The American Petroleum Institute (API) reported this week that the estimated total number of oil and natural gas wells drilled and completed during the second quarter increased 62% from the year-ago quarter.
Report
Articles from Report
NatGas Futures, Cash Inch Lower; Storage Receives Bearish Injection News
Physical natural gas for delivery Friday slipped lower in Thursday’s trading, with robust losses in the Northeast as well as softness in Appalachia and the Midwest offsetting modest strength in the Midcontinent, California, and the Rockies. The NGINational Spot Gas Average fell 1 cent to $2.92.
May 25, 2017
Democratic Senator Again Questions EPA’s Pruitt About Devon Ties
Citing a report that Obama-era environmental enforcement against Devon Energy Corp. could be rolled back, a high-ranking Senate Democrat is once again questioning Environmental Protection Agency (EPA) Administrator Scott Pruitt over his ties to the Oklahoma City-based operator.
May 24, 2017
Choppy Price Action Seen Continuing; June Called 4 Cents Lower
June natural gas is set to open 4 cents lower Tuesday morning at $3.31 as weather forecasts offer little in the way of price guidance, yet traders see the ongoing price advance intact for the moment. Overnight oil markets rose.
May 16, 2017
Trading Still Rangebound, Choppy; June Called 6 Cents Lower
June natural gas is expected to open 6 cents lower Monday morning at $3.21 as weather forecasts offer little in the way of substantive change and risk managers look for a spot to initiate short hedges. Overnight oil markets were narrowly mixed.
May 8, 2017
Weather, Storage Discounted; May Seen A Penny Higher
May natural gas is expected to open a penny higher Thursday morning at $3.20 before release of a government inventory report curiously expected to show additions well above historical norms. Overnight oil markets rose.
April 20, 2017
Bulls Unfazed by Mild Weather, Stout Storage Predictions; May Called 4 Cents Higher
May natural gas is set to open 4 cents higher Wednesday morning at $3.19 as traders discount not only mild weather patterns but also expected plump storage figures. Overnight oil markets weakened.
April 19, 2017
Traders See ‘Snoozer’ Storage Report; May Called 2 Cents Lower
May natural gas is expected to open 2 cents lower Thursday morning at $3.17 as neither expected near-term weather or anticipated government inventory figures give much incentive to make incremental purchases. Overnight oil markets rose.
April 13, 2017
Panel Urges Canada to Turn Toward More Environmental Regulation
A national government inquiry is urging Canada to steer in the opposite direction of the United States by expanding environmental regulation of natural gas, oil, pipeline, mining and public works projects.
April 7, 2017
Little Change In Weather Models; April Called Flat
April natural gas is set to open unchanged Friday morning at $2.90 as traders could find little change in near-term weather outlooks. Overnight oil markets rose.
March 17, 2017
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