NEWS

Natural Gas News Feed

• U.S. Natural Gas Futures Plummet Further as Forecasts Extend Bearish Trends
  January 22, 2020
  February Nymex futures down 10.8 cents to $1.895/MMBtu, March down 9.6 cents to $1.889 “Prices are now entering territory not seen for four years”: Enverus “The data is about as bearish as it can get,” says NatGasWeather Northern Natural, El Paso maintenance events impacting Permian outflows: Genscape
• McDermott Expects Natural Gas, Oil Projects to ‘Seamlessly’ Continue through Chapter 11 Process
  January 22, 2020
  U.S. natural gas export projects underway on the Gulf Coast and other plans in the works are to “continue seamlessly” after McDermott International Inc. launched a prepackaged Chapter 11 restructuring on Tuesday.
• Production Growth From Key Onshore Unconventional Plays Nearly Flat Next Month, Says EIA
  January 22, 2020
  Natural gas and oil and production from seven of the United States' most prolific onshore unconventional plays is expected to increase in February compared with January, but at a markedly slower pace than in the recent past, according to the Energy Information Administration (EIA).
• Permian Pushes New Mexico to Record $3.1B in Oil, Natural Gas Revenue
  January 22, 2020
  With New Mexico’s portion of the prolific Permian Basin in full gear, the state reported record revenue of $3.1 billion from the oil and natural gas sector in 2019, nearly one-third higher than the $2.2 billion in 2018.
• Natural Gas Futures Called Slightly Higher as Weather Outlook Mostly Unchanged
  January 22, 2020
  After a sharp sell-off over the holiday weekend, and with the weather outlook largely unchanged day/day, natural gas futures were trading close to even early Wednesday. The February Nymex contract was trading 1.4 cents higher at $1.909/MMBtu at around 8:40 a.m. ET.

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