The U.S. land rig count retreated by three units during the week ending Sept. 16, according to Baker Hughes Inc. (BHI). With the loss of one inland waters rig and the return of two offshore, the United States ended the week down two units at 506. Meanwhile, many of today’s shale wells are getting long in the tooth, Societe Generale said.
Week
Articles from Week
Traders Expecting Near-Average Storage Build; October Called Flat
October natural gas is expected to open unchanged Thursday morning at $2.89 as traders anticipate that government storage figures will be sharply higher than last week and close to historical averages. Overnight oil markets rose.
September 15, 2016
Bulls Relishing Moderate Cooling Loads; October Called 6 Cents Higher
October natural gas is expected to open 6 cents higher at $2.86 as weather forecasts through the end of the month remain moderately supportive. Overnight oil markets fell.
September 12, 2016
Smaller-Than-Expected Storage Build Boosts NatGas Forwards
Even though natural gas forwards prices were up just 2 cents on average between Sept. 2 and 8, the short holiday week proved to be quite jarring as a surprise storage report lit a fire under forward curves that had appeared to be settling into shoulder season in the days prior to its release, NGI Forward Look data shows.
September 9, 2016
Traders Mull Lean Storage Build; October Called 3 Cents Higher
October natural gas is set to open 3 cents higher Thursday morning at $2.71 as traders factor in a government inventory report that is expected to show continuing increases below historical norms. Overnight oil markets advanced.
September 8, 2016
Slim Storage Builds In Play; September Called A Penny Higher
September natural gas is expected to open a penny higher Thursday morning at $2.81 as traders mull forecasts of Thursday’s government storage report coming in as low as the single digits. Overnight oil markets fell.
August 25, 2016
Bulls, Bears, Biding Time Before EIA Storage Data; September Called Unchanged
September natural gas is expected to open flat Thursday morning at $2.62 as traders factor in an upcoming government report that is expected to show an addition to inventories similar to the previous week. Overnight oil markets were mixed.
August 18, 2016
Latest Weekly Rig Return Is Permian-Powered
The Permian Basin helped power a whopping 15-rig comeback in Texas during the week ending July 22, according to the latest Baker Hughes Inc. (BHI) rig count. Also from this week onward, NGI’s Shale Daily is reporting more detailed numbers for the Permian as well as the Cana Woodford as these plays could have much to gain in the months ahead.
July 22, 2016
NGI The Weekly Gas Market Report
NatGas Rigs Left Behind in Weekly Rig Rally
Three rigs came back to the Barnett Shale, and the Haynesville held steady at 16. But it was still lights out in the Fayetteville Shale as one natural gas rig left action for the week ending July 22. There are rigs coming back, but their operators have oil on the brain.
July 22, 2016
Storage Surplus Continues to Contract; August Seen 5 Cents Higher
August natural gas is set to open 5 cents higher Tuesday morning at $2.75 as traders focus on a continuing dynamic of supply contraction and weather forecasts remain supportive. Overnight oil markets bounded higher.
July 12, 2016
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