natural gas production

North American natural gas futures have enjoyed a positive week, with October rolling off the board on Wednesday at $2.674/MMBtu after four consecutive days of gains. On Thursday, the New York Mercantile Exchange gas futures contract for November on its first day as prompt month settled at $2.942, up 4.3 cents. Healthy LNG demand at…

The American Petroleum Institute (API) along with 13 energy trade associations have requested the Biden administration develop “fair and consistent federal leasing regulations” for onshore natural gas and oil development. Comments were submitted to the Department of the Interior’s Bureau of Land Management (BLM). “Our nation and the world will continue to need reliable, affordable…

October natural gas futures traded higher for a fourth consecutive day before rolling off the books as the prompt month. Maintenance-imposed production interruptions and stronger LNG volumes offset waning weather-driven demand to support prices. At A Glance: Front month advances 10.8 cents Production proves choppy again High 80s Bcf injection estimated The October Nymex gas…

The Natural Allies For A Clean Energy Future organization is touting its growth as former political leaders join major U.S. producers and operators to advance using natural gas alongside renewable power to reduce carbon emissions.  “Natural gas partnered with renewable energy can accelerate our path to a clean energy future – ensuring affordability and reliability…

Natural gas futures floundered most of Tuesday, but for a third straight session, the October contract approached the end of a tepid run at the front of the curve with a small gain. Lighter production offset fading demand and export uncertainty. Following tiny gains in the two prior sessions – and losses overall last week…

New investments in onshore unconventional oil and gas projects may still be needed even if human-induced global warming is kept to 1.5 degrees C or less, but overall production would need to fall dramatically, the International Energy Agency (IEA) said Tuesday.  To achieve the 1.5-degree target and reach net zero greenhouse gas (GHG) emissions globally,…

Natural gas futures forged ahead on Monday, building on the modest momentum gathered late last week after supportive government inventory data and price jumps in Europe. Following a 2.7-cent gain on Friday, the October Nymex gas futures contract settled at $2.639/MMBtu, up two-tenths of a cent to start the new week. November rose 2.7 cents…

Weekly natural gas cash prices lost ground amid increasingly benign temperatures and weak cooling demand across much of the Lower 48. NGI’s Weekly Spot Gas National Avg. for the Sept. 18-22 period shed 23.0 cents to $2.180/MMBtu. Conditions during the week shifted in bears’ favor, with comfortable temperatures across much of the North and forecasts…

Boosted by early bargain buying, natural gas futures finished the week with a modest gain, snapping a two-day run of losses. But the front month struggled to muster much momentum amid strong supply levels, rapidly declining demand and weakening cash markets. At A Glance: Production recovers ground Forecasts further favor bears Stronger injection expected Following…