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August Natural Gas Bidweek Prices Jump on Late Summer Heat
E&P
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Southwestern Energy Co. shifted toward producing more dry natural gas in the second quarter as it anticipates a rebound in prices as the winter nears. The company had been focused on the wet gas window in West Virginia, but shifted more rigs to Northeast Pennsylvania with planned well counts now divided equally between the two…
August 3, 2024Markets
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Most of Noble Energy Inc.’s Lower 48 oil and gas volumes that were curtailed as the coronavirus sapped demand are back online as operating costs and netback pricing have improved. The Houston-based super independent, which issued its results Monday, curtailed 30,000 boe/d net during 2Q2024. Most of the reduced volumes, estimated at 80%, were curtailed…
August 3, 2024LNG
New Fortress Sees LNG Sales Increasing as Operations Ramp Through Year’s End
New Fortress Energy LLC said Monday that the Covid-19 pandemic did not slow its growth during the second quarter as the company continued to bring new operations online. Year/year revenue increased to $94.6 million from $39.8 million as NFE went from “a company in development to an operating business,” said CEO Wes Edens. The company…
August 3, 2024E&P
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U.S. liquids supply growth may struggle to grow more than 500,000 b/d a year as Lower 48 well productivity, particularly in the Permian Basin, declines, according to research by Raymond James & Associates Inc. The analyst team led by Marshall Adkins on Monday said its current base case production forecast for the United States assumes…
August 3, 2024Earnings
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The Alberta government launched a long-range campaign last week to make oil and gas companies pay for cleaning up a generations-old and growing backlog of 96,969 depleted and inactive wells. Energy Minister Sonya Savage announced a stiffened polluter-pay policy that requires producers to devise five-year cleanup plans and act on them under supervision by the…
August 3, 2024NGI All News Access
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August 3, 2024Recent News
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Natural Gas Futures Post Jaw-Dropping 30-Cent Gain; Cash Strong Too
Aug 3, 2024E&P
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Aug 3, 2024Regulatory
California Cap-and-Trade Providing Billions to Utilities
Aug 3, 2024E&P
Lower 48 Oil Well Productivity Stumbling, Pointing to Bullish Prices in 2021, Says Raymond James
Aug 3, 2024E&P
Southwestern Focused on Dry Natural Gas Production as Prices Seen Increasing
Aug 3, 2024NGI All News Access
Mexico Natural Gas Prices, Production Fall in June as Pipeline Imports Rise
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Aug 3, 2024E&P
Noble Energy Brings Back Curtailed DJ, Permian Volumes
Aug 3, 2024Markets
Hurricane, Coronavirus and Demand Concerns Weigh Down September Natural Gas Futures
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Alternative Energy, Social Responsibility in Focus for Scaled-Down Dominion
Aug 3, 2024Regulatory
Alberta Launches Campaign to Clear Backlog of Depleted, Inactive Wells
Aug 3, 2024Daily Gas Price Index
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Coming out of a weekend that brought a notably hotter forecast outlook and an uptick in estimated export demand, natural gas futures were sharply higher in early trading Monday. The September Nymex contract was up 11.2 cents to $1.911/MMBtu at around 8:40 a.m. ET. Over the weekend the major weather models, especially the European, trended…
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July 31, 2024Earnings
ExxonMobil Slashing Permian Rig Count, Forecasting Global Oil Glut Extending ‘Well into 2021’
July 31, 2024Earnings
Chevron Warns Pandemic Threatening Through September, but Common Ground in Election
July 31, 2024Mexico Gas Price Index
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Weekly cash market prices ratcheted up across much of the Lower 48, led higher by strong cooling demand in California and swaths of the East. NGI’s Weekly Spot Gas National Avg. for the July 27-30 period jumped 13.5 cents to $1.755. Trading on Friday (July 31) was for gas delivered on Monday (Aug. 3). For…
July 31, 2024Infrastructure
One U.S. Natural Gas Rig Added as Count Shows Signs of Bottoming
July 31, 2024Regulatory
Column: Lozoya Case Can’t Hide Current Failures for Mexico’s Pemex
July 31, 2024E&P
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As heat indexes surged above 100 degrees across the United States to close out July, natural gas forward prices rallied during the July 23-29 period, according to NGI’s Forward Look. Prices for next winter and beyond posted the largest gains, as the prospect of improving export demand and lower gas production in the months ahead…
July 31, 2024LNG
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July 31, 2024E&P
U.S. Rig Count Unchanged as Pandemic-Induced Collapse Leveling Off
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