waha

Baseload natural gas prices were trending lower for April delivery as excess end-of-winter inventory levels kept bidders hesitant on the first day of bidweek trading Friday (March 22), according to NGI’s Bidweek Alert (BWA). Trade was most active in Texas, where the supply glut has pushed Permian Basin prices negative, following in the footsteps of…

Natural gas futures remained lower through midday trading Thursday as the latest U.S. Energy Information Administration (EIA) storage report underwhelmed, confirming further expansion of an already sizable Lower 48 inventory surplus. Meanwhile, some late-season chills for northern portions of the country failed to prevent falling physical prices. Here’s the latest: April Nymex contract trading at…

Natural gas futures ended a two-day run higher on Wednesday as positive vibes from this week’s latest production cuts waned ahead of an expected weak winter storage draw. At A Glance: 37 Bcf withdrawal expected Output holds above 100 Bcf/d Late-month cooldown possible The April Nymex gas futures contract settled at $1.929/MMBtu, down 2.8 cents…

Natural gas futures drifting lower through midday trading as balances in focus ahead of Thursday’s U.S. Energy Information Administration (EIA) storage report April Nymex contract down 3.0 cents to $1.927/MMBtu as of 1:50 p.m. ET Reuters poll sees median 40 Bcf Lower 48 storage draw for week ended March 1 based on 13 estimates from…

Spot natural gas prices for Wednesday flow at Waha and nearby delivery hubs in West Texas fell into negative territory as pipeline maintenance prevented some gas from leaving the basin and mild, spring-like weather reduced demand. Waha Hub spot prices for next-day delivery tumbled 72.0 cents day/day to minus 54.5 cents. The last time Waha’s…

Natural gas futures were mixed on Tuesday, with the March contract off slightly amid light volume. But the April contract was boosted by bargain buying and a continued slide in production that could, if sustained, address supply/demand imbalance and bolster prices in the medium term. At A Glance: Output slips below 102 Bcf/d Solid but…

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…

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…

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…