Natural gas futures failed to sustain Monday’s momentum and finished lower Tuesday after weather forecasts took back some of the latest modeled demand boon for later this month. The December Nymex natural gas futures contract fell 9.1 cents day/day to settle at $3.092/MMBtu. January shed 8.4 cents to end at $3.303. At A Glance: Prompt…
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Texas Shatters Monthly Natural Gas, Oil Production Records as Jobs, Permitting Tick Upward
Texas production of natural gas and oil reached all-time highs for the second month in a row in September, according to the latest monthly analysis by Texas Oil & Gas Association (TXOGA). Marketed natural gas production totaled 34.6 Bcf for the month, while oil production was 5.9 million bbl, according to the report prepared by…
October 24, 2023
Texas Permian Natural Gas, Oil Permitting Up in May, but State Overall Sees Declines
New natural gas and oil drilling permits almost doubled in May in one portion of the Permian Basin in Texas, but overall, activity was down sharply in the state. The Railroad Commission of Texas (RRC) issued 65 natural gas and oil drilling permits for the San Angelo district, aka District 7C, a nearly 97% increase…
June 6, 2023
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