July 13, 2018 – Natural Gas Intelligence
Production Squashing Storage Fears as Natural Gas Futures Continue Slide
By: Jeremiah Shelor
Natural gas futures bulls gave up more ground Friday as production continued to allay the market’s storage concerns. Spot prices fell throughout the Midwest with cooler temperatures in the forecast, while the volatile SoCal Citygate gained heading into the weekend; the NGI National Spot Gas Average ...
July 13, 2018 – Natural Gas Intelligence
Northeast, Haynesville Flat as Natural Gas Drilling Drives Small Uptick in Rig Count
By: Jeremiah Shelor
The U.S. rig count inched higher during the week ended Friday, thanks to a small uptick in natural gas-directed drilling, though activity was flat in the largest gas-focused onshore plays, according to data from Baker Hughes Inc. (BHI).
Two gas rigs returned to action during the week in the United States, putting the total number at 189, roughly in line with 187 rigs running a year ago. The...
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...
