Memorial Resource Development Corp

Latest Memorial Resource Development Corp News and Updates

  • uploads///NG prices
    Macroeconomic Analysis

    Behind the Natural Gas Price Forecasts for 2016 and 2017

    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.

    By Gordon Kristopher
  • uploads///ng
    Macroeconomic Analysis

    Winter Weather and Inventories Could Impact Natural Gas Prices

    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.

    By Gordon Kristopher
  • uploads///NG prices
    Energy & Utilities

    The EIA Upgrades US Natural Gas Forecast for 2016

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

    By Gordon Kristopher
  • uploads///NG prices
    Macroeconomic Analysis

    What’s the Long-Term US Natural Gas Price Forecast?

    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.

    By Gordon Kristopher
  • uploads///production
    Macroeconomic Analysis

    US Natural Gas Production Rose Last Week

    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.

    By Gordon Kristopher
  • uploads///NG prices oct
    Macroeconomic Analysis

    How Will Natural Gas Prices Move in November and Beyond?

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

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    The Rise or Fall of US Natural Gas Prices in 2Q17

    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.

    By Gordon Kristopher
  • uploads///NG prices nov
    Macroeconomic Analysis

    Natural Gas Prices Could Be Weak the Rest of 2016

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

    By Gordon Kristopher
  • uploads///NG prices
    Macroeconomic Analysis

    What’s the Natural Gas Price Forecast for 2016 and 2017?

    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.

    By Gordon Kristopher
  • uploads///NG prices September forecast
    Macroeconomic Analysis

    US Natural Gas Price Forecast for 2017 and Beyond

    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.

    By Gordon Kristopher
  • uploads///ng production
    Miscellaneous

    How Weekly US Natural Gas Production Trended in Early May

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

    By Gordon Kristopher
  • uploads///ng forecast
    Macroeconomic Analysis

    Analysts’ Estimates for US Natural Gas Prices in 2017

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

    By Gordon Kristopher
  • uploads///image
    Macroeconomic Analysis

    Will US Natural Gas Prices Hit $2.25 per MMBtu?

    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.

    By Gordon Kristopher
  • uploads///NG price forecast
    Energy & Utilities

    US Natural Gas Prices: Moving Averages and Price Forecasts

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

    By Gordon Kristopher
  • uploads///NG Inventory
    Miscellaneous

    Natural Gas Inventories: Almost 7% Higher than the 5-Year Average

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

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Large Rise in US Natural Gas Inventories Pressured Prices

    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.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    US Natural Gas Inventories Pressure Prices

    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.

    By Gordon Kristopher
  • uploads///image
    Miscellaneous

    Slowing US Natural Gas Inventories: Bullish for Prices?

    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.

    By Gordon Kristopher
  • uploads///rig count
    Miscellaneous

    US Natural Gas Inventories: Bullish or Bearish for Prices?

    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.

    By Gordon Kristopher
  • uploads///cold weather
    Macroeconomic Analysis

    Will Cold Weather Forecasts Boost Natural Gas Prices?

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

    By Gordon Kristopher
  • uploads///inventory by region
    Macroeconomic Analysis

    Decoding US Natural Gas Inventories: Week Ending February 17

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

    By Gordon Kristopher
  • uploads///inventory by region
    Macroeconomic Analysis

    Decoding Natural Gas Inventories: Week Ending February 3

    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.

    By Gordon Kristopher
  • uploads///image
    Macroeconomic Analysis

    Natural Gas Inventories Are below the 5-Year Average

    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.

    By Gordon Kristopher
  • uploads///image
    Macroeconomic Analysis

    US Natural Gas Inventories Boosted Natural Gas Prices

    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.

    By Gordon Kristopher
  • uploads///weather
    Macroeconomic Analysis

    How’s the Weather Impacting US Natural Gas Prices?

    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.

    By Gordon Kristopher
  • uploads///EOG Q Pre Analysts
    Earnings Report

    Wall Street’s Pre-Earnings Release Ratings for EOG Resources

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

    By Nicholas Chapman
  • uploads///DVN Q Pre Analysts
    Earnings Report

    Wall Street’s Pre-Earnings Results Ratings for Devon Energy

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

    By Nicholas Chapman
  • uploads///NG consumption
    Energy & Utilities

    US Natural Gas Consumption Rose in the Week Ended July 13

    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.

    By Gordon Kristopher
  • uploads///weather summer
    Energy & Utilities

    Natural Gas Prices Fell despite Hot Summer Weather Forecast

    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.

    By Gordon Kristopher
  • uploads///NG consumption
    Energy & Utilities

    Why US Natural Gas Consumption Fell for the First Time in 5 Weeks

    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.

    By Gordon Kristopher
  • uploads///cftc new
    Macroeconomic Analysis

    Hedge Funds’ Net Long Positions Rose for the First Time in 5 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.

    By Gordon Kristopher
  • uploads///MRD RRC transaction rationale
    Miscellaneous

    Rationale for the Memorial Resource-Range Resources Transaction

    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.

    By Brent Nyitray, CFA, MBA
  • uploads///MRD Industry Leading Hedge Position
    Company & Industry Overviews

    Memorial Resource Development: 100% Hedge Protection

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

    By Nicholas Chapman
  • uploads///NG prices
    Macroeconomic Analysis

    What’s the Long-Term Forecast for Natural Gas Prices?

    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.

    By Gordon Kristopher
  • uploads///U
    Macroeconomic Analysis

    What Led Natural Gas Prices to Fall?

    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.

    By Manu Milan
  • uploads///NG inventory
    Macroeconomic Analysis

    Will Natural Gas Stocks’ Data Put Pressure on Natural Gas Prices?

    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.

    By Gordon Kristopher
  • uploads///NG inventory
    Macroeconomic Analysis

    Will the Natural Gas Inventory Rise for the 31st Straight Week?

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

    By Gordon Kristopher
  • uploads///NG used for elec production
    Macroeconomic Analysis

    Inventory and Demand Could Drive Natural Gas Prices Lower

    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.

    By Gordon Kristopher
  • uploads///weather ng
    Macroeconomic Analysis

    Weather: Key Catalyst for Natural Gas Prices in the Short Term

    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.

    By Gordon Kristopher
  • uploads///NG inventory
    Macroeconomic Analysis

    Weekly US Natural Gas Inventories Have Risen Since April 2015

    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.

    By Gordon Kristopher
  • uploads///NG inventory chart
    Macroeconomic Analysis

    Will Natural Gas Inventories Rise for a Thirtieth Straight Week?

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

    By Gordon Kristopher
  • uploads///NG inventory chart
    Macroeconomic Analysis

    Record Natural Gas Inventory: Downward Pressure on Prices

    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.

    By Gordon Kristopher
  • uploads///NG three months futures price chart
    Macroeconomic Analysis

    Natural Gas Prices Hit Key Resistance of $2.90 MMBtu

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

    By Gordon Kristopher
  • © Copyright 2022 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.