Storm

Devon’s 1Q Oil, Gas Production Down 8% on February’s Winter Blast

Devon’s 1Q Oil, Gas Production Down 8% on February’s Winter Blast

Oklahoma City-based Devon Energy Corp.’s first quarter oil and natural gas production, mostly pulled from the Permian Basin, is likely to be off by 8% because of the wintry freeze that gripped the country in February, the independent said Monday. Production has since been restored to pre-storm levels, with weather-related downtime “confined to the first…

March 29, 2021
U.S. Feed Gas Nominations Still Climbing as Exports Recover from Deep Freeze — LNG Recap

U.S. Feed Gas Nominations Still Climbing as Exports Recover from Deep Freeze — LNG Recap

U.S. feed gas deliveries were poised to hit their highest point in nearly two weeks on Tuesday as liquefied natural gas (LNG) export operations along the Gulf Coast continued ramping up after a historic winter storm nearly shut them down last week.  Feed gas deliveries have been climbing in recent days, surpassing 8 Bcf on…

February 23, 2021
Natural Gas Futures Retreat as LNG Demand Still Off After Laura

Natural Gas Futures Retreat as LNG Demand Still Off After Laura

Natural gas futures, fresh off a massive 12-cent climb, retreated a bit Friday as Hurricane Laura’s destruction slowly came into focus. Aided by a cooler weather outlook over the coming weeks, the October Nymex gas futures contract fell 5.3 cents to $2.657. November lost 2.7 cents to hit $2.916. Spot gas prices also were lower…

August 28, 2020
Laura’s Impacts on Demand Lead to Pullback in Natural Gas Futures Ahead of EIA Storage Report

Laura’s Impacts on Demand Lead to Pullback in Natural Gas Futures Ahead of EIA Storage Report

BREAKING: U.S. EIA reports a 45 Bcf injection into natural gas storage inventories for the week ending Aug. 21 Cameron LNG joins Sabine Pass in shutting down operations as Hurricane Laura slams Louisiana coast With a Category 4 hurricane targeting natural gas export facilities and other energy infrastructure on the Gulf Coast, gas traders struggled…

August 27, 2020
Natural Gas Forwards Slide Shows Sweltering Heat No Match for Weak Export Demand, Covid-19

Natural Gas Forwards Slide Shows Sweltering Heat No Match for Weak Export Demand, Covid-19

In an ominous sign of what may evolve to the end of the year, scorching heat across most of the country failed to spark a rally in natural gas forward prices for the July 16-22 period, according to NGI’s Forward Look. Instead, persistently weak global exports and continued uncertainty over the level of economic recovery…

July 23, 2020

Barry Keeping Traders on Notice; Natural Gas Futures Called Higher

A disruptive storm building strength over the Gulf of Mexico (GOM) and upcoming government storage data gave natural gas futures traders plenty to ponder heading into Thursday’s regular trading hours. The August Nymex futures contract was up 2.6 cents to $2.470/MMBtu shortly after 8:30 a.m. ET.

July 11, 2019

Summer Heat Seen Easing by Mid-September as October Natural Gas Called Near Even

October natural gas futures were trading about 1.6 cents higher Wednesday morning at around $2.842/MMBtu, stanching the bleeding from the prior session’s selloff as forecasts overnight showed summer heat easing toward the second half of the month.

September 5, 2018

Tropical Storm Gordon Looms as October Natural Gas Called Lower

October natural gas futures were down about 6.4 cents at around $2.852/MMBtu in early morning trading Tuesday as a combination of near-term tropical weather and longer-term seasonality posed downside risks for demand.

September 4, 2018

Eagle Ford, Onshore Facilities Now Taking Harvey’s Fury

Harvey, downgraded to a tropical storm after barreling into South Texas as a Category 4 hurricane Friday night, continued to rain destruction on the Gulf Coast Monday, with catastrophic downpours disrupting lives and shuttering the energy breadbasket of the United States. The storm was expected to continue battering the coast through much of the week, leaving the Houston-Galveston region swimming in more than four feet of accumulated rainfall.

August 28, 2017
GOM Shut-Ins, Evacuations Underway as Harvey Heads to Texas

GOM Shut-Ins, Evacuations Underway as Harvey Heads to Texas

ExxonMobil Corp., Royal Dutch Shell plc and Anadarko Petroleum Corp. had curbed natural gas and oil production at facilities in the Gulf of Mexico (GOM) as Hurricane Harvey was intensifying Thursday, bearing down on the Texas coast.

August 24, 2017
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