Oil producers in North Dakota’s Bakken Shale are facing the lowest natural gas prices in nearly three decades, according to the state’s top regulator. Department of Mineral Resources (DMR) Director Lynn Helms addressed the issue during a recent press conference. The price of natural gas delivered to the Northern Border pipeline system at Watford City,…
Ventura
Articles from Ventura
Weekly Natural Gas Spot Prices Weaken as Mild Weather Dominates
Weekly natural gas cash prices remained under pressure for a fourth week as unseasonably mild February weather limited heating demand across much of the country, while a tanking in natural gas futures contributed to an overriding bearish market sentiment. NGI’s Weekly Spot National Avg. for the Feb. 5-9 period fell 15.0 cents to $1.965. While…
Bloodletting Continues as March Natural Gas Futures Tumble to July 2020 Levels
After crashing Thursday through major $2.000/MMBtu support, March Nymex natural gas futures extended losses in the week’s closing session, retreating 7.0 cents day/day and closing at the lowest level in more than three years. At A Glance: March futures hits fresh lows Storage overhang seen widening Cash pressured by lack of demand The front-month contract…
Natural Gas Futures, Spot Prices Extend Slide As ‘Demand Killer’ Weather Pattern Looms
Natural gas futures stumbled for a second session Wednesday as an unusually mild late-January weather forecast took center stage, shifting attention away from ongoing supply disruptions and demand spikes from Arctic cold blasts sweeping across the country. At A Glance: Bullish storage print expected Next week’s forecasts stay warm Freeze-offs keep supply tight Coming off…
‘The Future is Bright’ for Marcellus Shale, U.S. Natural Gas, Says Retiring Range CEO Ventura
Range Resources Corp.’s outgoing CEO Jeff Ventura was upbeat about the long-term prospects of the company and the Marcellus Shale in his final quarterly earnings call with the firm on Tuesday (April 25). Ventura and his management team highlighted Range’s liquids-rich, low-cost Appalachian Basin pure-play portfolio, as well as the importance of natural gas to…
Expiring April Natural Gas Futures Fall Below $2 as Downward Price Pressure Endures
The April Nymex natural gas futures contract floundered on its final day as the front month – a third consecutive loss – as the intersection of robust production and waning demand again captured traders’ attention. At A Glance: Production offsets LNG demand Analysts see 50s Bcf withdrawal May takes over as prompt month April futures…
Fracking in Urban Oilfield Won’t Harm Neighbors, Study Finds
A year-long study has concluded that hydraulic fracturing (fracking) in an urban oilfield in the Los Angeles area will not harm the environment.
Canadian NGX Adds U.S. Clearing Points
Canada’s Natural Gas Exchange (NGX) on June 8 launched four new major clearing points in the U.S. at the SoCal Citygate, NNG Ventura, ANR SE pool, and Tennessee 800L, along with three additional smaller points in Canada.
Canadian NGX Adds U.S. Clearing Points
Canada’s Natural Gas Exchange (NGX) on June 8 launched four new major clearing points in the U.S. at the SoCal Citygate, NNG Ventura, ANR SE pool, and Tennessee 800L, along with three additional smaller points in Canada.