Northeast

Meek Winter Demand Sees Natural Gas Forward Prices Continue to Deteriorate

Meek Winter Demand Sees Natural Gas Forward Prices Continue to Deteriorate

Exceptional warmth near-term and an enduring supply buffer kept the pressure on regional natural gas forward prices during the Feb. 1-7 trading period, according to NGI’s Forward Look. March fixed prices at benchmark Henry Hub dropped 13.6 cents to end at $1.976/MMBtu, setting the pace for coast-to-coast discounts at the front of the curve.  With…

February 9, 2024
Warmth Dominates into February as Natural Gas Forwards Retreat; Stronger Basis Out West

Warmth Dominates into February as Natural Gas Forwards Retreat; Stronger Basis Out West

Facing bearish weather headwinds into early February, regional natural gas forward prices generally drifted lower during the Jan. 18-24 trading period, NGI’s Forward Look data show. Amid a return to the unseasonably mild temperatures that dominated forecast maps prior to a mid-January Arctic cold blast, fixed prices at numerous hubs impacted by the deep freeze…

January 26, 2024
Transco, TGP Granted FERC Approvals for Natural Gas Expansions

Transco, TGP Granted FERC Approvals for Natural Gas Expansions

FERC on Thursday approved separate natural gas projects, including by Transcontinental Gas Pipe Line Co. LLC (Transco) and Tennessee Gas Pipeline Co. LLC (TGP), that would expand deliveries to the Gulf Coast and Northeast. Transco, a Williams subsidiary, received the green light for its Texas to Louisiana Energy Pathway to serve rising demand for LNG…

January 19, 2024
January Natural Gas Sinks Ahead of Wednesday Expiration, February Down on Bearish Fundamentals

January Natural Gas Sinks Ahead of Wednesday Expiration, February Down on Bearish Fundamentals

January Nymex natural gas futures tumbled in thin volume trade Tuesday, coming off the extended Christmas holiday weekend and ahead of the contract’s expiration at the close of business Wednesday. The more heavily traded February contract also stumbled as traders positioned in preparation for its move into the lead position. At A Glance: January futures…

December 26, 2023
Natural Gas Futures Open 2022 Higher as LNG Strength Outshines Mixed Weather Outlook

Natural Gas Futures Open 2022 Higher as LNG Strength Outshines Mixed Weather Outlook

Natural gas prices hovered in a narrow range of modest gains and losses early Monday before creeping upward and ultimately finishing comfortably in positive territory, as traders assessed a bearish tilt in the weather outlook against strong demand prospects for U.S. liquefied natural gas (LNG) exports. The February Nymex gas futures contract settled at $3.815,…

January 3, 2022
Markets ‘Very Nervous’ About Winter Natural Gas Price Surge

Markets ‘Very Nervous’ About Winter Natural Gas Price Surge

Colder than normal temperatures could trigger extreme upside volatility for natural gas prices this winter, according to industry experts. In a webinar Tuesday hosted by Refinitiv and NGI, a panel of experts said numerous factors have converged to create a far tighter market than what is normally seen at this time of year. “I traded…

September 22, 2021
EQT Reshaping Strategy for Era of ‘Sustainable Shale’

EQT Reshaping Strategy for Era of ‘Sustainable Shale’

EQT Corp. CEO Toby Rice said Thursday the largest natural gas producer in the United States is positioning itself for a “new era of sustainable shale,” further shaping its strategy to evolve into a lower carbon future.  “As the largest producer of natural gas in the U.S., we’re able to forge new paths and open…

July 29, 2021
Northeast Production, Storage Concerns Take Center Stage as Natural Gas Forward Prices Rally

Northeast Production, Storage Concerns Take Center Stage as Natural Gas Forward Prices Rally

Natural gas forward prices continued to fall at the front of the curve during the trading period ending Wednesday (July 14), pressured by inconsistent summer weather and fluctuating production. However, Northeast markets rebounded as another heat wave drove up regional demand, stalling a more pronounced rebuilding of storage inventories that is needed ahead of the…

July 16, 2021
EQT Enters Northeast Pennsylvania in $2.9B Deal for Alta’s Marcellus Assets

EQT Enters Northeast Pennsylvania in $2.9B Deal for Alta’s Marcellus Assets

EQT Corp. agreed Thursday to acquire Alta Resources Development LLC in a $2.9 billion deal that would add another 300,000 net Marcellus Shale acres and give it entry into Northeast Pennsylvania.  The nation’s largest natural gas producer said the acquisition would push its volumes to 5.6 Bcfe/d from 4.6 Bcfe/d. Once completed, the company would…

May 6, 2021
U.S. Adds 13 Rigs Amid Spring Surge in Oil Patch

U.S. Adds 13 Rigs Amid Spring Surge in Oil Patch

With activity ramping up on land and offshore, the U.S. rig count surged 13 units higher to 430 during the holiday-shortened week ended Thursday (April 1), according to data published by Baker Hughes Co. (BKR). As has often been the case recently, the increase in domestic drilling for the week was driven by the oil…

April 1, 2021
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