EXCO Resources Inc
Is Natural Gas Supply and Demand Narrowing?
Natural gas production from the lower 48 states of the US increased slightly by 0.6% to 79.82 Bcf as of May 20, 2015—compared to the previous week.
Why higher natural gas rig counts may be a positive signal
U.S. natural gas rigs remain elevated 10% since late June.
US Natural Gas Supplies Fell due to Drop in Imports from Canada
PointLogic reported that natural gas supplies fell by 1.1% to 79.3 Bcf (billion cubic feet) per day for the week ending June 29, 2016, compared to the previous week.
Natural Gas Prices Slump due to Increasing Inventory Data
Natural gas futures for July delivery slumped by 4.95% on Thursday. Natural gas prices declined due to rising inventory data. It continued its losing streak.
Monthly US Natural Gas Production Fell in October
The EIA estimated that US-marketed natural gas production fell by 0.64 Bcf per day to 77.93 Bcf per day in October—compared to September 2016.
Natural Gas Prices: Flat for the Second Day, Test a 5-Month Low
October natural gas futures contracts rose by 0.86% on September 24. Natural gas prices rose despite a larger-than-expected rise in the natural gas inventory.
Natural Gas Prices Fell Almost 5% Due to Natural Gas Stocks’ Data
September natural gas futures contracts fell by 4.91% on August 13, 2015. Prices fell due to a better-than-expected rise in natural gas inventory data.
Natural Gas: Up for the Second Day on Cold Weather Forecasts
Natural gas futures for May delivery rose for the second day by 1.20% and settled at $2.60 per MMBtu on April 22, 2015.
Natural Gas Prices Fall Ahead of Expiry
Natural gas futures contracts for October delivery fell by 1.04% on September 25, 2015. Natural gas prices fell due to oversupply concerns.
Inventory Data Is Weighing on Natural Gas Prices
October natural gas futures contracts fell by 2% and settled at $2.64 per MMBtu (British thermal units in millions) on September 2, 2015.
Natural Gas Prices Rise Due to Hot Weather Estimates
Natural gas prices rose for the sixth time in the last ten days. Prices rose by 0.05% more on the up days than on the down days.
How’s Natural Gas Correlated to Crude Oil?
In the past year, the correlation rose between natural gas and crude oil. During August 2015 and December 2015, the 30-day correlation rose significantly.
Lower natural gas prices last week positive for coal-to-gas switching
Last week, natural gas prices declined more than coal prices which is an incentive for power plants to use more natural gas as fuel relative to coal.
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.
Natural Gas Prices Are Flat Ahead of the EIA’s Report
December natural gas futures were almost flat at $2.26 per MMBtu on November 12, 2015. The natural gas prices didn’t change.
Why Natural Gas Prices Have Fallen by 4.6% in the Last 3 Days
Natural gas prices fell for the third-consecutive day on November 19, 2015, due to long-term oversupply concerns and rising natural gas inventories.
ConocoPhillips Outperformed Crude Oil: Positive for Its Uptrend
For the week ending October 20, 2017, crude oil (USO) prices rose from $51.45 per barrel to $51.84 per barrel—an increase of 0.76%.
Natural Gas Prices Rise Due to Warm Weather Estimates
September natural gas futures contracts rose by 1.32% on Tuesday on August 25, 2015. Natural gas prices rose due to warm weather estimates.
Warmer Weather Estimates Benefit Natural Gas Prices
October natural gas futures contracts trading in NYMEX rose by 2.41% on September 14. The rising demand due to warm weather estimates supported natural gas prices.
Natural Gas Prices Are Steady ahead of the Inventory Data
Mild weather could curb the cooling needs. As a result, the demand for natural gas could drop. This could be negative for natural gas prices.
Will US Natural Gas Production Impact Natural Gas Prices?
The EIA estimated that US-marketed natural gas production fell by 0.63 Bcf per day to 75.93 Bcf per day in October—compared to the previous month.
Natural Gas Prices Are Almost Flat ahead of Inventory Report
NYMEX-traded natural gas futures contracts for October fell by 0.48% and closed at $2.70 per MMBtu on September 1. Prices were almost flat due to oversupply concerns.
Natural Gas Futures Fell by 11% in November 2015
NYMEX-traded natural gas futures contracts for January delivery fell by 3.8% and closed at $2.21 per MMBtu (British thermal units in millions) on Friday, November 27, 2015.
Natural Gas Prices Increase: Led by EIA Inventory Report
June natural gas futures increased by 1.17% on Thursday and settled at $2.94 per MMBtu on May 21. Natural gas prices increased for the first time in last four days.
