This post was originally published on this siteNymex January natural gas futures traded near unchanged in the week’s closing session, picking up a slight 1.2 cents to a settlement at $2.814/MMBtu. Participants expected the recent blast of cold weather would drive the first substantial withdrawal from natural gas inventories but saw little additional weather-related demand …

January Natural Gas Notches Modest Gain In Week’s Final Session Read More »

This post was originally published on this siteNatural gas prices were a mixed bag in December bidweek trading, with some support coming via the arrival of robust heating demand in northern markets and new pipeline capacity out of West Texas broadening its sales base. However, relatively balmy forecasts for early December and a hefty wall …

December Natural Gas Bidweek Prices Mixed as Mild Forecasts, Stout Supply Blunt Some of Winter’s Impact Read More »

This post was originally published on this siteFacing a mild December forecast and record-level production flowing into the market, regional natural gas forwards underwent widespread selling during the Nov. 22-29 period, NGI’s Forward Look data show. January fixed prices at benchmark Henry Hub sold off 17.8 cents to end the period at $2.819/MMBtu, and January …

Natural Gas Forwards Pressured Lower on Supply, Mild Temps; East Coast Basis Strengthens Read More »

This post was originally published on this siteThe U.S. natural gas rig count slid one unit to 116 for the week ended Friday (Dec. 1), while gains in the oil patch lifted the overall domestic count to 625, according to the latest figures from Baker Hughes Co. (BKR). Changes in the United States for the …

Natural Gas Rig Count Eases Lower as Oil Drilling Powers Domestic Activity Gains Read More »

This post was originally published on this site U.S. oil refiner Phillips 66 has retained two top financial and legal advisers for its duel with activist investor Elliott Investment Management, according to a person familiar with the matter.

This post was originally published on this site (PGJ) — Williams secures third-largest DJ Basin gathering position through the acquisition of Cureton Front Range LLC, including gas gathering pipelines and two processing plants, and the purchase of KKR’s 50% ownership in Rocky Mountain Midstream Holdings LLC, achieving 100% ownership of RMM.