natural gas production

With bulls aiming to send prices higher for a third straight session, natural gas futures were up modestly through midday trading Tuesday as weaker production volumes and stronger physical prices hinted at tightening market conditions.  Here’s the latest: May Nymex futures at $1.854/MMBtu as of 2:13 p.m. ET, up 1.7 cents The front month dipped…

Australian LNG exports have ticked upward so far this year, driven in large part by higher volumes from the country’s east coast facilities.   Exports reached 21.5 million tons (Mt) through March 27, up from 20.6 Mt over the same time last year, according to Kpler. The uptick came from the Australia Pacific, Gladstone (GLNG) and…

North American natural gas futures found a little momentum on Thursday. The May New York Mercantile Exchange contract settled at $1.763/MMBtu, up 4.5 cents on the day. Earlier in the week, the April contract rolled off the board at $1.575. Despite some momentum in cash prices, the Daily Henry Hub price has not surpassed $2/MMBtu…

The domestic natural gas rig count held steady at 112 for the week ended Thursday (March 28), while a decline in oil activity lowered the combined domestic drilling tally by three to 621, the latest Baker Hughes Co. (BKR) data show. The combined oil and gas U.S. rig count for the week, which was 621,…

Houston, the nation’s fourth largest city and one that built its fortune in oil, natural gas and petrochemicals, is now a mecca for entrepreneurs out to make the next great no-carbon technology.  The city remains the place to forge oil and gas deals, as thousands of energy companies, large and small, have their headquarters in…

Weak natural gas prices are weighing on the minds of oil and gas executives, but the outlook is not all bearish, according to a new survey by the Federal Reserve Bank of Dallas, aka the Dallas Fed. “Natural gas is currently pricing at or below costs of production,” said one respondent from an exploration and…

Natural gas production in Canada proved robust through the past winter, even as heating demand waned in the back half of the season. Supplies in storage swelled and prices dropped as a result, mirroring and compounding conditions in the United States.  Related U.S. challenges include elevated supplies in the Pacific region, due in part to…

Tellurian Inc. is looking to join the wave of Gulf Coast LNG developers partnering with exploration and production (E&P) companies on tolling agreements to raise international exposure, executive chairman Martin Houston said Tuesday. In a letter to shareholders, the Houston-based company’s co-founder said Tellurian’s marketing team had spent last week meeting with potential customers and…

April Nymex natural gas futures finished their penultimate session in the lead position in the red, with the weather expected to provide a modest bump in demand too late to substantially impact the robust supply. At A Glance: April futures slip 4.4 cents Storage remains an anchor Spot gas mixed by weather The prompt-month contract…