Natural Gas Prices Flat after Inventory Report
Natural gas prices fell more than 20% YTD (year-to-date) due to oversupply concerns.
Haynesville Shale Production and Productivity Increase in May
According to the EIA, natural gas production at the Haynesville Shale increased by 89% in the past eight years. In May 2015, the region produced ~7 Bcf per day of natural gas.
Natural Gas Prices Fell Due to Weak Demand Cues
Natural gas futures contracts for December expiry fell by 2.5% on Wednesday, November 11, 2015. Natural gas prices fell due to weak demand cues.
Key for Investors: Natural Gas Prices and UNG Diverge
October natural gas futures contracts rose for the first time in the last six days. Natural gas prices rose slightly by 0.16% on September 22, 2015.
Natural Gas Prices Benefit from Inventory Data
October natural gas futures contracts trading in NYMEX rose by 1.13% on September 10. Natural gas prices rose due to the lower rise in inventory data.
Natural Gas Prices Rise Due to Cold Weather Estimates
November natural gas futures contracts trading in NYMEX rose by 1.50% on Monday, September 28. Natural gas prices rose due to cold weather estimates.
Natural Gas Prices Fall despite the Warm Weather Consensus
NYMEX-traded natural gas futures contracts for October delivery fell by 1.09% on September 15. Natural gas prices fell despite the warm weather consensus.
Natural Gas Declines and Exco Resources Gains More than 5%
Warm weather estimates drive down natural gas May futures contracts. Gas prices dropped marginally by 0.15%. They settled at $2.64 MMBtu.
Natural Gas Prices Rise: Almost Flat on Rising Demand Estimates
NYMEX-traded natural gas futures contracts rose by 0.18% on August 26. Natural gas prices rose for the second day due to the warm weather consensus.
Natural Gas Prices Are Trading within a Narrow Channel
The slowing natural gas inventory and warm weather could support natural gas prices. The nearest resistance for natural gas is seen at $3 per MMBtu.
Will US Natural Gas Futures Fall More?
US natural gas (GASL) futures contracts for January delivery were below their 20-day, 50-day, and 100-day moving averages on December 14, 2017.
NYMEX Natural Gas Prices: Long-Term Forecasts
US natural gas inventories are currently 11% higher than their five-year average. High natural gas inventories could weigh on US natural gas prices.
Natural Gas Prices Slump 9.4% for the Week
ETFs like the United States Natural Gas—UNG—ETF fell in the direction of natural gas prices on November 20, 2015. UNG fell by 4.7% on the day.
Natural Gas Prices Fall for the Fourth Day Due to Mild Weather
NYMEX-traded natural gas futures contracts for October delivery fell on September 18. The consensus of mild weather estimates pushed natural gas prices lower.
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.
Natural Gas Prices Fell Due to the Warm Winter Weather Forecast
December natural gas futures contracts fell by 2.8% on November 2, 2015. Natural gas prices fell due to mild winter estimates and weak demand cues.
Haynesville and Niobrara shales are important for US oil and gas
Oil production in the Niobrara Shale increased from ~100,000 barrels per day (or bbl/d) in 2007 to ~350,000 bbl/d in August 2014. This marks an increase of ~3.5 times in seven years. According to Baker Hughes, there are currently ~62 rigs operating in Niobrara—76% of the rigs are oil-targeted.
Nat gas rigs almost flat for fifth week in a row – a sign that counts have bottomed out?
Natural gas rigs drilling were almost flat again last week, the fifth week in a row that rigs drilling were generally flat.
US Natural Gas Production Makes History: What’s Next?
US natural gas production hit a record of 73.3 Bcf (billion cubic feet) per day in February 2016.
Natural rig counts rose, breaking out of a weeks-long flat trend
Natural gas rigs rose last week, after trending flat for eight weeks.
Natural gas rigs rose yet again – possible reversal of downward trend?
Natural gas rigs rose for the second week in a row, potentially signalling an end to the trend of declining natural gas rigs drilling.
Natural gas continues to lose market share to coal year-over-year due to price gains
Natural gas continued to lose market share to coal in February, the third month in a row that this has occurred. The market share loss was due to the rise in natural gas prices relative to coal.
US Natural Gas Consumption Could Hit a Record in 2018 and 2019
US natural gas consumption fell 14.4% to 102.6 Bcf (billion cubic feet) per day on January 4–10, 2018, according to PointLogic.
US Natural Gas Production Could Pressure Prices in 2018
According to PointLogic, US dry natural gas production fell 3.7% to 74 Bcf (billion cubic feet) per day between December 28, 2017, and January 3, 2018.
