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NGI Completes Annual Natural Gas Price Index Audit

NGI Completes Annual Natural Gas Price Index Audit

Natural Gas Intelligence (NGI), a leading price reporting agency covering the North American natural gas market since 1981, has successfully completed its annual audit for 2021 pertaining to the processes and procedures for compiling NGI’s Daily, Weekly and Monthly (Bidweek) natural gas price indexes. NGI is proud to announce that no exceptions were found. The…

December 20, 2022
Asia LNG Price Spread to Europe Narrowed Last Week Amid Volatility

Asia LNG Price Spread to Europe Narrowed Last Week Amid Volatility

HOUSTON (ICIS) –Northeast Asia spot prices eased last week on potential softening of demand but rebounded mid-week, as increased crude oil prices and supply tightness drove up price discussions.

April 18, 2022
Natural Gas’ Meteoric Rise Continues after EIA’s Smaller-Than-Normal Storage Build

Natural Gas’ Meteoric Rise Continues after EIA’s Smaller-Than-Normal Storage Build

Chillier trending springtime forecasts over the weekend contributed further bullish momentum for rallying natural gas futures, which continued to advance in early trading Monday. The May Nymex contract was up 27.6 cents to $7.576/MMBtu at around 8:55 a.m. ET. Natural gas futures had finished off the short holiday week with another huge leap higher after…

April 18, 2022
April Natural Gas Futures Surge Well Beyond $5 Threshold

April Natural Gas Futures Surge Well Beyond $5 Threshold

The natural gas futures market shrugged off a bearish government inventory report and flew higher Thursday amid robust demand for U.S. exports, extending a rally to four straight sessions. The April Nymex gas futures contract climbed 16.9 cents day/day and settled at $5.401/MMBtu. May rose 17.2 cents to $5.446. NGI’s Spot Gas National Avg. slipped…

March 25, 2022
Crescent Energy Expanding Lower 48 Oil, Gas Portfolio with Uinta Basin Purchase

Crescent Energy Expanding Lower 48 Oil, Gas Portfolio with Uinta Basin Purchase

Crescent Energy Co. has an agreement with  Verdun Oil Co. II LLC to snap up oil-rich assets in the Uinta Basin, formerly held by EP Energy Corp., for $815 million. According to Houston-based Crescent, pro forma oil production nine months following the Uinta acquisition could increase to 134,000-148,000 boe/d from 114,000-124,000 boe/d. The assets, primarily…

February 16, 2022
Natural Gas Futures Bounce Back as Cold Seen Possibly Lingering into Late Month; Cash Up

Natural Gas Futures Bounce Back as Cold Seen Possibly Lingering into Late Month; Cash Up

Natural gas futures staged a stunning recovery Monday as one of the major weather models added a huge chunk of demand to the late-February forecast. The March Nymex gas futures contract settled on the higher end of its trading range at $4.195/MMBtu, up 25.4 cents from Friday’s close. April jumped 22.5 cents to $4.160. Spot…

February 15, 2022
Chesapeake Builds Natural Gas-Rich Marcellus Portfolio with Chief, Tug Hill Purchase

Chesapeake Builds Natural Gas-Rich Marcellus Portfolio with Chief, Tug Hill Purchase

Chesapeake Energy Corp. on Tuesday snapped up a batch of natural gas-rich Marcellus Shale assets with a $2 billion-plus takeover of Chief E&D Holdings LP and affiliates of Tug Hill Inc. According to the Oklahoma City-based independent, pro forma natural production capacity could increase by up to 200 MMcf/d. The transaction, set for completion by…

January 25, 2022
Feeling Inflation Pinch, Permian E&Ps Targeting Further Efficiency Gains

Feeling Inflation Pinch, Permian E&Ps Targeting Further Efficiency Gains

Continued efficiency improvements are expected to be critical for natural gas and oil producers in the Permian Basin this year as cost inflation for oilfield services (OFS) takes full effect.

January 24, 2022
February Natural Gas Called Slightly Higher as Forecast Outlook Steady Over Weekend

February Natural Gas Called Slightly Higher as Forecast Outlook Steady Over Weekend

After forecasts, still offering plenty of frigid January temperatures, saw no major changes over the long weekend, natural gas futures traded slightly higher early Tuesday. The February Nymex contract was up 4.2 cents to $4.304/MMBtu at around 8:55 a.m. ET. Compared to forecasting from prior to the weekend, Bespoke Weather Services said its latest temperature…

January 18, 2022
Natural Gas Futures Open 2022 Higher as LNG Strength Outshines Mixed Weather Outlook

Natural Gas Futures Open 2022 Higher as LNG Strength Outshines Mixed Weather Outlook

Natural gas prices hovered in a narrow range of modest gains and losses early Monday before creeping upward and ultimately finishing comfortably in positive territory, as traders assessed a bearish tilt in the weather outlook against strong demand prospects for U.S. liquefied natural gas (LNG) exports. The February Nymex gas futures contract settled at $3.815,…

January 3, 2022
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