natural gas production

The December natural gas futures contract opened its front-month campaign with a whimper, hampered by warming trends in weather forecasts, profit-taking and expectations for one more stout storage increase. At A Glance: Futures shed 13.1 cents Forecasts trend warmer NGI models 82 Bcf build Coming off solid gains over the course of the prior week,…

BP plc’s long-term vision remains focused on transitioning to net-zero emissions, but the value of the natural gas and oil portfolio is key for near-term success, interim chief Murray Auchincloss said Tuesday. Auchincloss, formerly the longtime CFO, took the reins in September following the resignation of Bernard Looney. During a conference call to discuss third…

Following a summer in which robust production helped loosen supply/demand balances, U.S. natural gas consumers are expected to see lower and more stable prices this winter, according to the American Gas Association (AGA). In its Winter Heating Outlook 2023, published Monday, AGA said home heating prices are expected to decline by an average of 21%…

Natural gas futures rallied again Thursday, gaining ground a fourth time this week as government inventory data signaled that gradually emerging heating demand and stronger LNG volumes are offsetting robust production – with winter looming. At A Glance: EIA prints 74 Bcf storage injection Production holds below 102 Bcf/d November contract expires Friday The November…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 74 Bcf natural gas into storage for the week ended Oct. 20. The result came in shy of expectations and bolstered Nymex natural gas futures. The Nymex November futures contract was up 1.6 cents at $3.026/MMBtu in early trading and held mostly unchanged…

Dallas-based Matador Resources Co., which works in the Permian Basin, Haynesville and Eagle Ford shales, achieved record results during the third quarter, with natural gas production up 28% from a year ago and 6% higher sequentially.  The stronger output came in part following the takeover earlier this year of Permian producer Advance Energy Partners Holdings…

Natural gas futures mounted momentum Tuesday and posted a second-straight gain, as forecasts pointed to frigid northern weather and production estimates pulled back sharply. At A Glance: Output estimates decline Models show fresh chills LNG activity holds steady The November Nymex gas futures contract settled at $2.971/MMBtu, up 4.5 cents day/day.  NGI’s Spot Gas National…

Denver-based Liberty Energy Inc., the leading completions expert in the Lower 48, is expecting the usual “seasonal softness” during the fourth quarter, punctuated by winter weather and the holidays, but stronger natural gas and oil prices should lift activity into 2024, CEO Chris Wright said Thursday. Speaking with energy analysts about the third quarter performance,…

Utilities injected 97 Bcf of natural gas into storage for the week ended Oct. 13, bolstered by a big boost in South Central supplies, the U.S. Energy Information Administration (EIA) reported on Thursday. The result proved bearish versus expectations and recent norms – an 85 Bcf five-year average increase – and drove down Nymex natural…