Traders Are Tracking US Natural Gas Inventories
The EIA reported that US gas inventories fell by 18 Bcf (billion cubic feet) to 3,772 Bcf on November 3–10, 2017.
Cold Weather Might Be the Turning Point for Natural Gas Bulls
NYMEX natural gas (GASL) (FCG) futures contracts for December delivery rose 0.6% to $3.21 per MMBtu in electronic trading at 1:10 AM EST on November 10.
Will US Natural Gas Inventories Help Natural Gas Futures?
The EIA (or US Energy Information Administration) published its weekly US natural gas inventory report on October 26, 2017.
Is US Natural Gas Production Bearish for Natural Gas?
US dry natural gas production will likely average ~73.6 Bcf/d in 2017. It will likely rise by 4.9 Bcf/d or 6.6% to 78.5 Bcf/d in 2018.
Will US Natural Gas Consumption Outweigh Production?
PointLogic estimates that weekly US natural gas consumption fell 6.6% to 52 Bcf per day from September 7 to 13. Consumption fell 13% year-over-year.
Why US Natural Gas Production Fell from a 10-Month High
The EIA estimates that monthly US dry natural gas production fell by 1.36 Bcf (billion cubic feet) per day or 1.8% to 72.9 Bcf per day in June 2017.
Hurricane Harvey Could Impact Natural Gas Prices
October natural gas (UGAZ) (DGAZ) futures contracts trading in NYMEX fell 0.2% to $2.91 per MMBtu in electronic trading at 2:00 AM EST on August 28, 2017.
Analyzing US Natural Gas Inventories: Week Ending February 24
The EIA estimates that US natural gas inventories will be at 1,805 Bcf by the end of March 2017—3.7% higher than the five-year average.
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.
Analyzing Natural Gas Inventories: Week Ending February 10
The EIA estimates that US natural gas inventories will be at 1,805 Bcf by the end of March 2017—3.7% higher than the five-year average.
Consol Energy’s 4Q16 Production Guidance, Management Strategies
Consol Energy (CNX) didn’t give any specific production guidance for 4Q16. But in November 2016, it increased its E&P division’s 2016 production guidance.
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.
Chesapeake Energy Announces Sale of Second Haynesville Package
Two weeks after announcing a $450-million Haynesville Shale asset divestiture, Chesapeake Energy announced a second Hayneville divestiture on December 20.
Chesapeake Energy Announces Haynesville Asset Divestiture
Chesapeake Energy (CHK) announced on December 5 that it had agreed to sell 78,000 net acres in Louisiana’s Haynesville Shale for $450 million. The buyer is an undisclosed private player.
Will the Weather Boost US Natural Gas Prices?
Natural gas futures contracts for December delivery fell 2.2% and closed at $2.7 per MMBtu on November 17. Natural gas prices fell due to warmer weather.
How Did CONSOL’s E&P Division Perform in 3Q16?
On October 31, 2016, CONSOL Energy and Noble Energy (NBL) announced the separation of their Marcellus Shale 50-50 joint venture.
Consol Energy’s Production Guidance and Strategies for 3Q15
Consol Energy’s production guidance Although Consol Energy (CNX) did not give any specific production guidance for 3Q16, in July 2016, Consol Energy increased its E&P (exploration and production) division’s fiscal 2016 production guidance to 380–385 Bcfe (billion cubic feet equivalent), a midpoint increase of ~4.5 Bcfe (or ~1%) from its old production guidance of ~378 […]
How Weather Could Impact Natural Gas Prices
In the week ended August 5, 2016, temperatures were higher than the forecast for the week. That boosted natural gas prices on August 3.
How Did Natural Gas–Weighted Stocks Perform?
On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3 to July 25, 2016, natural gas rose 65.2%.
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.
Southwestern Energy’s 2Q16 Production Guidance, Management Strategies
For 2Q16, Southwestern Energy (SWN) expects its total production to range from 210 Bcfe (billion cubic feet equivalent) to 215 Bcfe.
What Does a Portfolio of Natural Gas–Weighted Stocks Look Like?
Between July 1 and July 11, 2016, an equally weighted basket of natural gas–weighted stocks fell 3.2%. These stocks operate with a production mix of at least 60% in natural gas.
How Does the Weather Drive Natural Gas Prices?
In the week ended June 24, 2016, temperatures were higher than forecasts for the week. Warmer weather boosted natural gas prices.
Upstream Stocks with High and Low Implied Volatility
As of June 17, 2016, Triangle Petroleum (TPLM) had the highest implied volatility among upstream stocks at 225.5. Its 15-day average implied volatility was 232.5.
