Weatherman's Blog (17)

March 27, 2012: Natural Gas Price Futures Remain At 10-year Lows

Natural Gas Prices  Remain at 10-Year Lows

On Tuesday, March 27, 2012 Natural gas futures ended the day to fall 1.8 cents to $2.21 per 1,000 cubic feet after dropping 5 cents on Monday, Mar. 26th.  Natural gas supplies are currently more than 50 percent above the five-year average for this time of year.

 

On Monday, March 12, 2012:  Natural gas futures price fell to a new 10-year low, falling by 5.5…

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Added by weatherman on March 11, 2012 at 11:00am — No Comments

Jan. 12, 2012: Natural Gas Price Sinks Due To Oversupply And A Mild Winter Season; Below $3 Per 1,000 Cubic Feet

Huge Supplies & A Mild Winter Causes Natural Gas Prices To Drop on Jan. 12, 2012 To Near Historic Lows:

The price of natural gas for February delivery fell 8 cents to end at $2.6970 per 1,000 cubic feet on Jan. 12.  The price has fallen 13% this week alone due to a relatively mild winter weather cutting heating demand and huge supplies.  On Jan. 12, 2012, the Energy Information Administration said supplies are 13.4…

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Added by weatherman on January 13, 2012 at 9:00am — No Comments

Natural Gas Futures Near $5.90 /Per Million British Thermal Units At Mid-December 2009

A 7 percent jump for natural gas futures occurs during energy trading on Dec. 17 as the Energy Information Administration reports a drop for U. S. natural gas supplies. During Dec. 17 morning trading, natural gas for January delivery was up 40 cents, or 7.3%, at $5.86 per million British thermal units. Cold weather in recent days over the northern part of the U. S. is partially responsible for this drop in natural gas supplies.

Added by weatherman on December 17, 2009 at 10:05am — No Comments

Natural Gas Closing Price at Mid Nov. 2009 $4.63; Recovery of $1.00 Since Mid-September 2009

NYMEX HENRY HUB NATURAL GAS FUTURES: $4.63 Last Trade UP +0.238 (+5.42%) on November 16, 2009 in energy closing markets.

Consumer spending is beginning to improve. Retail sales during Oct. 2009 were pegged higher.

Added by weatherman on November 16, 2009 at 3:30pm — 3 Comments

NW Natchitoches Parish Oil Leasing Activity Becomes Active Again in mid November 2009

Went by the Clerk of Court's office today (Nov. 16, 2009) for Natchitoches Parish, LA and oil leasing in the northwest part of the parish is showing an uptick. Their office has been busy as of late with oil & gas lease people.

Added by weatherman on November 16, 2009 at 10:53am — 14 Comments

Natural Gas Nears $3.50 per 1,000 Cubic Feet At Mid-September 2009; Worst Recession Since 1930s Nears End

NATURAL GAS: Natural gas rose 16 cents to $3.454 per 1,000 cubic feet on Sept. 15, 2009 during morning energy trading. During Sept. 4, 2009, natural gas prices fell to $2.409 being a seven-year low, on the eve of the heating season.



CRUDE OIL: Benchmark crude for October delivery was up 69 cents at $69.55 a barrel in electronic morning trading on the New York Mercantile Exchange on Sept. 15, 2009.



Economy News:

Worst Recession Since… Continue

Added by weatherman on September 15, 2009 at 10:30am — No Comments

Oversupply Sends Natural Gas Prices To A 7-Year Low At End Of Aug. 2009

Natural Gas Prices At Lowest Levels In Seven Years:



Natural gas tumbled 4.5 cents to $2.865 per 1,000 cubic feet during Thursday, Aug. 27th. The price of natural gas dropped as low as $2.692 per 1,000 cubic feet earlier on Aug. 27, a price not seen since Aug. 7, 2002. Also, during Aug. 27, benchmark crude for October delivery added $1.06 to settle at $72.49 a barrel on the New York Mercantile Exchange.



UPDATE:

During morning… Continue

Added by weatherman on August 27, 2009 at 2:00pm — 1 Comment

Oil Prices Fall Below $66/Barrell; Natural Gas Prices Near $3/1,000 Cubic Feet at Mid-AUG. '09 As Economic Fears Flare

Oil prices fell below $66/barrell on Aug. 17 despite three (3) tropical weather systems brewing (one done, two cooking... "Claudette", "Ana" & Hurcn. "Bill"). The appearance of hurricanes and tropical storms, which can damage oil and natural gas operations in the Gulf of Mexico, were outweighed by new reports today showing that nervous consumers are holding on to their money as the economic recession drags on.

In morning trading on Aug. 17, benchmark crude for September delivery… Continue

Added by weatherman on August 17, 2009 at 1:00pm — 2 Comments

Mixed Economic News Keeps Natural Gas Prices Near $4 Per 1,000 Cubic Feet In Early August 2009

Natural gas for August delivery slid 0.5 cent to $3.996 per 1,000 cubic feet during morning trading on Aug. 5.

