natural gas production

Despite some pressure from high drilling costs, oil and gas executives surveyed by the Federal Reserve Bank of Kansas expressed optimism on U.S. natural gas prices and future drilling activity, forecasting both would rise over the next six to 24 months.  The Kansas City Fed conducts quarterly surveys to gauge current and expected drilling activity…

After surging nearly 60 cents over six sessions, the November Nymex natural gas futures contract recorded three straight losses and finished trading Friday at $3.236/MMBtu, down 10.8 cents day/day and 3% for the week. At A Glance: Front month drops 10.8 cents Production volumes stronger Weather demand dissipates Analysts attributed the slump to a combination…

North American natural gas futures continued their hot streak this week, even as they cooled slightly on Wednesday and Thursday. After a six day rally, November New York Mercantile Exchange natural gas futures saw a half-cent decline on Wednesday and shed another 3.3 cents on Thursday to settle at $3.344/MMBtu. NatGasWeather said warmer temperatures could…

Israel’s natural gas business – and the regional countries it serves – may face challenges as long as the bloody conflict with the Islamist militant group Hamas continues, according to energy analysts. Following a surprise attack early Saturday, Israel declared war against Hamas. As of Thursday, close to 3,000 people had been killed, including at…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 84 Bcf natural gas into storage for the week ended Oct. 6. The result landed near expectations and compared bullishly with historical norms. Nymex natural gas futures traded in a narrow range following the report.   At A Glance: BREAKING: U.S. EIA reports 84…

Kimmeridge Energy Management Co. LLC is expanding its presence in the Eagle Ford Shale of South Texas, with an upstream natural gas-weighted acquisition and a multi-year transport agreement aimed at the LNG export market. Kimmeridge, an alternative asset manager focused on the energy sector, said affiliate Kimmeridge Texas Gas (KTG) signed a deal to acquire…

November natural gas futures on Wednesday faltered for the first time in seven sessions as traders booked profits and bulls took a breather ahead of the next potential market catalyst – Thursday’s government inventory report. At A Glance: Modest injection anticipated Production close to 101 Bcf/d Mixed weather-demand view The November Nymex gas futures contract…

November natural gas futures forged ahead to new autumn highs on Tuesday, climbing for a sixth straight session amid choppy domestic production and fresh global supply worries ignited by the eruption of war in the Middle East. Following a 3.8-cent gain the prior session – and a 14% advance last week – the November Nymex…

Natural gas futures rallied for a fifth straight session Monday, powered by a tightening domestic market and global supply worries spawned by threats of an LNG worker strike and the sudden eruption of war in the Middle East, a key energy producing region. At A Glance: Front month gains 3.8 cents Global supply threats intensify…