October

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 natural gas is expected to open a penny higher Thursday morning at $3.07 as season-ending supplies equal to last year seem to be slipping away. Overnight oil markets rose.

October natural gas is expected to open 6 cents higher at $2.86 as weather forecasts through the end of the month remain moderately supportive. Overnight oil markets fell.

October natural gas is set to open unchanged Friday morning at $2.81 as traders balance the effects of Thursday’s lean storage build with an anticipated moderation in weather patterns. Overnight oil markets sank.

October natural gas is set to open 3 cents higher Tuesday morning at $2.93 although observers note a less than supportive trading landscape going forward. Overnight oil markets were mixed.

Domestic dry natural gas production and consumption, which reached record highs several times in 2015, again soared into uncharted territory in October, according to the Energy Information Administration (EIA).

Natural gas strengthened its hold on the top spot for domestic power generation in October, according to the latest figures published last week by the Energy Information Administration (EIA).

Oil-rich production is holding steady in North Dakota, but the rig count and well completions have continued to decline, which may pressure the state’s struggling producers through at least the first half of 2016, Department of Mineral Resources (DMR) Director Lynn Helms said Wednesday.

October natural gas is set to open 2 cents higher Tuesday morning at $2.59 as traders look to exit existing short holdings and at the same time study the possibility of a triple-digit storage build report to come on Thursday. Overnight oil markets fell.