natural gas production

Column: Mexico Federal Budget Shows Pemex and CFE Come First

Column: Mexico Federal Budget Shows Pemex and CFE Come First

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. Although Mexico’s energy…

September 17, 2021
North Dakota Oil, Natural Gas Production Slips Again in July

North Dakota Oil, Natural Gas Production Slips Again in July

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…

September 17, 2021
Mexico Natural Gas Market Spotlight: Pricing ‘Fear’ Spilling Across Border

Mexico Natural Gas Market Spotlight: Pricing ‘Fear’ Spilling Across Border

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…

September 16, 2021
Haynesville, Appalachia Natural Gas to Increase in October, Says EIA

Haynesville, Appalachia Natural Gas to Increase in October, Says EIA

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…

September 16, 2021
Mexico’s Private Oil, Natural Gas Industry Touts Multibillion Dollar Investments as AMLO Maintains Nationalist Stance

Mexico’s Private Oil, Natural Gas Industry Touts Multibillion Dollar Investments as AMLO Maintains Nationalist Stance

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…

September 15, 2021
Tropical Storm Nicholas Punctuates Supply Worries, Drives Natural Gas Futures Higher

Tropical Storm Nicholas Punctuates Supply Worries, Drives Natural Gas Futures Higher

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.…

September 15, 2021
October Natural Gas Futures Find Fresh 2021 Highs as Supply Worries Fester

October Natural Gas Futures Find Fresh 2021 Highs as Supply Worries Fester

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…

September 14, 2021
Natural Gas Futures Extend Rally Early as Nicholas Seen Bearing Down on Houston

Natural Gas Futures Extend Rally Early as Nicholas Seen Bearing Down on Houston

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.…

September 14, 2021
Natural Gas Futures, Cash Prices Soar Above $5.00 as Nicholas Amplifies Production Worries

Natural Gas Futures, Cash Prices Soar Above $5.00 as Nicholas Amplifies Production Worries

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…

September 13, 2021
Lower 48 Natural Gas Production Seen Higher in October, Led by Haynesville and Appalachia

Lower 48 Natural Gas Production Seen Higher in October, Led by Haynesville and Appalachia

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…

September 13, 2021
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