Natural gas for delivery in April ramped up a third straight day, supported on Wednesday by lower production estimates and a late winter blast of frigid air across the nation’s midsection.

At A Glance:

  • 80s Bcf withdrawal expected
  • Output holds near 102 Bcf/d
  • Colder near-term conditions

In its first session as the prompt month, the April Nymex gas futures contract gained 7.7 cents day/day and settled at $1.885/MMBtu.

NGI’s Spot Gas National Avg. climbed 18.0 cents to $1.570 amid the midweek cold snap.

Production on Wednesday held near 102 Bcf/d for a second consecutive day, reaching a low for February and keeping output far from the recent record levels around 107 Bcf/d, according to Wood Mackenzie estimates.

At the same time, an Arctic chill descended from Canada...