natural gas production

Natural gas futures continued to retreat sharply midweek in yet another display of the market being largely disengaged from fundamentals. After bouncing back to a $7.410 intraday high, the May Nymex gas futures contract settled Wednesday at $6.937/MMBtu, down 23.9 cents from Tuesday’s close. June futures slid 21.2 cents to $7.065. At A Glance: BREAKING:…

Natural gas futures continued to retreat sharply midweek in yet another display of the market being largely disengaged from fundamentals. After bouncing back to a $7.410 intraday high, the May Nymex gas futures contract settled Wednesday at $6.937/MMBtu, down 23.9 cents from Tuesday’s close. June futures slid 21.2 cents to $7.065. At A Glance: Talk…

In a major technical correction, and with a little help from fundamentals, natural gas futures plummeted more than 70.0 cents on Tuesday. After sinking below $7.000 early in the session, the May Nymex contract settled at $7.176/MMBtu. Spot gas prices also hit the brakes, despite the lingering effects of a Nor’easter that set records along…

Natural gas futures soared above $8.000/MMBtu in an explosive start to the work week. Fueled by stronger weather-led demand gains, recovering liquefied natural gas (LNG) feed gas deliveries and storage adequacy concerns, the May Nymex gas futures contract settled at $7.820, up 52.0 cents from Thursday’s close. June futures climbed 53.5 cents to $7.958. Spot…

Natural gas production is set to rise more than 700 MMcf/d from April to May on the strength of output growth from the Haynesville Shale, and from the Appalachian and Permian basins, updated projections from the Energy Information Administration (EIA) show. Modeling trends from seven key U.S. onshore producing regions, EIA said in its latest…

Chillier trending springtime forecasts over the weekend contributed further bullish momentum for rallying natural gas futures, which continued to advance in early trading Monday. The May Nymex contract was up 27.6 cents to $7.576/MMBtu at around 8:55 a.m. ET. Natural gas futures had finished off the short holiday week with another huge leap higher after…

Lower 48 oil and natural gas production is on the rise, particularly in the Permian Basin, but shortages of labor, materials and equipment will prevent a rapid supply response to current market tightness, according to experts. The Biden administration has called on U.S. producers to ramp up supply in order to lower gasoline prices and…

American Noble Gas Inc. has agreed to acquire a 40% participation in a farmout agreement with an unspecified operator in the Hugoton natural gas field in Haskell and Finney Counties, KS. The Kansas-headquartered independent exploration and production (E&P) company would join three other partners to explore for and develop oil and gas and brine reserves…

North American natural gas futures continued to push higher last week as production and storage worries combined with strong global demand pushed futures prices over $7.00/MMbtu. That’s four straight weeks of rising natural gas prices as energy markets remain in turmoil following Russia’s unprovoked invasion of Ukraine. On Wednesday, the New York Mercantile Exchange prompt-month…