Articles tagged waha

DeLa Express LLC took the next steps toward gaining FERC approval to construct the 2 Bcf/d interstate pipeline project to move natural gas out of the Permian Basin.

Natural gas futures bounced off seasonal lows on Tuesday, advancing for only the third time this month amid lighter production readings, bullish storage expectations and signs of new activity at a key export facility following damage caused by former Hurricane Beryl.

August Nymex natural gas futures were higher Friday, abruptly ending a three-day routing to close the week with a 6.1-cent gain, as traders covered short positions and anticipated a demand boost.

August natural gas futures were trading lower through midday Thursday after the latest weekly storage injection landed above historical levels.

Natural gas futures reversed early gains in an apparent shrugging off of the impacts of former Hurricane Beryl as the market focused instead on revised weather outlooks that erased cooling degree days (CDD), even as excessive heat is expected to grip large portions of the country.

Natural gas futures flipped negative through midday trading Tuesday after weather forecasts shaved off some of the Lower 48’s blistering heat expected over the next two weeks.

In the workweek ahead of the Fourth of July, natural gas cash prices dropped amid strong production and easing demand because of a cooldown in the country’s midsection and business closures for the holiday.

Energy executives working in the most prolific natural gas and oil region of the United States are forecasting Henry Hub prices will average $3.01/MMBtu at year’s end, according to the Federal Reserve Bank of Dallas.

Weekly natural gas cash prices dropped in the final week of June – after rallying through the first three weeks of the month – despite exceptional early summer heat and forecasts for more to come.

With summer heat falling short of record forecasts and natural gas storage levels still well above historical levels, gas forwards slipped at the front of the curve during the June 20-26 trading period, according to NGI’s Forward Look.