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Buoyed by higher volumes flowing to a major export terminal and continued production weakness, natural gas futures were rallying through midday trading Thursday. Here’s the latest: June Nymex futures up 10.4 cents to $2.036/MMBtu as of 2:25 p.m. ET, back in line with Monday’s close Production off to slow start for May, estimates show Wood…

Pipeline constraints in the oil-rich Permian Basin have not impacted Diamondback Energy Inc.’s production, but “pushing out more pipes” could help low natural gas prices in West Texas.  During a call to discuss first quarter results, CEO Travis Stice said, “we’re going to continue to need pipes being built about every 12-18 months in the…

NO. 1: Golden Pass LNG’s timeline for starting production could slip further into 2025. A shortage of skilled workers and other construction issues are reportedly causing delays.  Market speculation about the project has grown this week as traders continue to watch U.S. export projects along the Gulf Coast for signs of new demand later this…

Anyone wanting to perfect the basic fundamentals of trading and optimizing LNG sales on the global market probably need look no further than to Shell plc. The No. 1 global liquefied natural gas trader, and Europe’s leading oil and gas producer, overcame slumping commodity prices during the first quarter to deliver increased production and higher…

The U.S. Energy Information Administration (EIA) on Thursday reported an injection of 59 Bcf natural gas into storage for the week ended April 26. The result came close to expectations but was notably below historical averages. The print reflected lighter production volumes and supported upward momentum for Nymex natural gas futures. Ahead of the 10:30…

A move to force more scrutiny of Kinder Morgan Inc.’s Evangeline Pass natural gas pipeline expansion in Louisiana was struck down Tuesday by a federal appeals court. The U.S. Court of Appeals for the District of Columbia Circuit tossed a petition to halt the Evangeline Pass Expansion underway by Kinder’s Tennessee Gas Pipeline Co. LLC. …

The slump in natural gas prices has pressured the U.S. land market, but signs are emerging that the rig count may be “nearing a leveling off point,” according to the CEO of Helmerich & Payne Inc. (H&P). Activity between January and March in the Lower 48 was fairly solid, CEO John Lindsay said during the…

MPLX LP management said two strategic transactions announced in the first quarter would open the door to growth opportunities in the Marcellus and Utica shales and the Permian Basin. During a conference call to discuss quarterly performance, CEO Michael Hennigan told analysts that exploration and production (E&P) companies are targeting liquids-rich acreage in the Northeast.…

As traders prepared to digest a potential surplus-trimming result from the latest government inventory data, natural gas futures rebounded in early trading Thursday. The June Nymex contract was up 3.9 cents to $1.971/MMBtu as of 8:51 a.m. ET, clawing back a good chunk of the previous session’s 5.9-cent decline. Pre-report estimates were pointing to a…