Midstream

Potential March Cold, Technicals Drive Natural Gas Futures Higher on Wednesday

This post was originally published on this siteNatural gas futures strengthened midweek as the ramp-up of full operations at a key export facility combined with the potential for March cold to support the market. With technical trading likely aiding the rally, the March Nymex gas futures contract settled Wednesday at $2.174/MMBtu, up 10.1 cents on […]

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Matador CEO Says Independent Not Ready to ‘Rest on our Laurels’ in Permian, Advancing Bolt-On

This post was originally published on this siteMatador Resources Co. finished off 2022 with record natural gas and oil production, positioning the independent to expand its midstream operations and integrate a $1.6 billion bolt-on in the Permian Basin of Advance Energy Partners LLC.  The producer reported 38.5 million boe in 2022, up 22% from 2021.

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March Natural Gas Futures Tread Water Following Seasonally Modest Storage Pull

This post was originally published on this siteThe U.S. Energy Information Administration (EIA) on Thursday reported a withdrawal of 71 Bcf natural gas from storage for the week ended Feb. 17. The result was slightly stronger than expectations but weak relative to historical averages, leaving Nymex natural gas futures trading sideways. Production has held strong

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March Baseload Natural Gas Prices Seen Lower as Spring’s Arrival Trumps Passing Winter Storms

This post was originally published on this siteBaseload natural gas prices for March were tracking mostly lower as the market appeared to close the book on winter and focused on increasing warmth in the coming weeks and robust supplies, according to NGI’s Bidweek Alert (BWA). Though the region on Wednesday was in the midst of

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U.S. LNG Rescued Energy-Starved Europe, but ‘Real Test’ Forecast Next Winter

This post was originally published on this siteRussia’s invasion into Ukraine one year ago led to concerns about the security of energy supplies, but U.S. LNG was up to the task, assuaging short-term widespread damage. The questions now are about how to prepare for winters to come, with additional gas export capacity possibly years away.

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Marathon Oil Eyeing Flat Output Growth, Increased LNG Price Exposure After Strong 2022

This post was originally published on this siteMarathon Oil Corp. is aiming to hold its Lower 48 natural gas and oil production flat in 2023, and ditch Henry Hub for global price indexing at its Equatorial Guinea LNG (EGLNG) business in 2024, according to management. CEO Lee Tillman hosted a conference call to discuss the

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Natural Gas Futures Close to Unchanged Early as Traders Brace for Weak Withdrawal from EIA

This post was originally published on this siteAs the market prepared to digest a significantly lighter-than-average winter withdrawal in the latest round of government inventory data, natural gas futures traded both sides of even early Thursday.  At around 8:40 a.m. ET, the March Nymex contract was off 0.6 cents to $2.168/MMBtu. April was down 0.5

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