natural gas production

North Dakota natural gas production hit another record high in September, with growth poised to continue as pipeline egress projects come online. Production averaged 3.44 Bcf/d in September, up 4% versus August, data from the state’s Department of Mineral Resources (DMR) show.  Producers captured and marketed 3.26 Bcf/d or 95% of total production, in line…

Natural gas futures failed to sustain Monday’s momentum and finished lower Tuesday after weather forecasts took back some of the latest modeled demand boon for later this month. The December Nymex natural gas futures contract fell 9.1 cents day/day to settle at $3.092/MMBtu. January shed 8.4 cents to end at $3.303. At A Glance: Prompt…

Overall natural gas production from seven major U.S. onshore regions is expected to recede from November to December but remain robust at just under 100 Bcf/d, according to updated modeling published Monday by the U.S. Energy Information Administration (EIA). The agency’s latest monthly Drilling Productivity Report (DPR) projected combined December production of 99.638 Bcf/d from…

Employment in the U.S. oilfield services (OFS) and equipment sector rose by an estimated 1,736 jobs to 652,874 in October, according to an Energy Workforce & Technology Council analysis of federal data. During the past month, job availability across the sector increased by 0.3%. The market has added jobs for eight out of 11 months…

Bears kept natural gas futures on the back foot again on Wednesday, extending the prompt month’s losing streak to three sessions. Production estimates again touched a new all-time high while weather forecasts stayed mild, likely keeping gas in storage leaning toward injection this week. At A Glance: Prompt month falls to $3.106 Cash prices halt…

Natural gas futures stumbled for a second session Tuesday as warm November forecasts kept hopes of higher winter heating demand at bay. The December Nymex natural gas futures contract fell 12.4 cents day/day to settle at $3.140/MMBtu. January fell 10.1 cents to $3.463. NGI’s Spot Gas National Avg. fell 12.5 cents to $1.790, its sixth…

Production of associated natural gas – fuel produced in concert with oil – surged in the prolific Permian Basin over the past five years, supporting strong total supplies and, for much of this year, helping to keep U.S. prices in check. Associated gas produced from the top three oil plays in the Permian region –…

Natural gas futures forged higher on Friday, bolstered by elevated LNG exports and momentum from this week’s cold shot that may have been enough to trigger the season’s first withdrawal. The December Nymex gas futures contract rose 4.3 cents day/day to settle at $3.515/MMBtu. January rose 4.5 cents to $3.795. At A Glance: December contract…

Natural gas futures faltered early Wednesday, reversing much of the 22-cent jump Tuesday before bouncing and settling lower to start November trade off on wobbly footing. Weather forecasts shaved some demand expectations with the winter’s first decent cold shot across the Lower 48 set to ease by the weekend. At A Glance: Analysts see heavier…