Ventura

Natural Gas Futures’ Rally Stalls, Cash Climbs as Market Caught Between Changing Fundamentals

Natural Gas Futures’ Rally Stalls, Cash Climbs as Market Caught Between Changing Fundamentals

After a three-day rally, Nymex May natural gas futures vacillated between gains and losses Wednesday. The contract reached a $1.906/MMBtu intraday high before settling at $1.841, down 2.1 cents day/day. At A Glance: May futures slip 2.1 cents Storage report potentially supportive  Cash prices up on near-term chill NGI’s Spot Gas National Avg. was up…

April 3, 2024
North Dakota Natural Gas Prices Hit 28-Year Low, Highlighting Takeaway Constraints

North Dakota Natural Gas Prices Hit 28-Year Low, Highlighting Takeaway Constraints

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,…

February 21, 2024
Weekly Natural Gas Spot Prices Weaken as Mild Weather Dominates 

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…

February 9, 2024
Bloodletting Continues as March Natural Gas Futures Tumble to July 2020 Levels 

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…

February 9, 2024
Natural Gas Futures, Spot Prices Extend Slide As ‘Demand Killer’ Weather Pattern Looms

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…

January 17, 2024
‘The Future is Bright’ for Marcellus Shale, U.S. Natural Gas, Says Retiring Range CEO Ventura

‘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…

April 26, 2023
Expiring April Natural Gas Futures Fall Below $2 as Downward Price Pressure Endures

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…

March 29, 2023

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.

October 12, 2012

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.

June 15, 2009

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.

June 15, 2009