U.S. NatGas Production to Hit Record High in 2023, Demand to Fall

Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about… Continue reading The post U.S. NatGas Production to Hit Record High in 2023, Demand to Fall first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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M-U April NatGas Production Falls 400 MMcf/d in Ohio, SW Pa.

S&P Global Commodity Insights reports that natural gas production in the Marcellus/Utica has fallen this month, in April, by some… Continue reading The post M-U April NatGas Production Falls 400 MMcf/d in Ohio, SW Pa. first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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CoBank: The Beginning of the End for Cheap Shale Gas

Lately, we keep reading predictions that the price of natural gas, while in the basement right now (low $2 range),… Continue reading The post CoBank: The Beginning of the End for Cheap Shale Gas first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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April STEO Trims 2023 Henry Hub by Another 3% to $2.94/MMBtu

Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about… Continue reading The post April STEO Trims 2023 Henry Hub by Another 3% to $2.94/MMBtu first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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NYMEX Henry Hub Crashing and Burning – Lowest Close in 30 Months

We consider $2/MMBtu to be “the basement” when it comes to the price of natural gas trading at the nation’s… Continue reading The post NYMEX Henry Hub Crashing and Burning – Lowest Close in 30 Months first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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BKV IPO On Hold, M&A Deals Falling Apart Due to Low Gas Prices

CERAWeek, happening this week in Houston, Texas, is one of (perhaps THE) premier oil and gas conferences held each year…. Continue reading The post BKV IPO On Hold, M&A Deals Falling Apart Due to Low Gas Prices first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Analyst Says if Haynesville Doesn’t Dial Back, M-U Will Suffer

Enverus Intelligence Research (EIR), a subsidiary of Enverus, released its latest Macro Forecaster, a report developed for the financial services… Continue reading The post Analyst Says if Haynesville Doesn’t Dial Back, M-U Will Suffer first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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March STEO Slashes 2023 Henry Hub by Another 11% to $3.02/MMBtu

Once a month, U.S. Energy Information Administration (EIA) analysts issue the agency’s Short-Term Energy Outlook (STEO), their best guess about… Continue reading The post March STEO Slashes 2023 Henry Hub by Another 11% to $3.02/MMBtu first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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NYMEX Price Crashes Following Warm 15-Day Weather Predictions

Even though the Freeport LNG export facility is in the midst of restarting and is now using 1.5 Bcf/d (billion… Continue reading The post NYMEX Price Crashes Following Warm 15-Day Weather Predictions first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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Ongoing Low NatGas Prices Affecting Production, M&A, Everything

According to a recent Reuters article, “A 46% drop in natural gas prices this year is rippling across the U.S…. Continue reading The post Ongoing Low NatGas Prices Affecting Production, M&A, Everything first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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New England to See Sky-High Electricity Bills Well into the 2030s

Here’s a fact that mainstream media largely ignores: Households in the Boston area pay about 50% more for electricity than… Continue reading The post New England to See Sky-High Electricity Bills Well into the 2030s first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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NYMEX Futures Price Hits 21-Month Low, Settles at $2.68/MMBtu

This is getting painful. Are we beginning to settle into “lower for longer” once again, with natural gas prices trading… Continue reading The post NYMEX Futures Price Hits 21-Month Low, Settles at $2.68/MMBtu first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.

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