natural gas production

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…

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…

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…

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…

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…

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…

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,…

Natural gas futures retreated early Thursday as one of the major weather models trended warmer, while upcoming government inventory data was expected to take a backseat to forecasts in terms of influencing future price action. The March Nymex contract was down 4.4 cents to $2.658/MMBtu at around 8:45 a.m. ET. Selling corresponded to changes in…

Natural gas in Mexico continues to be underutilized, according to industry participants who spoke last week at Industry Exchange LLC’s 6th Mexico Infrastructure Projects Forum. CEO José García Sanleandro of Gas Natural México (Naturgy Mexico), the local subsidiary of Spain’s Naturgy Energy Group, said the level of residential users has hardly budged over the last…