NGI Archives

Natural Gas Forward Prices Driven Lower by Weak Cash; Heat Crucial to Sustained Recovery

Natural Gas Forward Prices Driven Lower by Weak Cash; Heat Crucial to Sustained Recovery

With much of the supply/demand background fairly stable, weak natural gas cash pricing drove a deep dive lower for forward markets during the June 11-17 period, NGI’s Forward Look data show. Double-digit decreases extended across North America through the rest of summer, though smaller losses were seen further out the curve.

June 19, 2020
BP Impairing Up to $17.5B in Assets on ‘Enduring Impact’ from Covid-19 and Quicker Energy Transition

BP Impairing Up to $17.5B in Assets on ‘Enduring Impact’ from Covid-19 and Quicker Energy Transition

With an expectation that the energy transition away from fossil fuels may be sooner than expected, BP plc on Monday said it plans to impair up to $17.5 billion on the value of its assets for the second quarter because of limited upside in natural gas and oil prices.

June 16, 2020
Rising Demand, Production Declines to Push 2021 Henry Hub Price to $3.08, Says EIA

Rising Demand, Production Declines to Push 2021 Henry Hub Price to $3.08, Says EIA

Demand for natural gas is expected to increase next winter and production is expected to decline, causing upward pressure on prices and resulting in Henry Hub spot prices averaging $3.08/MMBtu in 2021, according to the Energy Information Administration (EIA).

June 10, 2020
Canada Still Tops for U.S. Natural Gas, Oil Trading, Even as Domestic LNG Exports Grow

Canada Still Tops for U.S. Natural Gas, Oil Trading, Even as Domestic LNG Exports Grow

Many U.S. natural gas and oil operators may view overseas demand as the best option for growth, particularly for liquefied natural gas (LNG), but Canada continues to be the largest source of domestic energy imports and the second only to Mexico for exports, the Energy Information Administration (EIA) said Friday.

June 8, 2020
Despite Uncertainty, Mexico Said to Remain Key Export Market for U.S. Natural Gas Producers

Despite Uncertainty, Mexico Said to Remain Key Export Market for U.S. Natural Gas Producers

Even given the many unknowns related to the market impact of the coronavirus pandemic on both sides of the border, Mexico will remain a key destination for U.S. natural gas producers for years to come, according to analysts.

June 3, 2020
Higher Natural Gas Prices Said Critical to Haynesville Growth as Well Counts May Decline

Higher Natural Gas Prices Said Critical to Haynesville Growth as Well Counts May Decline

The Haynesville Shale, the second largest dry natural gas producing area in the United States, is positioned for a 20% decline in output and activity to 2023 if Henry Hub prices were to maintain an average of $1.80-1.90/MMBtu, according to Rystad Energy.

May 13, 2020
DTE Sees Shoots of Growth for Natural Gas and Weathering Coronavirus Impacts

DTE Sees Shoots of Growth for Natural Gas and Weathering Coronavirus Impacts

Even as DTE Energy is implementing cost-cutting measures to help navigate the economic downturn brought on by the coronavirus, the natural gas storage and pipelines (GSP) assets in the Lower 48 are creating a path for long-term success.

April 29, 2020
Q&A with John Padilla on Mexico’s Natural Gas Market Development — Bonus Coverage

Q&A with John Padilla on Mexico’s Natural Gas Market Development — Bonus Coverage

Editor’s Note: Please enjoy this bonus coverage from NGI’s Mexico Gas Price Index, which includes daily prices, analysis and coverage of the emerging natural gas market in Mexico. NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following question-and-answer (Q&A) column as part of a regular interview series with experts in the Mexican natural gas market.

April 22, 2020

Senators Call For Federal Government Loans to U.S. Energy Producers

A group of 11 U.S. Senators is calling on the Trump administration to make loans accessible to domestic energy producers in an effort to protect American jobs associated with the industry.

April 22, 2020
Noble Cuts More Lower 48 Capex; More Closures, Layoffs as Pandemic Disrupts Energy Markets

Noble Cuts More Lower 48 Capex; More Closures, Layoffs as Pandemic Disrupts Energy Markets

One month after it cut expenditures by almost one-third, Houston’s Noble Energy Inc. has joined a growing group of peers in reducing even more spend, with the hit mostly to U.S. onshore operations, while it furloughs employees and cuts salaries in response to the never-ending impacts from the Covid-19 pandemic and sharp decline in oil and gas demand.

April 15, 2020
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