U.S. crude inventories unexpected fell the week of July 27-Aug 1, a sign demand could be rebounding;

Oil prices slipped to near $71 a barrel Wednesday morning (Aug. 5) amid mixed economic news from the U.S.



Natural Gas Company News:



XTO ENERGY INC (Aug. 5): The company recently reported a lower profit but has raised its… Continue

Added by weatherman on August 5, 2009 at 9:14am — No Comments

Late July 2009: Crude Inventories Fall; Natural Gas Remains In Upper $3 Range Per 1000 Cubic Feet

The Energy Department's Energy Information Administration said in its weekly report that crude inventories fell by 1.8 million barrels, or 0.5 percent, to 342.7 million barrels. This value is 16 percent above year-ago levels. During morning energy trading on July 22, crude prices fell $1.02 to $64.59 per barrel on the New York Mercantile Exchange. On July 21, natural gas for August delivery closed at $3.846 per 1,000 cubic feet.

Added by weatherman on July 22, 2009 at 11:44am — No Comments

Natural Gas Prices Near $3.27 On July 13, 2009

Forest Oil Corp (Denver, CO) said its second horizontal Haynesville Shale well in Red River Parish, La., produced results of 20.3 MMcfe/d in early July. The well cost about $9 million. The company said it holds about 11,050 net acres in Louisiana prospective for the Haynesville Shale and has identified 110 additional potential horizontal locations on this acreage.



On July 13, during energy trading, natural gas for August delivery fell 10.1 cents to $3.272… Continue

Added by weatherman on July 13, 2009 at 12:25pm — No Comments

Economic Recovery Fears Sends Crude Oil Prices Lower on June 22

Fears over world economic recovery sent crude oil future prices sharply lower on June 22. The price fell a whopping $2.52 to sink to $67.50. Natural gas prices continue to hoover around the $4 level. On June 23, Natural gas for July delivery gained 1.1 cent to $3.94 per 1,000 cubic feet in early morning trading.



In other energy news:

Chesapeake Energy Corp. has laid off 50 employees from its corporate office in Oklahoma City. In the U. S., Chesapeake has… Continue

Added by weatherman on June 23, 2009 at 8:32am — No Comments

Natural Gas Price Market Slowly Recovers Amid Worst Recession Since 1931

The worst recession since 1931 continues this Spring-Summer 2009. Energy markets have recovered somewhat from crude oil prices falling into the upper 30 dollar range per barrel several months ago. On June 15, 2009, the energy markets showed the following:



Natural Gas : Natural gas for July delivery jumped 32.5 cents to settle at $4.182 per 1,000 cubic feet. For June 16, natural gas for July delivery fell 7 cents to settle at $4.312 per 1,000 cubic feet.



Crude… Continue

Added by weatherman on June 15, 2009 at 8:00pm — 1 Comment

February 2009 Energy Markets

Feb. 26: Chesapeake Energy announces plan to reorganize its Eastern Division operation in Charleston, West Virginia ... to reorganize its Charleston, West Virginia-based Eastern Division from a regional corporate headquarters to a regional field office. As a result, Chesapeake will consolidate the management of its Eastern Division land, legal, accounting, information technology, geoscience and engineering departments into the company's corporate offices in Oklahoma City. Field… Continue

Added by weatherman on February 4, 2009 at 3:30pm — No Comments

Natural Gas Price At End of January 2009 Closed At $4.42

Natural Gas Prices Fall to $5.55 During Christmas Eve 2008...



For the week ended Dec. 19, crude inventories fell by 3.1 million barrels, or one per cent, to 318.2 million barrels, which is 9.1 per cent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report. On Christmas Eve, light, sweet crude for February delivery fell $3.63 to close at $35.35 US in a shortened day of trading. Prices had fallen as low as $35.13… Continue

Added by weatherman on January 6, 2009 at 4:00pm — No Comments

The Rise And Fall Of Oil, Natural Gas During 2008

It's been an interesting year (2008) for oil and natural gas markets. As of December 22, crude prices have fallen sharply in recent days and several traders were squaring positions ahead of the holiday break. Oil prices tumbled below $40 a barrel Monday as business news indicated a worsening global economic climate and serious deterioration in energy demand. Light, sweet crude for February delivery fell $2.45, or nearly 6 percent, to settle at $39.91 a barrel on the New York Mercantile… Continue

Added by weatherman on December 23, 2008 at 8:37am — 2 Comments

J. Messenger natural gas well along I-49 in northwest Natchitoches Parish, Louisiana

08/24/2008... Went by this natural gas well today about 6-PM and a natural gas flame could be seen from an approx. 30 foot pipe.



=================================================

JANETTE L MESSENGER 8 Well No. 001



Section 008

Township: 10N

Range: 09 W

Serial No. : 237289




Data below courtesy of SONRIS:



08/19/2008 09 14100 RAN CBL. TOP OF… Continue

Added by weatherman on August 24, 2008 at 7:00pm — 2 Comments

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