Forecasts over the weekend pointed to mild conditions to end the month, albeit with a somewhat cooler outlook from one of the major weather models, and natural gas futures were trading close to even early Monday. The April Nymex futures contract was up 1.6 cents to $2.811/MMBtu shortly after 8:30 a.m. ET.
With forecasts offering a clearer -- and generally bearish -- picture on the weather outlook through the end of the heating season, natural gas futures sold off Friday. In the spot market, forecasts for colder temperatures expected over the weekend boosted prices in the Northeast, while points in the West declined; the NGI Spot Gas National Avg. fell 13.5 cents to $2.715/MMBtu.
Rick Perry is a big tent guy when it comes to energy, be it natural gas, oil, coal or renewables, and the Department of Energy secretary is all ears to hear more about the proposed Green New Deal legislation now sparking bipartisan criticism, he said Wednesday.
A Texas appeals court panel has ruled that Chesapeake Energy Corp. should have paid oil and gas royalties to Eagle Ford Shale leaseholders based on the gross proceeds from an adjacent well, not from take points within the trigger distances of the leases.
The Interior Department's Bureau of Land Management has finalized Obama-era revisions to conserving greater sage grouse habitat in seven western states, in effect easing restrictions for oil and natural gas leasing.
Even fewer independent operators pushed combined conventional and unconventional natural gas production to new highs in Ohio last year, as the consolidation that’s occurred in the state over the last decade continued, according to data included in the Ohio Oil and Gas Association’s annual Debrosse Memorial Report.
The overall U.S. rig count held steady for the week ended Friday (March 15), though regionally there were some notable changes in activity, including gains in North Dakota and a slowdown in Oklahoma, according to data from Baker Hughes, a GE Company.
After a month of weekly gains, natural gas forward prices slammed the brakes as the latest weather models indicated the end of winter is fast approaching. April forward prices fell an average 7 cents from March 7-13, while May and the summer strip (April-October) each fell less than a nickel, according to NGI’s Forward Look.