Story of the day
Could Summer Demand, Lower Production Curb East Region Natural Gas Inventory Surpluses?
Earnings
ExxonMobil Sees ‘Long-Term Future’ for Natural Gas and Oil – with Targets on Low Cost of Supply, Woods Says
ExxonMobil will add more natural gas – including LNG – into the portfolio, both in the United States and overseas, as long as they are “advantaged investment opportunities,” according to CEO Darren Woods. During the quarterly conference call on Friday, Woods was asked whether more liquefied natural gas assets would be added to the portfolio…
April 26, 2024
Markets
Weekly Natural Gas Cash Spot Prices Move Higher as Futures Stumble
Weekly natural gas cash prices gained ground on the back of strong gains in West Texas in a week that was marked by stronger LNG feed gas flows and modestly higher weather-driven demand. NGI’s Weekly Spot Gas National Avg. for the April 22-26 trading period climbed 9.5 cents to $1.230/MMBtu. Among the top weekly gainers,…
April 26, 2024
Earnings
Equinor Expects Asia, LNG Competition to Drive European Natural Gas Prices
Equinor ASA expects competition for LNG with Asia and weather to be the largest drivers of European natural gas prices as markets continue to shift, creating a floor for global benchmarks. After another mild winter helped Europe exit its second heating season without major Russian pipeline gas supplies and sizable storage inventories, CFO Torgrim Reitan…
April 26, 2024
Regulatory
Mexico Energy Under Sheinbaum Could Follow Similar AMLO Model, Expert Analyst Says
Mexico’s reliance on U.S. natural gas imports is likely to increase if Claudia Sheinbaum, who is expected to win Mexico’s June 2 presidential election, maintains the state-centric approach of outgoing President Andrés Manual López Obrador, aka AMLO, according to analyst Carlos Ramírez Fuentes. Ramírez, a political and economic risk consultant at Mexico City-based Integralia Consultores,…
April 26, 2024
Earnings
Matador Bullish Even on Weak Waha Prices, as NGLs Diversifying Delivery Options
Dallas-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, about 25% lower year/year. What stoked the performance was the diversified portfolio, executives explained during…
April 26, 2024
Haynesville Shale
Plunging Haynesville Production Leads Overall Natural Gas Supply Cut; Price Response Muted
Natural 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 and balance an oversupplied market. Prices, however, have yet to respond, given a substantial supply…
April 26, 2024
E&P
U.S. Natural Gas Count Eases to 105; Oil Rigs Down Five, BKR Data Show
The U.S. natural gas rig count eased one unit lower to 105 for the week ended Friday (April 26), while a decline of five oil-directed rigs dropped the combined domestic tally six units week/week to 613, according to updated numbers from Baker Hughes Co. (BKR). The 105 active natural gas rigs in the United States…
April 26, 2024
Markets
May Natural Gas Bidweek Prices Depressed on Second Day of Trade
As 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 on volume, Dawn in the Midwest saw 249,000 MMBtu/d in total volumes traded in 64…
April 26, 2024
Energy Transition
TotalEnergies Amplifying U.S. RNG for Industrial Decarbonization
TotalEnergies SE has inked an agreement with BlackRock Inc.-backed Vanguard Renewables to advance nearly a dozen U.S. renewable natural gas (RNG) projects over the next year with total annual production capacity of 2.5 Bcf. Boston-based Vanguard, funded by BlackRock’s Diversified Infrastructure segment, plans initially to develop 10 projects. The first three from the joint venture…
April 26, 2024Recent News
Natural Gas Prices
Natural Gas Futures Rallying as Freeport Volumes Return — MidDay Market Snapshot
Apr 29, 2024
NGI All News Access
Lower 48 E&P Activity Waning but Renewed Opportunities Seen in Deepwater GOM
Apr 29, 2024
Natural Gas Prices
May Natural Gas Bidweek Ends with Whimper; Demand Too Weak to Trim Robust Supply
Apr 29, 2024
Permian Basin
Chevron’s Permian Operations See Improvements in ‘Frack-to-Pop Cycle Times’
Apr 29, 2024
Daily Gas Price Index
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LNG
Venture Global Aims for Plaquemines LNG First Production By Summer – The Offtake
A roundup of news and commentary from the global gas market Venture Global LNG Inc. is looking to import at least three liquefied natural gas cargoes to aid in commissioning of Plaquemines LNG, according to a Department of Energy (DOE) filing. The Virginia-based company asked DOE for permission to import up to 600 MMcf over…
April 29, 2024Natural Gas Prices
Freeport Restart Pushes Global Natural Gas Prices Lower – LNG Recap
April 29, 2024Mexico Gas Price Index
Daily news and natural gas pricing information service focused on price transparency in Mexico.
• Experienced insight into Mexican regulatory requirements, process guidelines and governmental oversight
• Regular interviews with Mexico natural gas subject matter experts
• NGI-calculated cost-plus-transport pricing, as well as official IPGN pricing
Markets
LNG Uptick, Production Weakness Nudge Natural Gas Futures Higher Early
Natural gas futures clawed back some of their recent losses early Monday as soft production and hints of strengthening export demand supported prices. Coming off a 6.3-cent sell-off in Friday’s session, the June Nymex contract was up 2.3 cents to $1.946/MMBtu at around 8:45 a.m. ET. The May contract rolled off the board late last…
April 29, 2024Regulatory
Mexico Energy Under Sheinbaum Could Follow Similar AMLO Model, Expert Analyst Says
April 26, 2024Markets
Natural Gas Futures Slide as Hefty Wind Generation Plumps Up Weekly Storage Print
April 25, 2024Shale Daily
Impactful news and transparent pricing for shale and unconventional plays across the U.S. and Canada.
• Natural gas prices at 20+ North American shale basins and unconventional plays
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LNG
Venture Global Aims for Plaquemines LNG First Production By Summer – The Offtake
A roundup of news and commentary from the global gas market Venture Global LNG Inc. is looking to import at least three liquefied natural gas cargoes to aid in commissioning of Plaquemines LNG, according to a Department of Energy (DOE) filing. The Virginia-based company asked DOE for permission to import up to 600 MMcf over…
April 29, 2024Natural Gas Prices
Freeport Restart Pushes Global Natural Gas Prices Lower – LNG Recap
April 29, 2024Natural Gas Prices