natural gas production

Domestic crude production ticked lower last week along with demand, the U.S. Energy Information Administration (EIA) said Wednesday. The latest government snapshot followed President Biden’s assertion this week that energy majors are keeping a lid on output in order to maintain high oil and natural gas prices to bolster profits. Biden on Monday floated a…

Colder shifts in weather forecasts for mid-November outweighed the potential for increased storage injections, propelling natural gas futures on Monday. After losing ground to close out last week, the December Nymex gas futures contract climbed 67.1 cents day/day and settled at $6.355/MMBtu. January gained 65.4 cents to $6.607. NGI’s Spot Gas National Avg. rose 4.0…

Following steep selloffs through most of October, bargain-hungry traders dived back into the spot market in the past week, but it was not enough to offset steep losses in West Texas, and weekly cash prices fell as a result. NGI’s Weekly Spot Gas National Avg. for the Oct. 24-28 period lost 50.0 cents to $4.485.…

The December natural gas futures contract on Friday floundered in its first session as the prompt month amid light demand, strong production and forecasts for plump storage injections. At A Glance: Production holds strong Weather demand wanes Storage levels strengthen December Nymex gas futures settled at $5.684, down 19.1 cents day/day. January fell 18.3 cents…

Prompt month natural gas futures limped into expiration on Thursday, as traders weighed a light storage print against benign near-term weather and expectations for a return to relatively stout injections in coming weeks. The November Nymex gas futures contract shed 42.0 cents day/day and settled at $5.186 before rolling off the board. The December contract,…

Supply chain issues, midstream constraints and adverse weather combined to curb EQT Corp.’s third quarter natural gas output and are likely to impact the company’s operations through the middle of next year, management said Thursday. “These third-party constraints, along with water restrictions due to drought conditions in parts of the [Appalachian] basin, negatively impacted our…

Natural gas futures on Tuesday advanced a second-straight session amid calls for colder weather patterns, production interruptions and the looming expiration of the prompt month contract. After a steep sell-off last week, traders also stepped back into the market to buy gas at a discount ahead of winter. At A Glance: BREAKING: U.S. EIA reports…

Natural gas futures on Tuesday advanced a second-straight session amid calls for colder weather patterns, production interruptions and the looming expiration of the prompt month contract. After a steep sell-off last week, traders also stepped back into the market to buy gas at a discount ahead of winter. Following a 24.0-cent rally in the previous…

Range Resources Corp. is “in the best position in the company’s history” amid a tightly supplied global natural gas market, CEO Jeff Ventura said Tuesday. Fort Worth, TX-based Range is among the country’s largest natural gas producers, with nearly one million net acres in Pennsylvania targeting the Marcellus, Utica and Upper Devonian shale formations. “As…