Posted

Little Gas Needed for Long Weekend; Futures Feel ‘Soft’

Physical gas prices overall for the extended holiday weekend fell 3 cents, with double-digit losses posted at California points and losses in place at eastern and Midwest locations as well. About two-dozen points scored gains. Futures prices eased as well, and at the close June had lost 2.4 cents to $4.237 and July was off 2.3 cents to $4.284. July crude oil fell 10 cents to $94.15/bbl.

May 28, 2013

Linn Finds Better Hog Shootin’ in Oklahoma

After drilling some disappointing wells targeting the Hogshooter interval of the Granite Wash in the Texas Panhandle, Linn Energy LLC is now concentrating its efforts on the Oklahoma Hogshooter, where the reservoir is seen to be of better quality with less variability, CEO Mark E. Ellis said Thursday.

April 29, 2013

Northeast Losses Obscure Overall Gains; Futures Notch New High

Cash natural gas prices overall declined an average of 2 cents Monday, but if the sharp declines posted at a handful of Northeast points are excluded, the overall market would have shown an average rise of 6 cents.

March 12, 2013

East, Northeast Weaken, But Futures Gain

Cash natural gas prices on average fell 4 cents for weekend and Monday deliveries in Friday’s trading. Gains were posted in the Midwest and Midcontinent as lingering cold was expected to keep temperatures below normal. Eastern and New England locations fell as forecasters predicted a warming trend. At the close of futures trading, April had risen 4.7 cents to $3.629 and May was up 4.6 cents to $3.673. April crude oil rose 39 cents to $91.95/bbl.

March 11, 2013

February Contract Settles Softly; Cash Continues Lower

Physical gas markets were led lower again by the super-sized declines posted at eastern and northeast locations. Overall, the market averaged a 33-cent decline, but if the multi-dollar losses on New England and eastern pipes are factored out, the average loss was just a nickel.

January 30, 2013

BLM Sets Aside Fracking Proposal to Make Revisions

A decision by the Department of Interior’s Bureau of Land Management (BLM) to set aside its original federal hydraulic fracturing (fracking) proposal has drawn plaudits from associations representing major oil and natural gas producers.

January 23, 2013

Latest EIA Data Giving Canadians Chills

In the austere language and statistics of formal economics, the United States Department of Energy has posted a vivid message to Canadian natural gas and oil exporters.

December 10, 2012

EIA Outlook Chills Alberta’s Finances

In the austere language and statistics of formal economics, the United States Department of Energy has posted a vivid message to Canadian natural gas and oil exporters.

December 10, 2012

Cash and Futures Wrestle Each Other Lower

Cash natural gas prices fell by a nickel on average Tuesday as a handful of multi-dollar gains posted on Northeast pipes were unable to offset a broad retreat at Great Lakes, eastern and most other locations, as well as a weak screen. At the close of trading January futures had given up 5.2 cents to $3.539 and February had eased 5.3 cents to $3.562. January crude oil fell 59 cents to $88.50/bbl.

December 5, 2012

Midwest Prices Soft as SoCal Gains; Futures Wobble to Mixed Close

Cash natural gas prices on average were unchanged Thursday with declines posted at Midwest points and gains at southern California and some eastern locations. The Energy Information Administration reported a build of 65 Bcf, somewhat less than what traders were expecting, but futures markets limped to an uninspired finish. At the close, December had gained 0.7 cent to $3.699 and January had shed 0.2 cent to $3.818. December crude oil gained 85 cents to $87.09/bbl.

November 2, 2012
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