Recovered

Specs, Commercials Show Buying Interest, Yet July Softens

July futures recovered from an opening loss but still couldn’t manage to make it into positive territory Wednesday. Bulls and bears seem almost evenly divided, but short-term traders did note a return of commercial buying interest. At the close July had eased 0.4 cent to $4.577 and August fell 0.2 cent to $4.611. July crude oil tumbled $4.56 to $94.81/bbl.

June 16, 2011

U.S. Shale Reshaping Global Gas Market, Says BP

The United States in 2010 continued to lead the world in natural gas production, boosted by massive shale deposits, according to the latest statistical review by BP plc.

June 9, 2011

Lower 48 Gas Output Bounces Back from February Lows

Natural gas production in the Lower 48 states recovered in March from the weather-induced decrease seen in the previous month (see NGI, May 9), increasing 3.8% (2.49 Bcf/d) to 68 Bcf/d from 65.51 Bcf/d in February, according to the Energy Information Administration’s (EIA) monthly natural gas report.

June 6, 2011

Lower 48 Production Bounces Back from February Lows

Production in the Lower 48 states recovered in March from the weather-induced decrease seen in the previous month (see Daily GPI, May 4), increasing 3.8% (2.49 Bcf/d) to 68 Bcf/d from 65.51 Bcf/d in February, according to the Energy Information Administration’s (EIA) monthly natural gas report.

June 1, 2011

Mixed Price Movement Mostly Close to Flat

Despite modestly weaker futures guidance (down 2.6 cents on the previous Friday), the cash market recovered to a large extent Monday from major softness late last week. Gains highly dominated numbers that seldom varied more than a few pennies up or down from unchanged.

May 10, 2011

Traders See Retest of $4.00, Yet May Advances

Thanks in part to some kind words for the commodity from the President of the United States, May natural gas futures recovered a hefty chunk of Tuesday’s losses Wednesday as traders sensed a surge past recent highs. However, the move fell short as May added 9.2 cents to $4.355 and June added 9.1 cents to $4.426. May crude oil retreated 52 cents to $104.27/bbl.

March 31, 2011

Statoil Agrees to More Midstream Services in Marcellus

A U.S. subsidiary of Norway’s Statoil ASA has finalized an agreement to increase the availability of natural gas midstream services in the Marcellus Shale of northern West Virginia.

March 10, 2011

Talisman Fined for Spill at Marcellus Well Pad

A U.S. subsidiary of Calgary-based Talisman Energy Inc. has been fined by Pennsylvania regulators for a large diesel fuel spill that occurred last year at a Marcellus Shale natural gas well pad.

January 10, 2011

Most Points Rally to Partially Atone for Friday Dives

Still-moderate weather fundamentals for the most part didn’t seem to offer any rationale, but prices recovered some lost ground at all points Monday following an extremely weak weekend market. Without any new developments from previously mostly mild to cool weather, it seemed that at least a bit of “storm hype” must have crossed traders’ minds.

October 12, 2010

Quest Resource Recovers Some Cash, Assets from Former CEO

Quest Resource Corp. and Quest Energy Partners LP said Tuesday they have recovered $2.4 million in cash, some stock in a separate corporation and interest in two natural gas assets as settlement following an internal investigation of former CEO Jerry Cash.

May 27, 2009