Natural gas production in the Rockies, like the country overall, is at vigorous levels this fall even as demand from western markets eases. The result: stout supplies in storage and soft prices. Mountain region inventories were 23.5% higher than the five-year average as of Nov. 24, the most recent storage update from the Energy Information…
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AGA Identifies Low-Carbon Natural Gas Supply, Infrastructure as Part of the Path Forward
The right incentives could allow natural gas utilities to use existing infrastructure to advance low-carbon fuels and fight climate change, according to a study commissioned by the American Gas Association (AGA). AGA consulted Concentric Energy in discovering key regulatory frameworks that would encourage the production of low carbon products. “This study leaves no doubt that…
February 27, 2023
Natural Gas Futures Drop as Arctic Cold Forecast to Diminish; Cash Prices Climb
Natural gas futures flopped a second consecutive trading day as the weather outlook for later this month and early next pointed to milder conditions and easing demand. The January Nymex gas futures contract settled at $5.851/MMBtu on Monday, down 74.9 cents day/day. February fell 59.3 cents to $5.710. At A Glance: Forecasts for soft start…
December 19, 2022
Higher Natural Gas Price Needed to Spur Midcontinent, Rockies Drilling Uptick, say Executives
Energy firms across the Midcontinent and Rocky Mountain region said they needed a 21% sequential increase in the average natural gas price to warrant a substantial increase in drilling during the third quarter, the Federal Reserve Bank of Kansas City reported last week. The energy survey by the Federal Reserve branch, aka the Kansas City…
October 11, 2022
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