Only a gain of about a nickel by the Florida citygate, spurred primarily by Florida Gas Transmission’s issuance of an Overage Alert Day (see Transportation Notes), and flat quotes at Westcoast Station 2 were left out of Thursday declines ranging from a little less than a nickel to about 20 cents. Despite having a major storm with plentiful snowfall due to linger through the weekend, the Northeast recorded most of the biggest losses.
Spurred
Articles from Spurred
Study: Up to $210B of Gas Infrastructure Investment Needed Over 20 Years
Spurred on by production from prolific unconventional shale basins and tight sands, as well as anticipated market growth from electric generation and industrial sectors, as much as $210 billion in investment in pipelines, storage and midstream infrastructure will be required over the next two decades to meet long-term supply and demand needs, a new INGAA Foundation report estimates.
All Prices Up Again, But Weaker than Before
Prices continued to rise across the board Wednesday, spurred largely by the previous day’s spike of 32.6 cents by November futures for the first daily close above $5 since January. However, there was some indication that the cash market is beginning — at least temporarily — to acknowledge that weather-based fundamentals have been getting weaker after virtually all gains shrank Wednesday and not all of them were in double digits as was the case Tuesday.
Study: Up to $210B of Gas Infrastructure Investment Needed Over 20 Years
Spurred on by production from prolific unconventional shale basins and tight sands, as well as anticipated market growth from electric generation and industrial sectors, as much as $210 billion in investment in pipelines, storage and midstream infrastructure will be required over the next two decades to meet long-term supply and demand needs, a new INGAA Foundation report estimates.
Energy Futures Values Plunge as U.S. Economic Picture Remains Bleak
After a fairly lazy Monday in the markets, energy traders on Tuesday witnessed a shake-up as economic concerns in the United States spurred a significant liquidation in the liquids and natural gas futures. Despite storm uncertainty swirling in the Atlantic, August natural gas put in a low of $11.376 before closing at $11.477, down 48.2 cents from Monday’s finish.
As Expected, Screen Gain Able to Rally Cash Quotes
Most of the cash market was able to rally Friday, spurred primarily by the previous day’s 29.4-cent rebound by August futures and to some extent by forecasts of slightly higher heat levels during the weekend in the South, Northeast and Pacific Northwest. The overall move higher defied cooling trends in the Midwest, Rockies and inland California and the loss of industrial load that occurs during a weekend.
Backed By Record Crude, NatGas Futures Settle Above $11.50
Spurred along by record-breaking crude futures once again, the June natural gas futures contract on Friday carved out a new high for the move before closing at $11.537, up an astounding 27.4 cents from Thursday’s finish and 76 cents higher than the previous week’s close.
Barnett Delivers the Gas — and the People
The Barnett Shale in North Texas has done a lot more than build natural gas reserves — it has spurred the Dallas/Fort Worth area of Texas to the largest population increase of any metropolitan area in the nation, according to a study.
Barnett Fuels Largest Population Increase in Country
The Barnett Shale in North Texas has done a lot more than build natural gas reserves — it has spurred the Dallas/Fort Worth area of Texas to the largest population increase of any metropolitan area in the nation, according to a study.
June Futures Test Support Following Bearish 104 Bcf Storage Build
Spurred by a bearish natural gas storage injection, June natural gas futures on Thursday dropped for a fifth consecutive session, recording a low of $7.650 before closing out the day at $7.681, down 7.6 cents from Wednesday’s close. During the streak of down days, the prompt month — which expires Tuesday — has shed 39.4 cents.