Tag / waha

Subscribe

waha

Targa Leadership Betting on Permian Track Record for Growth Despite Low Natural Gas Prices

Targa Leadership Betting on Permian Track Record for Growth Despite Low Natural Gas Prices

Undeterred by depressed commodity prices, management is betting on Targa Resources Corp.’s given track record of outperforming in the Permian basin, installing more than 400 MMcf/d of compression in the first half of 2024, expected to drive increasing volumes through its downstream assets.  Management of Houston-based Targa is anticipating high single-digit natural gas volume growth…

February 20, 2024
Natural Gas Futures Nudge Higher as Forecasts Tease February Cooldown; Cash Slides

Natural Gas Futures Nudge Higher as Forecasts Tease February Cooldown; Cash Slides

Natural gas futures advanced for a second day Wednesday, supported by oversold technical levels and forecasts “raising alarms” for the return of frigid air in the back half of February. At A Glance: Nymex posts another gain National Avg. falls near $2 Lower 48 output at 104.6 Bcf/d The March Nymex gas futures contract rose…

January 31, 2024
March Natural Gas Futures Hold Ground in Debut; Spot Prices Slide

March Natural Gas Futures Hold Ground in Debut; Spot Prices Slide

The March natural gas futures contract held above $2.000/MMBtu Tuesday and closed higher on its first day as the front month, aided by technical levels and daily production declines. At A Glance: Production slips to 104.5 Bcf/d Forecasts stay ‘massively warmer’ Northeast leads cash lower The March Nymex gas futures contract rose 2.3 cents to…

January 30, 2024
Natural Gas Futures, Spot Prices Rally as Mild Forecasts Shed Warmth, Huge Draw Looms

Natural Gas Futures, Spot Prices Rally as Mild Forecasts Shed Warmth, Huge Draw Looms

Natural gas futures rose for a second day Wednesday, supported by still-mild weather forecasts shedding some of their spring-like warmth and a burst of technical momentum across the forward curve. At A Glance: Plus-300 Bcf storage draw expected Forecast remains warmest in 45 years Production rises to 103 Bcf/d Building on a 3.1-cent gain Tuesday,…

January 24, 2024
Chatter Grows about E&P Pullback as Mild Early Winter Weather, Robust Natural Gas Storage Pressure Prices

Chatter Grows about E&P Pullback as Mild Early Winter Weather, Robust Natural Gas Storage Pressure Prices

A growing number of analysts have penciled in lower natural gas prices and more gas and oil production cuts for 2024 to remedy supply-demand imbalance, which worsened late in 2023 amid a mild start to winter and record production levels. The heating season only saw intermittent cold spells in November before December clocked in as…

January 4, 2024
Natural Gas Futures, Cash Prices Advance Ahead of Mid-January Freeze

Natural Gas Futures, Cash Prices Advance Ahead of Mid-January Freeze

Natural gas futures kicked off 2024 trading on Tuesday in rally mode, supported by forecasts for stronger heating demand and steady calls for U.S. LNG, though gains were held in check by stout supply. At A Glance: Frigid air on the horizon Production stays strong NGI models 40 Bcf draw Coming off a 4.3-cent decline…

January 2, 2024
Nymex Natural Gas Futures Surge as January Contract Expires, February Set to Take The Lead  

Nymex Natural Gas Futures Surge as January Contract Expires, February Set to Take The Lead  

Nymex natural gas futures soared early in the regular trading session on Wednesday but gave back larger gains as revisions to weather forecasts sapped several days of heating demand. At A Glance: February futures up 1.8 cents  Cold weather eyed for support Chill drives cash higher January futures ended its run as the front-month contract…

December 27, 2023
Permian Natural Gas Flows Reach Record Level, Curb Prices Amid Key Infrastructure Expansions

Permian Natural Gas Flows Reach Record Level, Curb Prices Amid Key Infrastructure Expansions

Surging production and new takeaway capacity paved a path for record-high natural gas supplies flowing from the prolific Permian Basin. A 550 MMcf/d expansion of Kinder Morgan Inc.’s (KMI) Permian Highway Pipeline (PHP) entered service at the start of this month and amplified Whistler Pipeline LLC’s recently completed 500 MMcf/d expansion in the Permian.   “Permian…

December 12, 2023
January Natural Gas Retraces Early Sharper Gains To Settle Modestly Higher

January Natural Gas Retraces Early Sharper Gains To Settle Modestly Higher

Nymex January natural gas futures settled Tuesday up 1.6 cents at $2.710/MMBtu in a day of profit-taking following the prior day’s 12.0-cent rout on the back of weak fundamental support. At A Glance: Profit-taking drives early gains Weather forecasts “less bearish” Chill, pipeline constraints support cash The front-month contract drifted to a $2.675 intraday low.…

December 5, 2023
December Natural Gas Futures Fail To Gain Traction Ahead Of Expiry; Cash Prices Mixed As ‘Coldest Day’ Passes

December Natural Gas Futures Fail To Gain Traction Ahead Of Expiry; Cash Prices Mixed As ‘Coldest Day’ Passes

Natural gas futures moved lower ahead of the December contract rolling off at the end of trading Tuesday, weighed down by weather forecasts doubling down on a bearishly warm early December and gas production holding near all-time highs. At A Glance: December Nymex rolls off NGI’s National Avg up to $3.745 Southeast leads cash gains…

November 28, 2023
‹ Previous 1 2 3 8