July 11, 2018 – FX Empire
Natural Gas Price Fundamental Daily Forecast – Production Surge Continues to Weigh on Prices
By: James Hyerczyk
Essentially, the natural gas market shifted from a weather-driven market to a production-driven market. This turned the tide on the bulls, forcing them to give up hope for $4/MMBtu prices in mid-June even while forecasts still called for an extended heat dome over most of the United States into mid-July…
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July 10, 2018 – Natural Gas Intelligence
Natural Gas Futures Bears in Control Thanks to Production Growth; SoCal Retreats
By: Jeremiah Shelor
Bears tightened their grip on the natural gas futures market Tuesday, sending prices lower as production continues to overshadow summer heat and storage deficits. Spot prices backed off Monday’s gains, including sharp declines in California and the Northeast coinciding with forecasts for less intense heat; the NGI National Spot Gas Average dropped 8 cents to $2.66/MMBtu…
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July 9, 2018 – Bloomberg
Permian pinch spurs pipeline binge, and fears of overbuild
By: Rachel Adams-Heard
The pipeline crunch threatening the world’s hottest shale play won’t be solved until at least the back half of next year. But then, the floodgates will open.
Pipelines serving the Permian Basin in Texas and New Mexico were able to carry 2.9 million barrels of oil a day in the second quarter, according to analysts at Bloomberg NEF, and pretty much every line from Midland to the Gulf Coast is full. That’ll change in late 2019 as three...
July 6, 2018 – Oil & Gas Investor
Frac Spread: Train Your Sights On The Price Differential
By: Joseph Markman
The price of the hypothetical NGL barrel at Mont Belvieu, Texas, shot up 6.7% in the five-day week ending before Independence Day to nearly $36, once more reaching a level not seen since October 2014 in the midst of the commodity price collapse that saw a 50% plunge in the last six months of the year.
Propane and normal butane also experienced hefty upticks at both Mont Belvieu and at Conway, Kan. Propane was up 10.4% at Mont...
June 27, 2018 – Reuters
Natural gas execs see 'century of supply' in U.S. shale
By: Ernest Scheyder
WASHINGTON (Reuters) - Natural gas production from U.S. shale fields can keep growing for decades, giving Washington a powerful diplomatic tool to counter the geopolitical influence of other energy exporters such as Russia, industry executives and government officials said at a conference here.
Already the world’s largest gas producer, the United States can expand shale gas output another 60 percent in the coming decades, according to at...
