Whopping

Nearly All Points Tumble as Bearish Stars Align; January Also Falls

Physical natural gas prices on average lost a whopping 36 cents Friday as the normal reluctance of buyers to commit to weekend gas was compounded by a weak screen, near-record gas in inventories, forecast warmth for the upcoming week in major energy markets and reports of ever-higher domestic production.

December 3, 2012

Weather Forecasts Prompt Broad Advance; Futures Plunge

Physical gas prices overall on average jumped a whopping 37 cents Monday as traders scrambled to deal with multiple challenges ranging from high power prices, to covering short positions, to below normal temperatures forecast for major eastern and Midwest energy markets. The Northeast was especially strong, with a couple of New England points registering gains north of $4.00. Futures traders were looking at more distant weather events and sold early and sold often. At the close December had fallen 17.1 cents to $3.730 and January was down 16.6 cents to $3.868. January crude oil fell 54 cents to $87.74/bbl.

November 27, 2012

EIA: Domestic Natural Gas Production Jumped 1.74 Tcf in 2011

Total gross withdrawals of domestic natural gas jumped to 28.58 Tcf in 2011, a 6.5% increase from 26.84 Tcf in 2010, and are on pace to easily surpass those numbers again this year, according to the U.S. Energy Information Administration’s Monthly Energy Review for September.

October 1, 2012

High Court Upholds $54M Damage Award Against Shell Oil

The U.S. Supreme Court last Monday denied Shell Oil Co.’s petition to review a whopping $54 million punitive damage award for the producer’s failure to pay a “net-profits interest” to the owners of an Oklahoma oil and natural gas lease.

December 20, 2010

High Court Upholds $54M Damage Award Against Shell Oil

The U.S. Supreme Court Monday denied Shell Oil Co.’s petition to review a whopping $54 million punitive damage award for the producer’s failure to pay a “net-profits interest” to the owners of an Oklahoma oil and natural gas lease.

December 14, 2010

Futures Sink to New Lows on 93 Bcf Storage Build

Front-month natural gas futures plunged to a new low for the downtrend Thursday following news that a whopping 93 Bcf was injected into underground storage for the week ending Oct. 15. The late-season build nearly doubled the five-year average injection for the week and more than quadrupled the addition recorded for the similar week last year.

October 22, 2010

Futures Fall Below $4 on ‘Bearish’ 87 Bcf Storage Injection

Natural gas supply is still well outpacing demand as evidenced by Thursday morning’s news that a whopping 87 Bcf was injected into underground storage for the week ending April 9. The larger-than-expected build thrust near-month natural gas futures values back below $4.

April 16, 2010

Futures Fall Below $4 on ‘Bearish’ 87 Bcf Storage Injection

Natural gas supply is still well outpacing demand as evidenced by Thursday morning’s news that a whopping 87 Bcf was injected into underground storage for the week ending April 9. The larger-than-expected build thrust near-month natural gas futures values back below $4.

April 16, 2010

NEB: Oilsands Consumption to Cut Canadian Gas Exports

Depressed drilling and growing domestic industrial demand could knock a whopping 3.4 Bcf/d, or 21%, off Canadian supplies on the international natural gas market within two years, according to a new report by the National Energy Board

September 21, 2009

Canadian Gas Exports to Plunge, Says NEB

Depressed drilling and growing domestic industrial demand could knock a whopping 3.4 Bcf/d, or 21%, off Canadian supplies on the international natural gas market within two years, according to a new report by the National Energy Board

September 21, 2009
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