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‘Dramatically Bearish’ Weather Keeps Beating Down Natural Gas Prices
NGI Daily Gas Price Index Jan 24, 2020 | 22:37 pmMild winter temperatures continued their relentless assault on natural gas futures prices Friday as a lack of impressive cold into early February gave bears the initiative; the February Nymex contract slid 3.3 cents to settle at $1.893/MMBtu. March settled at[…]
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Natural Gas Patch Sees Declines as Oil Rig Count Climbs
NGI Daily Gas Price Index Jan 24, 2020 | 21:43 pmThe U.S. natural gas rig count dropped five units to 115 for the week ended Friday (Jan. 24), while the oil patch enjoyed a modest uptick, according to the latest numbers from Baker Hughes Co. (BKR).
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Natural Gas Forwards Plummet as Market Struggles to Digest ‘Very Difficult Metrics’
NGI Daily Gas Price Index Jan 24, 2020 | 21:23 pmNatural gas forward prices continued to collapse during the Jan. 16-22 period, with traditionally premium-priced February contracts sporting $1 handles across most of the country.
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Pipeline to Feed Proposed Quebec LNG Export Facility Advances
NGI Daily Gas Price Index Jan 24, 2020 | 21:10 pmA target of late 2021 or early 2022 has been set by natural gas venture Gazoduq Inc., which is planning a 1.8 Bcf/d pipeline to supply a liquefied natural gas export project on the east coast of Canada, Energie Saguenay.
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NGI 2020: E&Ps Readily Embracing Sustainable, Social, Corporate Initiatives
NGI Daily Gas Price Index Jan 24, 2020 | 15:33 pmMany oil and gas operators are finding that by opening the door to environmental, social and governance initiatives, otherwise known as ESG...
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Path Forward for Jordan Cove LNG Unclear After Project Sponsor Pulls State Permit
NGI Daily Gas Price Index Jan 24, 2020 | 14:22 pmThe sponsor of a major natural gas export project on the West Coast has pulled a key permit related to construction activity in Oregon waters.
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Natural Gas Futures Probing Lower Early as Market Parses ‘Model Chaos’
NGI Daily Gas Price Index Jan 24, 2020 | 13:51 pmNatural gas futures were trading several cents lower early Friday amid a “disappointing” overnight shift in the major weather models, which adopted a warmer outlook through the first week of February. The February Nymex contract was down 4.5 cents to[…]
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Small Rally for Front Month as Depressed Natural Gas Futures Market Waiting on Weather
NGI Daily Gas Price Index Jan 23, 2020 | 22:20 pmAfter recent heavy selling, signs of colder temperatures returning near the end of the 15-day outlook provided enough impetus for a modest natural gas futures rally Thursday; however, an on-target inventory report saw prices pull back a few cents. The[…]
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PG&E, Major Debtors Call Truce but California Governor Still Opposed to Restructuring Plan
NGI Daily Gas Price Index Jan 23, 2020 | 20:40 pmA peace pact of sorts has been reached between PG&E Corp. and some financial adversaries regarding its many layered bankruptcy restructuring plan, but California Gov. Gavin Newsom has taken up the gauntlet to continue battle.
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FERC Delays Action on PennEast Pipeline’s Eminent Domain Petition
NGI Daily Gas Price Index Jan 23, 2020 | 20:34 pmA request from PennEast Pipeline Co. LLC for an order interpreting the Natural Gas Act’s eminent domain authority, which had been on the agenda for FERC’s open meeting in Washington, DC, Thursday, was postponed by the Commission until later this[…]
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