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May Natural Gas Bidweek Prices Depressed on Second Day of Trade
Shale Daily – Natural Gas Intelligence Apr 26, 2024 | 13:17 pmAs bidweek continued into a second day Thursday (April 25), baseload prices maintained the weak tenor established in Wednesday’s opener, according to NGI’s Bidweek Alert (BWA). Deal volumes were predominantly lower from Wednesday levels. Bidweek trading concludes on Friday. Leading[…]
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Matador Bullish Even on Weak Waha Prices, as NGLs Diversifying Delivery Options
Shale Daily – Natural Gas Intelligence Apr 26, 2024 | 13:14 pmDallas-based independent Matador Resources Co. delivered better-than-expected results during the first quarter, with Permian Basin-heavy natural gas production jumping 36%. Gas output reached nearly 390 MMcf/d, 4% higher than guidance. That came even as average realized gas prices were $2.96/Mcf,[…]
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Plunging Haynesville Production Leads Overall Natural Gas Supply Cut; Price Response Muted
Shale Daily – Natural Gas Intelligence Apr 26, 2024 | 13:07 pmNatural gas exploration and production (E&P) companies in the Haynesville Shale continue to drive overall cuts to Lower 48 supply. Output there is down nearly 20% from a year earlier and continues to slide following well-telegraphed efforts to slow activity[…]
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Ahead of May Expiry, Natural Gas Futures Faltering as Storage Surplus Grows
Shale Daily – Natural Gas Intelligence Apr 26, 2024 | 12:55 pmAs traders contemplated a swelling storage surplus amid mild springtime temperatures, natural gas futures were down sharply ahead of the front month expiration Friday. With volume thin in its final day of trading, the May Nymex contract was off 9.9[…]
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Natural Gas Futures Slide as Hefty Wind Generation Plumps Up Weekly Storage Print
Shale Daily – Natural Gas Intelligence Apr 25, 2024 | 21:39 pmNatural gas futures tried to shake off a stronger-than-expected government inventory print Thursday but settled lower as benign weather and LNG hiccups weighed. At A Glance: EIA reports 92 Bcf injection West Texas cash flips negative Freeport LNG stays down[…]
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Natural Gas Forwards Slide Overall as West Texas Outlook Brightens for Bulls
Shale Daily – Natural Gas Intelligence Apr 25, 2024 | 21:03 pmWith excess storage inventories continuing to hang over the market through the shoulder season, natural gas forwards declined notably at the front of the curve for most regions during the April 18-24 trading period, data from NGI’s Forward Look show.[…]
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Hammerfest, Freeport Outages Send Global Natural Gas Prices Higher – Three Things to Know About the LNG Market
Shale Daily – Natural Gas Intelligence Apr 25, 2024 | 19:50 pmNO. 1: A gas leak at the Hammerfest LNG export terminal in Norway that occurred during maintenance has shut the plant down until Friday. The facility, which is operated by Equinor ASA was evacuated Tuesday, and the leak has since[…]
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Latin America Oil, Natural Gas Activity Climbs for Halliburton, SLB and Weatherford
Shale Daily – Natural Gas Intelligence Apr 25, 2024 | 19:30 pmPerformance in Latin America during the first quarter proved to be strong for Halliburton Co. and Weatherford International plc, with each reporting double-digit revenue gains from a year ago. The oilfield services giants joined SLB Ltd. and Baker Hughes Co.[…]
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Natural Gas Futures Steady Following Midweek Swoon — MidDay Market Snapshot
Shale Daily – Natural Gas Intelligence Apr 25, 2024 | 18:46 pmAfter a midweek nosedive, natural gas futures hovered close to even through midday trading Thursday, largely weathering the bearish impact of a high-side injection miss in the latest U.S. Energy Information Administration (EIA) storage data. Here’s the latest: Soon-to-expire May[…]
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Range Resources Sees Strong Natural Gas Demand, Keeps Production Steady
Shale Daily – Natural Gas Intelligence Apr 25, 2024 | 17:43 pmRange Resources Corp. kept natural gas production steady through the first quarter, even as others pulled back, and it expects to maintain the same pace through 2024. The Appalachian Basin pure play’s executives reiterated to analysts during a call to[…]
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