natural gas production

Weekly natural gas cash prices powered upward, supporting the futures market in the process, amid bouts of chilly air and production interruptions in the prolific Permian Basin. NGI’s Weekly Spot Gas National Avg. for the Oct. 2-6 period jumped 25.5 cents to $2.405/MMBtu. At the close of the cash market trading week, big gainers included…

The bull parade barreling through the natural gas futures market extended to a fourth consecutive session on Friday, fueled by lighter production and amplified by warnings of a worker walkout at key LNG export facilities. At A Glance: Front month gains 17.2 cents Output hangs near 100 Bcf/d Northern weather is bullish Building on a…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Cenagas has announced an important open season on the Sistrangas pipeline network, of which it is operator. An open season is an…

Natural gas futures on Thursday powered forward for a third straight day, strengthening a burgeoning bull run after a relatively anemic storage injection and further pressure on production. The November Nymex gas futures contract spiked 20.4 cents day/day and settled at $3.166/MMBtu. December gained 19.1 cents to $3.511. NGI’s Spot Gas National Avg. shed 8.0…

A confluence of bearish supply and demand factors is expected to put slight downward pressure on U.S. natural gas prices this winter versus the last one, even with demand poised to hit record levels, according to the Natural Gas Supply Association (NGSA). The group, which represents both integrated and independent producers and marketers of gas,…

Denver-based Civitas Resources Inc. is taking on more upstream acreage in the Permian Basin. In a $2.1 billion transaction, Civitas signed an agreement with Vitol Inc. subsidiary Vencer Energy LLC to add some 44,000 net acres in the Midland Basin in West Texas. The assets have current production of 62,000 boe/d, with about half of…

Natural gas futures fell again Monday, extending losses from the prior week as forecasts pointed to more mild weather and LNG volumes continued to prove turbulent. The November Nymex gas futures contract settled at $2.840/MMBtu, down 8.9 cents day/day. December fell 7.9 cents to $3.233. At A Glance: Mild temperatures ahead Production ticks lower NGI…

The battle for $3.000/MMBtu natural gas is heating up, even if furnaces aren’t quite doing the same. After an initial drop to an intraday low of $2.855, the November Nymex gas futures contract bounced and ultimately settled only 1.6 cents lower on the day at $2.929. December futures slipped 2.8 cents to $3.312. At A…

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…