RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
A couple of weeks ago we talked about the difference between the $4.14/MMbtu average price (HH) for natural gas storage injection in 2011 versus the average YTD withdrawal season price of $3.20 at the time ---$0.95 below the injection number. Now Feb futures have fallen below $2.70, or $1.4
Front page article today in the WSJ “Glut Hits Natural Gas Prices”. With front month futures hitting $2.774/MMBtu (lowest front-month price since Sept.
<p>If you were looking for a sure sign that the shale phenomenon has shifted to crude oil, look no further than the Smith Bits rig count last week. These are horizontal-only numbers, split between the primary commodity target of the rig. </p>
Yesterday Feb. natgas was up 10.3 cents at $3.096/MMBtu. Don’t get excited. This is just a minor blip due to weather and a little bit of crude sympathy. There is still a lot of gas out there.
Huge international companies are buying up all the hydrocarbon resources in North America. At least that's what it has looked like over the past few days. Total signed up with Chesapeake for a 25% interest in about 620M acres of Utica within a Cheapeake/EnerVest JV. Cost was $70
January natgas futures closed at $3.112/MMbtu yesterday with no signs of strength in the market. Production remains strong while the weather outlook is above normal through much of the high demand market area. Freeze-offs have been minimal.
