Texas Lawmaker Introduces Barnett Shale Legislation

Texas State Sen. Wendy Davis (D-Fort Worth) has filed several natural gas-related bills to potentially be considered during the 82nd session of the Texas Legislature, which begins Jan. 11.

November 18, 2010

Futures Push Above $4.20 Despite Gas Aplenty

Following its close above $4 on Monday, the December natural gas futures contract continued to march higher on Tuesday to a peak of $4.228 before closing the regular session at $4.210, up 12.2 cents on the day.

November 10, 2010

Futures Continue to Rise Despite Fundamentals

December natural gas futures traded in a tight 10-cent range on Friday before closing the regular session at $3.937, up 8.1 cents from Thursday’s finish but 10.1 cents lower than the previous week’s close.

November 8, 2010

Directionality Uncertain as Futures Trade Sideways

Following the ups and downs of the last few regular trading sessions, natural gas futures traders highlighted the uncertainty on direction in the market on Tuesday as the December contract traded in a nearly 20-cent range between $3.750 and $3.928 before closing at $3.870, up 3.8 cents from Monday’s finish.

November 3, 2010

Rally Runs Its Course as Futures Drop 20 Cents

Natural gas futures traders put the brakes on last week’s late rally as the December contract on Monday recorded a low of $3.825 before closing out the regular session at $3.832, down 20.6 cents from Friday’s finish.

November 2, 2010

Shale Prices Fall Along with Overall Market

Even with three days of flat to much stronger pricing Monday through Wednesday, only Marcellus Shale numbers in northeast Pennsylvania were able to eke out a small gain during the week ending Thursday. Other plays fell 6-12 cents during that period.

October 29, 2010

Futures Inch Higher as Bottoming Pattern Debated

Taking a break from notching new 13-month lows, November natural gas futures on Tuesday — one day ahead of expiration — recorded a low of $3.263 before closing the regular session at $3.354, up 3.7 cents from Monday’s finish.

October 27, 2010

Futures Higher Despite Expectations of Another Robust Storage Add

After trading in a range between $3.507 and $3.613 during Wednesday’s regular trading session, November natural gas futures ended up adding 2.6 cents to Tuesday’s rally to close Wednesday at $3.539.

October 21, 2010

Futures Direction Debated as October Tests $4

The October natural gas futures contract strung together its third consecutive higher regular session close on Tuesday after testing resistance at the $4 price level. The prompt month reached a high of $4.020 before closing the day at $3.966, up 2.8 cents from Monday’s finish.

September 15, 2010

Futures Rally a Dime, But Questions of a Bottom Appear Premature

Following the September contract’s 11.3% decline in values last week, the October contract, in its first regular session action as the front month, rebounded on Monday to close at $3.812, up 10.7 cents or 3% from Friday’s close.

August 31, 2010