leaders Must Stand Up, Make Case for U.S. Natural Gas, Says EQT Exec

Leaders Must Stand Up, Make Case for U.S. Natural Gas, Says EQT Exec

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…

March 16, 2023
Natural Gas Futures Rally On Looming Cold Weather; Cash Prices Cruise

Natural Gas Futures Rally On Looming Cold Weather; Cash Prices Cruise

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…

March 14, 2023
Pennsylvania Posts Largest Annual Decline in Natural Gas Production

Pennsylvania Posts Largest Annual Decline in Natural Gas Production

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…

March 13, 2023
Nymex Natural Gas Futures, Cash Slide as Supply/Demand Too Loose

Nymex Natural Gas Futures, Cash Slide as Supply/Demand Too Loose

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…

March 10, 2023
BC Montney Shale Driving Record Natural Gas Output in Canada as Alberta Dips 

BC Montney Shale Driving Record Natural Gas Output in Canada as Alberta Dips 

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…

March 9, 2023
SilverBow Pivoting to Oil Drilling as South Texas Natural Gas Prices Cool Off

SilverBow Pivoting to Oil Drilling as South Texas Natural Gas Prices Cool Off

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…

March 8, 2023
‹ Previous 1 2 3 84