Memorial Resource Development Corp

In its March report, the EIA stated that the US natural gas supply-demand gap could average 2.89 Bcf per day in 2016 and rise to 4.05 Bcf per day in 2017.

Aegent Energy Advisors estimates that US natural gas prices are expected to trade below $3.27 per MMBtu this winter from November 2016 to March 2017.

US natural gas inventories are 22.1% higher than their five-year average. High natural gas inventories could pressure natural gas prices.

In its March Short-Term Energy Outlook report, the EIA forecast that the US natural gas supply-demand balance could average around 2.9 Bcf per day in 2016.

The EIA estimates that US dry natural gas production could average 73.7 Bcf per day in 2017 and 77.7 Bcf per day in 2018.

US natural gas inventories are 4.6% above their five-year average. However, the surplus is shrinking.

As of April 6, 2017, US natural gas prices are above their 20-day, 50-day, 100-day, and 200-day moving averages. That suggests a bullish momentum for natural gas.

Aegent Energy Advisors estimates that US natural gas prices won’t exceed $2.92 per MMBtu (million British thermal units) in December 2016.

The EIA forecast that the US natural gas supply and demand gap will be 4.1 Bcf per day in 2016 and 4.4 Bcf per day in 2017.

World Bank forecast that US natural gas prices will average $2.30 per MMBtu in 2016, $3.00 per MMBtu in 2017, and $3.50 per MMBtu in 2018.

Weekly US dry natural gas production rose 0.3% to 70 Bcf (billion cubic feet) per day between April 27 and May 3, 2017.

Aegent Energy Advisors estimates that US natural gas prices won’t exceed $4.11 per MMBtu (million British thermal units) in January 2017.

The EIA (U.S. Energy Information Administration) estimates that US natural gas prices could average $3.43 per MMBtu in 2017 and $3.70 per MMBtu in 2018.

The EIA estimates that US natural gas prices could average $3.06 per MMBtu in 2017—1.4% lower than previous estimates.

The EIA reported that US natural gas inventories rose by 46 Bcf (billion cubic feet) to 2,816 Bcf on June 16–23, 2017.

On May 25, the EIA released its weekly natural gas inventory report. US natural gas inventories rose by 75 Bcf to 2,444 Bcf on May 12–19, 2017.

The EIA reported that US natural gas inventories rose by 54 Bcf to 2,115 Bcf on April 7–14, 2017. Inventories rose 2.6% week-over-week but fell 14.8% YoY.

The EIA reported that US natural gas inventories rose by 10.0 Bcf (billion cubic feet) to 2,061 Bcf between March 31, 2017, and April 7, 2017.

The EIA released its weekly natural gas inventory report on April 6, 2017. US natural gas inventories rose 2.0 Bcf to 2,051 Bcf from March 24–31, 2017.

The latest weather reports suggest that cold weather will persist for a few days in the northern and eastern parts of the US.

US natural gas inventories are at 2,356 Bcf for the week ending February 17, 2017—10% lower than the same period in 2016.

US natural gas inventories are at 2,559 Bcf for the week ending February 3, 2017—11.3% lower than the same period in 2016.

For the week ending January 13, US natural gas inventories were 2.6% lower than the five-year average. They’re also 13% less than the same period in 2016.

The EIA reported that US natural gas inventories fell by 151 Bcf (billion cubic feet) to 3,160 Bcf between December 30, 2016, and January 6, 2017.

November natural gas futures contracts rose 0.3% and closed at $3.05 per MMBtu on October 6, 2016. Prices rose despite the warmer-than-normal weather.

Currently, ~49% of Wall Street analysts rate EOG Resources (EOG) as a “buy” and ~49% of analysts rate it as a “hold.”

Currently, ~69% of Wall Street analysts rate Devon Energy (DVN) as a “buy” and ~28% of analysts rate it as a “hold.”

Market intelligence company PointLogic reported that US natural gas consumption rose by 4.4% for the week ended July 13, 2016. compared with the previous week.

August natural gas futures contracts fell by 0.37% and closed at $2.72 per MMBtu on Thursday, July 14. Prices fell due to the larger-than-expected rise in natural gas inventories.

PointLogic reported that US natural gas consumption fell by 3.7% between June 30, 2016, and July 6, 2016. This was the first fall in the last five weeks.

Net long positions rose by 21,586 contracts to 213,075 contracts for the week ended June 21, 2016, compared to the previous week.

Range Resources is growing its portfolio in the Southeast US. Natural gas exports seem to be a promising growth area. The deal will enhance its credit profile.

In 4Q15, Memorial Resource Development exchanged its existing 2018 crude oil (USO) (SCO) and natural gas (UNG) (UGAZ) (DGAZ) hedges.

US natural gas prices have fallen for the third time in the last five trading sessions. Prices are following the long-term bearish trend and trading close to 16-year lows.

The EIA, in its November Short-Term Energy Outlook, reported that natural gas inventories for the week ending October 30 reached 3,929 billion cubic feet.

The current natural gas stocks are 11.8% more than the level of 3,468 Bcf in 2014. They’re also 4.1% greater than the five-year seasonal average of 3,724 Bcf.

The natural gas inventory rose to 3,877 Bcf for the 30th consecutive week in the week ending October 23, 2015.

US households use 49% of the natural gas for heating needs. The lower cost of natural gas and clean energy will drive the demand for natural gas.

Warm weather was the catalyst that killed the natural gas market in October. Prices fell 8% in October due to warmer-than-normal winter weather estimates.

According to the EIA, US natural gas stocks rose by 63 billion cubic feet to 3,877 Bcf for the week ended October 23, 2015.

Government data showed natural gas inventories rose by 81 Bcf (billion cubic feet) to 3,814 Bcf for the week ended October 16, 2015.

For the week ending October 24, 2014, natural gas stocks rose by 87 Bcf. Mild winter weather and record production could push natural gas inventory higher.

August natural gas futures contracts trading on the NYMEX resumed their rally on Thursday, July 15, 2015.