Volatility

For winter 2015/2016, trading at key points in New England didn’t see the same price spikes as in years past, but the underlying infrastructure constraints that have hampered the region on peak days could still lead to volatility in natural gas prices moving forward.

For winter 2015/2016, trading at key points in New England didn’t see the same price spikes as in years past, but the underlying infrastructure constraints that have hampered the region on peak days could still lead to volatility in natural gas prices moving forward.

Former BG Group plc executive Martin Houston’s newly launched Parallax Energy is developing mid-scale liquefied natural gas (LNG) assets; putting together a gas marketing and trading shop; and, through an affiliate company, will be hunting for value in the U.S. shale patch. Houston told NGI he’s getting ready for the price volatility to come.

Because “…demand for and the prices being paid for natural gas storage services in the Gulf Coast region have declined substantially, particularly over the past year,” Tres Palacios Gas Storage LLC has asked FERC for authorization to abandon up to 22.9 Bcf of working capacity at its three-cavern facility in Texas.

Cash natural gas prices fell a nickel overall Thursday as traders elected to get most of their deals done ahead of the usual volatility following the release of government inventory data.

Natural gas liquids (NGL) account for a significant portion of what many international organizations refer to as “oil production” from the United States, according to analysts from the Brookings Institution.

Chesapeake Energy Corp. has been downgraded again by Fitch Ratings, and on Monday two proxy services recommended against reelecting two directors at the annual meeting in June.

A UK-based exploration company whose management team has unconventional exploration experience in the United States claims to have discovered a natural gas shale field near Blackpool, in Lancashire, England, that may rival rock in the United States.

September natural gas was unchanged Friday as the volatility following Thursday’s inventory report all but vanished, and managers see an oversold but non-threatening market. At the close September was flat at $3.941 and October had risen 0.7 cent to $3.962. September crude oil added 25 cents to $86.88/bbl.