What Market Decline? Natgas Down Less Than a Cent

Natural gas futures remained an uncharacteristic beacon of stability and suffered only a modest setback as other markets cascaded lower in volatile trading. At the close September natural gas had retreated 0.6 cent to $3.935 and October gave up just 0.5 cent to $3.957. November through June 2012 posted modest gains. By contrast the Dow Jones Industrial Average fell 635 points to 10,810 and September crude oil tumbled $5.57 to $81.31/bbl. Gold rose $70 to $1,722/oz, a record, and the yield on 10-year treasuries zoomed 20 basis points to 2.37%, the highest one-day move since May 2009.

August 9, 2011

Gulf Coast, Midcontinent, Rockies Softest in Mixed Price Moves

Following the previous Friday’s sizeable drops, the market was definitely stronger Monday but remained a bit soft for the most part. Although warmer temperatures are forecast for Tuesday in some sections of the Midwest, stormy weather is expected to cool most of the region by midweek, and although it will remain generally hot, some parts of the South can also expect a slight dip in mercury levels.

June 21, 2011

Some EXCO Production Shut In Following Plant Incident

As of Monday 10-20 MMcf/d of EXCO Resources Inc. net production remained shut in pending space availability on alternate pipeline routes or resumption of treating operations at TGGT Holdings LLC plants following a May 28 incident that prompted the shutdown of the two plants, the company said.

June 7, 2011

Price Slide Gets Steeper, Expands to All Points

Price drops got larger and occurred across the board Thursday after several instances of firmness had remained a day earlier. An ongoing moderation of temperatures in northern market areas combined with a prior-day dip of 9.3 cents by prompt-month futures to further the cash market weakness.

May 6, 2011

Again: Northeast Soars as Most Points Shrug Off Cold

Although there are quite a few parts of North America as cold as or colder than the Northeast, that region remained the only one where major heating load was having a substantive impact on prices. At nearly all other locations moderate softness was returning Tuesday.

January 12, 2011

Actions, Answers Sought in PG&E Pipeline Blast

A week after the natural gas transmission pipeline tragedy in the San Francisco Bay Area, gas remained a headline-maker whether it involved speculation on city sewer work somehow contributing to the explosion and fire, or lawmakers proposing safeguards. Routine gas utility distribution pipeline breaks and reports of gas odors were being tracked as potential major events.

September 20, 2010

As Smoke Clears Investigators Look for Cause of PG&E Pipe Blast

More than a week after an exploding natural gas pipeline ripped through a residential neighborhood in the San Francisco Bay Area, natural gas remained a headline-grabber, involving speculation about city sewer work and oil liquids in the pipeline somehow contributing to the explosion and fire, not to mention various politicians proposing new safety measures. With the heightened attention, routine gas utility distribution pipeline breaks and reports of gas odors were being elevated to the status of potential major news events.

September 20, 2010

Midcontinent, West Lead Small Gains in Near-Flat Market

Moderately cool remained the weather watchwords for most of the U.S. and Canada, yet even with a second preceding day of futures weakness cash prices continued to stave off any substantive declines Thursday.

September 10, 2010

Prices Still Show Some Resilience Despite Moderate Weather

Cash numbers continued to defy seasonable to cool weather in many regions for the most part as flat to slightly higher prices remained the norm for a second day Wednesday. The previous day’s loss of 8.7 cents by October futures also had limited impact in dampening the market.

September 9, 2010

Modest Softness Continues in Most of Market

Price changes continued to be mixed for a second straight day Tuesday, but slight downturns remained slightly dominant. A small retreat of high temperatures coming Wednesday in parts of the South, along with mild forecasts for the Northeast, Midwest/Midcontinent and Rockies, were abetted by the previous day’s decline of about a nickel by September futures in sending a small majority of cash points lower.

August 25, 2010