Southern California Leads Broad Decline; Futures Take Double-Digit Hit

Cash natural gas prices fell 4 cents overall as traders elected to get their deals done ahead of the Energy Information Administration’s (EIA) weekly storage report.

May 17, 2013

New England, California Lead Modest Advance; Futures Squeak Higher

Cash natural gas prices rose 3 cents overall Monday, with gains paced by strong Northeast points undergoing pipeline outages, and higher points in California. Other major market centers were mixed. Futures prices waffled throughout the day, but managed a positive finish, with June ending up 1.5 cents to $3.925 and July adding 1.1 cents to $3.971. June crude oil fell 87 cents to $95.17/bbl.

May 14, 2013

Eastern Points Gain A Couple Pennies In Dull Trading; Futures Ease

Cash natural gas prices eased lower overall by a couple of pennies in featureless trading Monday. New England and eastern points were a couple of pennies higher, but Great Lakes locations were mixed, with changes within a couple of pennies of unchanged.

May 7, 2013

Physical Prices Dive; Futures Hold Above $4

Spots cash prices played catch-up with the screen in Friday’s trading. The average overall loss was 34 cents, and all actively traded points endured declines in the 30-cent area. Traders see the highs for the year in place and see mounting fundamental pressure on prices in the spring and summer. At the close of futures trading, June had risen 1.6 cents to $4.041 and July also had gained 1.6 cents to $4.093. June crude oil, aided by a supportive employment report, gained $1.62 to $95.61/bbl.

May 6, 2013

Bill Would Remove Industry From Colorado Oil and Gas Commission

With the legislature looking at adjournment May 8, a bill (HB 1269) that would restrict oil and natural gas representation and participation on the Colorado Oil and Gas Conservation Commission (OGCC) passed out of committee on a partisan 3-2 vote late Monday night, worrying industry backers.

May 2, 2013

Spring Cold Prompts Midwest Gains, Yet Futures Regroup

Natural gas cash prices made a mid-spring advance of 4 cents overall Tuesday as a forecast influx of winter-like cold and snow was expected to pummel the nation’s midsection. The largest price increases were seen in the Midwest and Midcontinent, and California and the Gulf also registered gains. New England was flat to lower, and eastern prices made a nominal advance. At the close of futures trading, June had eased 4.9 cents to $4.343 and July was off 4.7 cents to $4.394. June crude oil fell $1.04 to $93.46/bbl.

May 1, 2013

Broad Weakness Counters Firm Northeast; Futures Take Third Loss

Natural gas cash prices overall fell 4 cents in Wednesday’s trading as strength at eastern and northeast points was unable to offset slumping quotes at major market hubs and West Coast locations. Losses were widespread and only a few points managed to make it onto the positive side of the trading ledger. At the close of futures trading, May had fallen 7.2 cents to $4.166 and June was down 7.5 cents to $4.203. June crude oil added $2.25 to $91.43/bbl.

April 25, 2013

Cash Holds Firm; Futures Shoot Higher On Storage Data

Cash prices added less than a penny overall in Thursday’s trading as traders got their deals done ahead of the release of government inventory figures.

April 19, 2013
North Dakota Sets More Records in February

North Dakota Sets More Records in February

Although overall month-over-month totals were down, production rates set all-time high marks for oil and natural gas in February in North Dakota, state officials reported Tuesday.

April 18, 2013
North Dakota Oil/Gas Bills Hot and Cold

North Dakota Oil/Gas Bills Hot and Cold

Proposed energy bills in the North Dakota legislature continue to hold the spotlight as state lawmakers move closer to their scheduled May adjournment. At least one proposal that could have had a negative impact on oil/natural gas operators was defeated last Friday.

April 17, 2013