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The Energy Information Administration’s (EIA) recent downward production revision probably wasn’t steep enough, according to EOG Resources Inc., which on Tuesday reported a 4.8% decline in its own first quarter natural gas production.

Despite a little prior-day screen support, the cash market finally had to acknowledge Wednesday that it wasn’t getting enough weather-based demand to sustain the moderate rally of the first two days of the week. A few flat to nearly a nickel higher quotes were overwhelmed by softening everywhere else.

Despite a little prior-day screen support, the cash market finally had to acknowledge Wednesday that it wasn’t getting enough weather-based demand to sustain the moderate rally of the first two days of the week. A few flat to nearly a nickel higher quotes were overwhelmed by softening everywhere else.

Coal took something of a beating from natural gas in the power generation arena this year, but coal’s displacement by gas wasn’t strictly due to exceptionally low gas prices, according to analysts at Barclays Capital. Coal producers can curse cheap gas if they want, but other factors were at play, too.

Realized gas prices in Questar Corp.’s exploration and production (E&P) unit took a hit during the third quarter, but it wasn’t as bad as it could have been thanks to hedges, which mitigated the impact and increased revenues by $156.7 million, or $4/Mcf. Questar CEO Keith O. Rattie would prefer that the Commodities Futures Trading Commission (CFTC) and lawmakers not curtail his and other companies’ hedging options.

Realized gas prices in Questar Corp.’s exploration and production (E&P) unit took a hit during the third quarter, but it wasn’t as bad as it could have been thanks to hedges, which mitigated the impact and increased revenues by $156.7 million, or $4/Mcf. Questar CEO Keith O. Rattie would prefer that the Commodities Futures Trading Commission (CFTC) and lawmakers not curtail his and other companies’ hedging options.

It wasn’t much, but the market could claim a little more of both heating and cooling load in posting solid double-digit increases at all points Thursday. However, cash quotes continued to depend more on prior-day screen support and a general sense that global economic woes may be starting to lessen in extending the week’s rally into its fourth day.

Predicting flows of liquefied natural gas (LNG) to the United States this summer and beyond might make for a fun industry parlor game if so much wasn’t riding on what actually happens. Analysts at FBR Capital Markets on last Monday said there will be a further squeeze on domestic producers from LNG imports.

Predicting flows of liquefied natural gas (LNG) to the United States this summer and beyond might make for a fun industry parlor game if so much wasn’t riding on what actually happens. Analysts at FBR Capital Markets on Monday said there will be a further squeeze on domestic producers from LNG imports.