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3 days ago | 
naturalgasintel.com | Chris Newman |Jodi Shafto
Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.
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4 days ago | 
naturalgasintel.com | Jodi Shafto |Chris Newman |Christopher Lenton |Carolyn Davis
Short-covering ahead of moderately warmer weather changed the dynamics for natural gas futures as the July contract surged on Monday and shifted technical support to the upside. Prompt month futures settled the week’s opening session up 24.7 cents at $3.694/MMBtu. Trading occurred within a $3.501-3.732 range. July futures were modestly lower early on Tuesday.
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4 days ago | 
naturalgasintel.com | Chris Newman |Jodi Shafto
Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.
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1 week ago | 
naturalgasintel.com | Chris Newman |Carolyn Davis |Jodi Shafto |Christopher Lenton
Chris Newman joined NGI in October 2023. He worked 18 years at Argus Media, starting in 2004 in Washington, D.C., where he covered U.S. thermal/coking coal markets and rail transportation. In 2014, he moved to Singapore to help lead Argus’ coverage of steel and its raw material feedstocks. A graduate of the University of Virginia, Chris returned to his native Virginia in 2021.
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1 week ago | 
naturalgasintel.com | Jodi Shafto
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.
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1 week ago | 
naturalgasintel.com | Jamison Cocklin |Chris Newman |Carolyn Davis |Jodi Shafto
EOG Resources Inc. said Friday it would take over Encino Acquisition Partners (EAP) in a $5.6 billion deal to boost its position in Ohio to 1.1 million net acres, making the company a leading producer in the play. EOG is acquiring EAP’s 675,000 net acres that span the Utica’s oil and gas windows. The assets represent more than 2 billion boe of undeveloped resources. EOG said it would fund the acquisition with $3.5 billion of debt and $2.1 billion of cash on hand.
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1 week ago | 
naturalgasintel.com | Andrew Baker |Chris Newman |Carolyn Davis |Jodi Shafto
Natural gas forward pricing fell during the May 22-28 trading period, as consecutive triple-digit storage builds and sluggish near-term demand weighed on sentiment. June basis differentials strengthened substantially in the Rocky Mountains and Southern California, but weakened significantly in Appalachia, NGI’s Forward Look data show. Meanwhile, forward fixed prices fell across the curve, and at nearly all locations.
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1 week ago | 
naturalgasintel.com | Carolyn Davis |Chris Newman |Jodi Shafto |Christopher Lenton
In a bet that the Trump administration will clear the hurdles, Williams late Thursday said it would restart the regulatory process for two natural gas systems in the Northeast, including Constitution Pipeline, which was shelved in 2020, and the Northeast Supply Enhancement (NESE) project. In a petition filed with FERC, Williams asked to expedite and reissue the certificate of public convenience and necessity for NESE, a 400 MMcf/d system, a spokesperson told NGI.
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1 week ago | 
naturalgasintel.com | Jacob Dick |Chris Newman |Carolyn Davis |Jodi Shafto
Henry Hub prices are set to play an outsized role in Europe’s long-term and spot LNG trades through the decade as buyers continue to rely on U.S. natural gas volumes, according to a review from European Union (EU) regulators. Last year, LNG imports made up about 40% of EU gas supply, up from 23% in 2020. The majority of Europe’s LNG supply continued to come from the United States.
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1 week ago | 
naturalgasintel.com | Jodi Shafto |Chris Newman |Carolyn Davis |Christopher Lenton
Emerging summer-like weather patterns were altering the landscape as July futures struggled to find direction early this morning. A sixth consecutive triple-digit storage build may unfold for the week ending May 30. However, rising temperatures, strengthening demand, and declining renewable generation suggested an increasingly bullish tenor. July Nymex natural gas futures were 4.1 cents lower at $3.481/MMBtu as of 8:45 a.m. ET. The prompt month contract hit an overnight high of $3.564.
