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Matador Bullish Even on Weak Waha Prices, as NGLs Diversifying Delivery Options
Daily GPI – 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
Daily GPI – 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
Daily GPI – 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
Daily GPI – 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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Hammerfest, Freeport Outages Send Global Natural Gas Prices Higher – Three Things to Know About the LNG Market
Daily GPI – 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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Range Resources Sees Strong Natural Gas Demand, Keeps Production Steady
Daily GPI – 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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Navigating the New LNG Regulatory Landscape – Listen Now to NGI’s Hub & Flow
Daily GPI – Natural Gas Intelligence Apr 25, 2024 | 16:27 pmClick here to listen to the latest episode of NGI’s Hub & Flow podcast. Neil Chatterjee, a former FERC chairman and commissioner, joins NGI’s Jamison Cocklin, managing editor of LNG, to discuss the political and regulatory aspects of President Biden’s[…]
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May Natural Gas Futures Shake Off Plump Build to Narrow Declines
Daily GPI – Natural Gas Intelligence Apr 25, 2024 | 15:23 pmThe latest natural gas storage report by the U.S. Energy Information Administration (EIA) surprised the market with a bigger-than-expected 92 Bcf injection for the week ended April 19. Natural gas futures initially responded by trading lower before narrowing their day/day[…]
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Premium Too High for Customers Requesting Renewable Fuels, Natural Gas Suppliers Say
Daily GPI – Natural Gas Intelligence Apr 25, 2024 | 13:48 pmNatural gas end users are increasingly focused on sustainability and have shown a keen interest in the availability of low carbon fuel options. Still, the question often arises – are they willing to pay a premium? At the recent LDC[…]
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Baker Hughes CEO Heralds ‘The Age of Gas,’ Touts LNG as Climate Solution
Daily GPI – Natural Gas Intelligence Apr 25, 2024 | 13:15 pmThe world’s energy companies are becoming more pragmatic in their approach to reaching net-zero emissions and Baker Hughes Co.’s customers plan to boost their natural gas exposure in the coming years, CEO Lorenzo Simonelli said. It is “becoming clearer just[…]
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