Natural Gas Prices Rose 11% Last Week Due to Hot Weather
The weather is expected to be hotter than normal over the next two weeks in the US. As a result, natural gas prices are up 11% for the week.
How Do Natural-Gas-Weighted Stocks Correlate with Natural Gas?
Natural-gas-weighted stocks with high correlations with natural gas futures have tended to move with natural gas in the past.
Natural Gas Recovery: Will the Dollar Index Play a Crucial Role?
Natural gas should be negatively correlated with the US Dollar Index. A stronger dollar implies more expensive natural gas for consumers in other currencies.
Less-Than-Expected Rise in Natural Gas Inventory Supported Prices
The US natural gas inventory rose by 15 Bcf (billion cubic feet) to 2,493 Bcf for the week ended March 18, 2016.
Natural Gas Prices Fall for the First Time in the Last 7 Days
So far in 2016, natural gas prices have fallen by 4%. They also fell by 19% in 2015 due to long-term oversupply concerns.
Cold Weather Forecasts Drive Natural Gas Prices Higher
February natural gas futures contracts trading on NYMEX rose slightly by 1% and closed at $2.18 per MMBtu in yesterday’s trade. Natural gas prices rose for the fifth straight day.
Will US Natural Gas Production Continue to Test New Records?
US natural gas production from the lower 48 US states averaged 81.7 Bcf/day for the week ended December 28, 2015. The current production is almost equivalent to last week’s natural gas production.
Natural Gas Stockpile Report Could Support Natural Gas Prices
On December 31, 2015, the EIA (U.S. Energy Information Administration) is scheduled to release its natural gas stockpile report.
Natural Gas Prices Rally by 14%
January natural gas futures contracts trading on NYMEX rose by 2.3% to close at $2.03 per MMBtu (British thermal units in millions) on Thursday, December 24, 2015.
Natural Gas Prices: How Low Can They Go?
Record production, record inventory, and mild winter weather will continue to put pressure on natural gas prices. Gas prices could see the next support at $1.60 per MMBtu. They hit this in 1995.
Weather Forecast Is Vital for the Natural Gas Market
Record natural gas production, the mild winter weather forecast, and record natural gas inventories are adding pressure to natural gas prices.
Natural Gas Prices Fall 24% in December: Will They Fall More?
January natural gas futures fell by 2% on December 17. Natural gas prices fell due to the less-than-expected fall in the natural gas inventory.
Demand Consensus Is Negative for Natural Gas Market
Gas deliveries to electric power plants rose more than 30% in the week ending November 27, as compared to last year. The rising demand from power plants suggests electric power plants could be the key driver in the long term.
Haynesville Shale Natural Gas Production: Finally Up in October
The Haynesville Shale’s natural gas production in October was 0.5% higher than production in September—the region’s first rise in production in four months.
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.
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.
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.
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.
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.
Will Natural Gas Prices Hit New Lows?
Cold winter weather could drive natural gas prices higher. But on the other hand, record natural gas stocks will push natural gas prices lower.
Haynesville Shale Natural Gas Production Fell in September
The Haynesville Shale’s natural gas production in September was 0.1% lower than August. On a YoY basis, it was 1.4% less. The drop marked the fourth straight month-over-month fall in production.
Natural Gas Prices Fall Due to the Rising Natural Gas Inventory
November natural gas futures contracts fell by 2.6% on October 15. Natural gas prices fell due to the larger-than-expected rise in the natural gas inventory.
Will Natural Gas Prices Hit Levels of $2.65 per MMBtu?
Prices have been trading within a narrow channel for the past three months. The rising natural gas stockpile is putting pressure on natural gas prices.
Natural Gas Prices Rose to the Nearest Psychological Level
The long-term oversupply concerns and record inventory could drag natural gas prices lower. Natural gas prices could see support at $2.60 per MMBtu.
EIA’s Natural Gas Report Benefits Natural Gas Prices
On August 20, the EIA published the weekly natural gas inventory report. For the week ending August 14, the natural gas in storage rose by 53 Bcf to 3,030 Bcf.
Natural Gas Prices Slip Back from Key Resistance Level
NYMEX-traded natural gas futures contracts for August delivery fell from the key resistance level of $2.90 MMBtu on July 16, 2015
Natural Gas Consumption: A Key Catalyst for Natural Gas Prices
The EIA released its monthly drilling report on July 13, 2015. The data showed natural gas production from the key seven shale regions.
Slowing Consumption Puts Pressure on Natural Gas Prices
The EIA released its July 2015 STEO report on July 7, 2015. Natural gas consumption is estimated to rise to 76.5 Bcf per day in 2015.