Anadarko Pulling Back in U.S. Onshore, With Capex Reduced by Half

Anadarko Petroleum Corp. is reducing its capital spending plans by almost half this year, but volumes still could be up to 4% higher, led in the United States by conventional production in the deepwater Gulf of Mexico and continued strength from the Wattenberg field in Colorado and Permian Basin, despite lower planned activity.

February 2, 2016

Unmanageable’ Natural Gas Inventory Level Putting More Pressure on 2016 Prices

The traditional call on natural gas held in storage has been threatened by warm winter weather to date and could lead to an “unmanageable level of inventories” by the end of the injection season, increasing physical congestion through 2016, BNP Paribas’ director of commodities strategy said Tuesday. Moody’s Investors Service also sharply reduced its U.S. gas price assumptions.

December 16, 2015

NatGas Market Not Yet Stable, Says Analyst; January Retreats Another 3 Cents

Physical natural gas for Thursday delivery advanced Wednesday as gains in the Midwest, Midcontinent and the East were able to tug slower performing regions such as California higher. The NGI National Daily Spot Gas Average rose 7 cents to $1.74, but futures were not as fortunate, posting their sixth loss in a row aided and abetted by forecasts of ever warming temperatures.

December 16, 2015

New Weather Data? New Moderation; January Called Down 4 Cents

January natural gas is expected to open 4 cents lower Tuesday morning at $1.85 as forecasters scouring recent weather data discover another episode of moderating temperatures. Overnight oil markets were mixed.

December 15, 2015

NatGas Supply Possibly Priced Out of Market Without Rebalance, Says BNP Analyst

Unseasonably warm winter weather to date has reduced the traditional call on natural gas held in storage, which may lead to an “unmanageable level of inventories” by the end of the injection season and increase physical congestion through 2016, BNP Paribas’ director of commodities strategy said Tuesday. Moody’s Investors Service also has sharply reduced its price assumptions for U.S. gas.

December 15, 2015

Natural Gas Oversupply Likely to Continue into 2017, Say Analysts

The chances that natural gas prices will move higher before 2017 are becoming less likely as mild temperatures this winter and more efficient wells stymie supply reductions, analysts said last week.

December 14, 2015

Soft East, Rockies, and California Nudge Weekly NatGas Trading Into The Red

While most natural gas market points for the week ended Dec. 4 managed to show gains, a relatively small number in the Rockies, Northeast,andCalifornia registered losses and pulled the national average barely into the loss column. The NGI Weekly Spot GasAverageshed 2 cents to $2.07.

December 4, 2015

Friday The 13th: Worst Winter NatGas Price Outlook Since 2012

Natural gas bulls will likely stay penned up this winter ifNGI’s Forward Look data are to be believed. In the worst winter natural gas price outlook since 2012, the balance of winter forward curve pricing for Algonquin Citygate — a good barometer of Northeastern pricing — looks awfully flat, with price projections less than half of what they were a year ago.

November 13, 2015

Gas Buyers Enjoy Plentiful Supplies, Low Prices, But…

For large buyers of natural gas, these days “the living is easy” with plentiful supplies and sustained low prices, but the current environment also comes with operating challenges from externalities facing local gas and electric distribution companies, a panel of gas buyers said Wednesday at the final session of the LDC Gas Forum Rockies & the West in Los Angeles.

October 9, 2015

S&P Cuts Henry Hub Price Outlook With Shift to Appalachia, Lower Marginal Costs

Standard & Poor’s Ratings Services (S&P) analysts on Thursday revised lower the firm’s price assumptions for crude oil and Henry Hub natural gas to reflect the shift in near-term futures price curves and a projection that marginal production costs would be lower because of improved drilling efficiencies by exploration and production companies.

September 24, 2015
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