Christopher Lenton

Santiago

Senior Editor, Mexico and Latin America at Natural Gas Intelligence (NGI)

Managing Editor Latin America @NGInews 🇮🇳➡️🇱🇰➡️🇺🇸➡️🇬🇧➡️🇦🇷➡️🇨🇱 Dad @ColumbiaSIPA @trinitycollege alum

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Articles

June Natural Gas Futures Waver Early as Market Sizes Up Evolving Fundamentals

3 days ago | naturalgasintel.com | Kevin Dobbs |Jacob Dick |Christopher Lenton |Andrew Baker

Natural gas futures seesawed on either side of even early Tuesday, with traders anticipating another stout storage increase yet also focusing on static production ahead of fast-approaching summer cooling demand. Coming off a 14.9-cent loss on Monday, the June Nymex gas futures contract was up a penny to $3.656/MMBtu at around 8:40 ET. Wood Mackenzie estimated Lower 48 natural gas production at 103.6 Bcf/d on Tuesday. That was down about 1 Bcf/d from the 30-day average.
No Rest for Canada’s Top Natural Gas E&Ps as Major Export Terminal Nears

4 days ago | naturalgasintel.com | Kevin Dobbs |Jacob Dick |Christopher Lenton |Andrew Baker

Exploration and production (E&P) stalwarts Tourmaline Oil Corp. and Canadian Natural Resources Ltd. both said they generated record natural gas production in the first quarter and expect to maintain momentum to support an expected jump in LNG export demand.
June Natural Gas Futures Steady in Early Trading

4 days ago | naturalgasintel.com | Kevin Dobbs |Jacob Dick |Christopher Lenton |Andrew Baker

Natural gas futures searched for direction as the market kicked off the trading week on Monday. Participants gauged competing factors, with relatively light production favoring price bulls but mild near-term weather and rising levels of supply in storage supporting bearish views. The June Nymex gas futures contract was down 2.5 cents to $3.770/MMBtu as of 8:40 ET. It was trading in a narrow range on either side of Friday’s settlement.
Outlooks for Rising LNG, Utility Demand Ignite Natural Gas Futures Rally

6 days ago | naturalgasintel.com | Jodi Shafto |Jacob Dick |Christopher Lenton |Andrew Baker

Jodi Shafto joined NGI as a Senior Natural Gas Reporter in October 2023. Before that, she was a business news reporter for South Carolina's largest daily newspaper, The Post and Courier, and was a Senior Energy Markets Reporter at S&P Global Market Intelligence. Based out of Charleston, Jodi has covered US energy markets since 2005 as a reporter, editor and analyst. A New Jersey native, she holds a BS in Journalism from Bowling Green State University.
‘First Push of Summer’ Gives Boost to Natural Gas Forward Prices

6 days ago | naturalgasintel.com | Chris Newman |Jacob Dick |Christopher Lenton |Andrew Baker

Natural gas forward prices surged during the May 1-7 trading period as the market responded to summer heat popping up in forecasts and uncertainty in oil markets boosting price outlooks. June fixed prices for all North American hubs rose by an average 36.1 cents during the period, NGI’s Forward Look data show. The biggest price gains were seen in Appalachia, California, the Rockies, Southeast and in West Texas. Stanfield rose 54.1 cents week/week to $3.197 for June delivery.
ConocoPhillips Prepared to Weather Downturn, Committed to Lower 48 Oil, Natural Gas Assets, CEO Says

6 days ago | naturalgasintel.com | Jamison Cocklin |Jacob Dick |Christopher Lenton |Andrew Baker

ConocoPhillips, the world's largest independent oil and gas producer, has no plans to scale back operations as commodity prices and energy demand waver amid a global trade war, despite what CEO Ryan Lance said is a market characterized by “uncertainty and volatility.” Lance told analysts during a call on Thursday to discuss first quarter earnings that the company has decades of inventory it can develop below its $40/bbl West Texas Intermediate (WTI) cost threshold both in the United States...
Coterra ‘Battening Down the Hatches,’ Eyeing Pivot to Natural Gas Opportunities

1 week ago | naturalgasintel.com | Christopher Lenton |Jacob Dick |Andrew Baker |Chris Newman

Coterra Energy Inc. is upping its capital spend in the Marcellus Shale as it continues to see an improving natural gas outlook even as oil markets take a tumble. The company is lowering its overall 2025 capital budget by $100 million to a range of $2.0-2.3 billion. This is “driven by less oil-directed activity partially offset by higher natural gas-directed activity,” according to Coterra's first quarter earnings release.
TotalEnergies Expecting Weak Oil Demand Amid Trade War to Weigh on LNG Prices

1 week ago | naturalgasintel.com | Jamison Cocklin |Jacob Dick |Christopher Lenton |Andrew Baker

TotalEnergies SE is aiming to restart construction at its long-delayed Mozambique LNG project in Africa now that financing for the project has been revived. Management said during a recent call to discuss first quarter earnings that it plans to resume work on the 12.9 million tons/year (Mt/y) project by the middle of the year. The company declared a force majeure and stopped work on the project in 2021 amid rising violence and security threats posed by insurgents in Cabo Delgado province.
June Natural Gas Futures Bounce Back as Friday Trading Commences

1 week ago | naturalgasintel.com | Kevin Dobbs |Jacob Dick |Christopher Lenton |Andrew Baker

Natural gas futures rose early Friday as traders shrugged off a bearish storage print and focused on forecasts for early summer heat. After shedding 2.9 cents on Thursday, the June Nymex gas futures contract was up 6.3 cents to $3.655/MMBtu at around 8:35 ET. NatGasWeather said forecasts called for near normal temperatures and modest natural gas demand through next week.
Storage Build, Fundamental Weakness Stifle Early Natural Gas Futures Advance

1 week ago | naturalgasintel.com | Jodi Shafto |Jacob Dick |Christopher Lenton |Andrew Baker

Jodi Shafto joined NGI as a Senior Natural Gas Reporter in October 2023. Before that, she was a business news reporter for South Carolina's largest daily newspaper, The Post and Courier, and was a Senior Energy Markets Reporter at S&P Global Market Intelligence. Based out of Charleston, Jodi has covered US energy markets since 2005 as a reporter, editor and analyst. A New Jersey native, she holds a BS in Journalism from Bowling Green State University.