landowner

Natural-gas prices fall after U.S. supply data---- storage may be full soon--

Natural-gas prices fall after U.S. supply data                                 (                                     NGX13                                 )                                by Myra P. Saefong

SAN FRANCISCO (MarketWatch) -- Natural-gas futures fell on Thursday after the U.S. Energy Information Administration reported a climb in supplies that was a bit more than the market expected. Supplies of natural gas rose 101 billion cubic feet for the week ended Sept. 27. Analysts at Prestige Economics were looking for a rise of 98 billion cubic feet. Total stocks now stand at 3.487 trillion cubic feet, down 155 billion cubic feet from the year-ago level and 49 billion cubic feet above the five-year average, the government said. November natural gas     (ngx13)   was at $3.51 per million British thermal units, down almost 4 cents, or 1%. It was trading nearly flat at $3.54 before the data

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Permalink Reply by The Shadow on October 4, 2013 at 4:55

I hope this is the correct site to put this information.  The internet ran an article from the "The Motley Fool" by Callum Turcan.  The article was titled "3 Companies Betting Big on LNG Exports"  That article just adds a further update of what may be results of the LNG exports terminals being built with a 2015 start up, which of course would be higher natural gas prices.  It indicates that the experts, who ever they are, are predicting $5-$6 mmBtu by 2015.  If that happens then drilling and production should pick up significantly, helping the land owners, creating many thousands of jobs for americans, and revenue for our ailing economy.  The article I am referring came out 10-2-2013 for those interested in reading it.  Hope this is going to be as good as they say.  Guess in time we will see.  Best of luck to all concerned.

Permalink Reply by jffree1 on October 4, 2013 at 7:48
Permalink Reply by dingojoe on October 4, 2013 at 7:32

Storage won't get full, as there's plenty of space, but the market is well supplied right now.  And weather is bearish to neutral at best.

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