The contraction in the Texas upstream oil and gas economy passed the two-year mark in November, according to the Texas Petro Index (TPI), a barometer of industry health in the Lone Star State.
November
Articles from November
NatGas Still Second Chair to Crude in Rig Return
Overall, 27 U.S. land-based rigs came back to play, lifting that tally to 601 for the week ending Friday, which is creeping back to the year-ago level of 684 active. But only six of them were natural gas rigs, according to the latest Baker Hughes Inc. data.
December 9, 2016
Market Can’t Ignore Mild Temps, Record Storage; November NatGas Forwards Erase Prior Week’s Gains
Natural gas forwards markets wiped out last week’s gains, plunging some 16 cents on average between Oct. 14 and 20, as the market continues to wait for cold weather to arrive and grapples with record storage inventories.
October 21, 2016
Traders Mull Ongoing Storage Surplus; November Seen 6 Cents Higher
November natural gas is set to open 6 cents higher Tuesday morning as traders focus on the continuing dynamic of storage surplus contraction. Overnight oil markets rose.
October 18, 2016
Oil, NatGas Production, DUCs in Big Seven Plays Still Declining, EIA Says
Oil and natural gas production from the nation’s seven largest unconventional plays, as well as the number of drilled but uncompleted (DUC) wells in them is expected to decrease slightly in November, according to data from the Energy Information Administration (EIA).
October 17, 2016
Plump Storage Build On Tap; November Called 2 Cents Lower
November natural gas is set to open 2 cents lower Thursday morning at $3.19 as traders expect storage data to show a greater increase than popular surveys. Overnight oil markets were narrowly mixed.
October 13, 2016
Downside Risk Looming; November Called 3 Cents Lower
November natural gas is set to open 3 cents lower Tuesday morning as traders see a market overextended to the upside given current fundamental factors. Overnight oil markets retreated.
October 11, 2016
November Sinks Under $3 as Shoulder Season Gets Under Way
It’s no surprise that natural gas couldn’t sustain $3 as the shoulder season got into full swing this week, with November forward prices averaging 7.3 cents lower at $2.74 between Sept. 23 and 29, according to NGI’s Forward Look.
September 30, 2016
Shoulder Season Takes Hold as November NatGas Forward Prices Slip Below $3
It’s no surprise that natural gas couldn’t sustain $3 as the shoulder season got into full swing this week, with November forward prices averaging 7.3 cents lower at $2.74 between Sept. 23 and 29, according to NGI’s Forward Look.
September 30, 2016
Full Service on Tetco’s Penn-Jersey System Possibly Out Until November
Full service on Texas Eastern Transmission’s (Tetco) Penn-Jersey pipeline system, which runs from Delmont, PA, to Lambertville, NJ, might not be restored until November after an April explosion and fire on a portion of the system in Westmoreland County, PA, has its owners concerned about safety.
June 29, 2016
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