natural gas production

Natural gas futures seesawed in and out of the green on Friday as traders weighed soaring global prices and the specter of light supplies for the coming winter against relatively benign near-term weather patterns. The September Nymex gas futures contract ultimately settled at $9.296/MMBtu, down 7.9 cents day/day. October shed 7.5 cents and closed at…

The U.S. natural gas rig count fell one unit to 158 for the week ended Friday (Aug. 26), while a round of gains in the oil patch lifted the combined domestic drilling tally three units higher to 765, according to the latest data from oilfield services provider Baker Hughes Co. (BKR). Week/week changes domestically included…

Natural gas futures were unusually quiet on Thursday, bobbing in and out of positive territory as the latest government inventory data offered no surprises and moved the needle only slightly on storage deficits. The September Nymex gas futures settled at $9.375/MMBtu, up 4.5 cents from Wednesday’s close. October futures ticked up 4.4 cents to $9.344.…

Natural gas prices are set to remain strong for September baseload gas amid domestic supply concerns and surging global prices ahead of the peak winter season, NGI’s Bidweek Alert (BWA) data showed. The majority of U.S. locations escaped wild swings month/month, but the hikes to already elevated prices are noteworthy given moderating weather across much…

Click here to listen to the latest episode of NGI’s Hub & Flow, as NGI’s Patrick Rau, director of strategy and research, discusses the structural changes in the U.S. natural gas market. Rau takes a deep dive into the massive upheaval in the markets from tight supply/demand fundamentals, international developments and policy changes in the…

The Freeport LNG facility in Texas once again rocked North American natural gas markets this week with news that its 2 Bcf/d restart would be delayed by a few weeks. North American futures prices crumbled on the news on Tuesday, before regaining some ground on Wednesday amid higher power demand. The September New York Mercantile…

After some back and forth early in Wednesday’s trading session, natural gas futures landed in the green amid a continued pull on gas for power generation. Aided by continued supply worries in Europe that have fueled record gas prices on the continent, the September Nymex gas futures contract settled at $9.330/MMBtu, up 13.7 cents from…

Recent Permian Basin natural gas pipeline marketing deals will reduce Callon Petroleum Corp.’s reliance on Waha Hub pricing, management of the Texas-focused independent said earlier this month. “These transactions will increase our pricing exposure to Gulf Coast gas pricing and provide additional flow assurance benefits,” CEO Joe Gatto told analysts during the second quarter earnings…

Mexico’s natural gas production averaged 4.1 Bcf/d in July, up from 4.04 Bcf/d in June and 3.86 Bcf/d in July 2021, according to the latest figures from upstream regulator Comisión Nacional de Hidrocarburos (CNH). The figure represents the third straight sequential increase for monthly gas output in the country. State oil company Petróleos Mexicanos (Pemex)…