Despite the fact that some producers are increasing their dry natural gas shut-ins and retooling their operations to go after liquids, the industry is still facing a supply glut problem, which could be exacerbated later this summer as storage room becomes scarce. As a result, cash prices could easily slip back below $2, according to Evergreen, CO-based Bentek Energy.
Shoulder
Articles from Shoulder
Lack of Support Allows Futures to Troll Lower
With the shoulder season now in full swing and storm systems in the tropics remaining largely unorganized, the softness in natural gas futures last week spilled over into Monday’s action as the November contract recorded a low of $3.686 before closing out the regular session at $3.727, down 7 cents from Friday’s finish.
October 5, 2010
Only Frigid Western Canada Avoids Overall Drops
As a marketer had predicted the day before, cash prices dropped at nearly all points Friday. The softness was due to moderate weather conditions typical of a shoulder month being prevalent in most regions, Thursday’s nickel dip by May futures and the decline of industrial load during a weekend.
April 21, 2008
DOE Embraces Hydrogen, Turns Cold Shoulder to Natural Gas as Vehicle Fuel
Natural gas-fueled vehicles (NGVs) are out, and hydrogen fuel-celled vehicles (FCV) are in. That became crystal clear last week as Energy Secretary Spencer Abraham announced that the Bush administration is “absolutely” committed to kick-starting a two-decade-long effort to create a global hydrogen-based economy that will use fuel cells as a major enabler.
May 3, 2004
DOE Turns Cold Shoulder to Natural Gas as Vehicle Fuel
Natural gas-fueled vehicles (NGVs) have not gone the way of the dodo bird, but with only 130,000 NGVs on the road today and the government’s attention now solely focused on hydrogen fuel-celled vehicles (FCV), that outcome could be on the horizon.
April 28, 2004
Enbridge Says Alaska Pipeline Is Too Big for One Company to Shoulder
Enbridge Inc. vowed to take a co-operative approach with all concerned when it stepped forward as the second Canadian contender offering to help build the proposed Alaska natural gas pipeline.
April 5, 2004
Prices Fall Up to Nearly a Quarter on Fundamental Weakness
A true shoulder-month sensibility began to assert itself again in the spot gas market Tuesday. Generally mild to seasonal weather across the West and South, forecasts of some moderation of the cold temperatures that opened the week in the Northeast, and the prior-day example of weakening energy futures led to price dips ranging from about a nickel to nearly a quarter.
March 10, 2004
Production May Rise in ’03, But Storage Refill Is Still Big Challenge
With shoulder-month natural gas futures prices topping $6 on Monday, it’s clear the bulls are winning the market tug-o-war. But some buyers charge that has happened through a propaganda campaign waged by producers and analysts who have exaggerated the low gas supply situation and the need for demand destruction.
May 13, 2003
Shoulder Month Demand Gives Bulls Little Reason to Buy Friday
Softer cash prices ahead of the weekend and forecasts suggesting there will be little additional weather-related demand this week were enough Friday to put the kibosh on any chance for a short-covering rally in natural gas futures. With that the May contract completed its penultimate trading day in an exceedingly lackluster session that featured a razor thin 4-cent trading range. It closed at $5.477, up 0.3 cents from Thursday’s close.
April 28, 2003
Researchers Explore Ultra-Deepwater Gulf Viability
With the natural gas industry in the United States having to shoulder the ever-increasing demand burden from gas-fired power generation, development of the ultra-deepwater Gulf of Mexico needs to be pursued in addition to other options such as LNG and Alaskan production, according to a new study led by Roger Anderson, director of Energy Research at Columbia University.
March 24, 2003
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