Point

Northeast Leads Drops at Nearly All Points

It failed to surprise any traders when prices fell at all but one point Friday. Despite cooling trends in the Midwest and South, moderation dominated the general weather outlook; the latest storage withdrawal report reinforced the perception of plentiful inventories (especially when the Producing region had an unusually early net injection); prompt-month futures had fallen 4 cents on the previous day; and the decline of industrial load during a weekend was a minor bearish factor as usual.

March 7, 2011

Barnett Gets Texas Lawmakers’ Attention

Texas lawmakers are not yet into the meat of their current legislative session, but as with the last session two years ago, the Barnett Shale seems to be drawing the most attention, at least judging by potential legislation, Texas Independent Producers and Royalty Owners Association (TIPRO) President Justin Furnace told NGI’s Shale Daily.

February 1, 2011

More Unconventional Acquisitions Possible, Says Chevron CEO

Chevron Corp. could make a bigger push into U.S. unconventional plays once the acquisition of shale operator Atlas Energy Inc. is completed, CEO John Watson said Friday.

January 31, 2011

Futures Continue Sideways Chop as Weather Remains King

While much of the East Coast was still digging out from Sunday’s blizzard, as evidenced by some cash point averages jumping several dollars for Tuesday delivery, natural gas futures traders on Monday were focusing on the future, which is why the January contract — a day ahead of expiration — dipped below $4 for the third time in two weeks before rallying to close at $4.112, up 2.9 cents from last Thursday’s finish.

December 28, 2010

Cold Forecasts Fail to Avert Overall Price Dips

Icy weather forecasts for Thursday extending into parts of the South didn’t seem to impress the cash market Wednesday as it recorded losses at all but one point (a flat Sumas), including multi-dollar declines at some Northeast points that had continued to soar a day earlier, and a whopping $11-plus plummet at the Florida citygate.

December 16, 2010

Pennsylvania Victory for Republicans: Governor and Legislature

Victory for Republican candidate Tom Corbett in the race for governor of Pennsylvania and a Republican-led legislature may be the death knell for a natural gas severance tax in the state — or not.

November 4, 2010

Oil/Gas Drilling Technology Helps Geothermal Power

Geothermal technology advances are in the works with some of them coming as an offshoot of oil/gas drilling advancements, and this renewable resource sector is on the verge of a big job creation spurt as a result, according to a report released Friday by the Geothermal Energy Association (GEA) at the start of its annual trade expo in Sacramento, CA.

October 25, 2010

Prices Can’t Sustain Largely-Unsupported Firmness

After maintaining a facade of firmness for most of the week in the face of generally weak fundamental influences, the cash market fell at all but one point Friday, finally succumbing to the reality of little weather-based load, an ongoing lack of any tropical storm threats to offshore production, abundant storage inventories and a prior-day futures decline.

October 18, 2010

Shale Revolution Upsets Status Quo, Says Devon Chief

Larry Nichols, who now chairs Devon Energy Corp., stood “on top of the Fort Worth Basin” last Tuesday and recalled the turning point for his company — and the global natural gas industry.

October 11, 2010

Shale Revolution Upsets Status Quo, Says Devon Chief

Larry Nichols, who now chairs Devon Energy Corp., stood “on top of the Fort Worth Basin” on Tuesday and recalled the turning point for his company — and the global natural gas industry.

October 7, 2010