Items Tagged with 'august'

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Texas Crude Production Climbing, NatGas Down From Year-Ago Levels

Texas crude oil and natural gas production statistics continue to reflect producers’ preference for oil over less-lucrative natural gas... Read More

Robust Upstream Drives Texas Industry Employment to New Record

Strong drilling, production and permitting activity drove the Texas Petro Index (TPI) to another record in September, with oil and gas industry employment hitting its highest level since the index was founded in 1995. Read More

Analyst Sees Market Down 15 Cents, Yet Expiring August Called a Penny Higher

The expiring August natural gas contract is set to open a penny higher Tuesday morning at $3.76 as traders square positions ahead of contract expiration yet still see plump storage builds containing any price rallies. Overnight oil markets were mixed. Read More

$3.75 In Sight, Analyst Says, Yet August Called Unchanged

August natural gas is set to open flat Friday morning at $3.95 as market bulls grope for any signs of a change in the weather landscape that might slow the present restoration of storage. Overnight oil markets were mixed. Read More

August Posts New Lows, Seen Opening 4 Cents Lower

August natural gas posted a new six-month low in overnight trading and is expected to open 4 cents lower Thursday morning at $4.08 before the release of a government report that is expected to show a sharp contraction in the storage deficit. Overnight oil markets were mixed. Read More

Cool Weather Continuing, Yet August Called a Penny Higher

August natural gas is set to open a penny higher Wednesday morning at $4.11 as traders sense that fuel-switching may ultimately provide market support. Weather forecasts remain tempered. Overnight oil markets rose. Read More

EIA Sees NatGas Volumes Rising Through August on Drilling Efficiencies

U.S. onshore natural gas production, particularly in the Marcellus Shale, is expected to strengthen through August as drilling productivity rises, according to the latest Drilling Productivity Report issued by the Energy Information Administration (EIA). Read More

NatGas, Oil Drilling Productivity Lifting Onshore Volumes, Says EIA

Total natural gas and oil production from the six most prolific Lower 48 unconventional basins is expected to increase between July and August, the Energy Information Administration (EIA) said Monday in its Drilling Productivity Report. Read More

Futures Flat Ahead of Storage Data; Continuing Oversupply Anticipated

August natural gas is hovering unchanged at $4.170 prior to the market's open as bulls factor in a near-term constructive weather outlook, but bears look for a continued reduction in the storage deficit once government figures are reported. Overnight oil markets were mixed. Read More

Weak Fundamentals Continue, Yet August Called A Penny Higher

August natural gas is set to open a penny higher Wednesday morning at $4.21 as traders sift through the aftermath of Monday and Tuesday's selling and try to balance a continued onslaught of bearish fundamentals with what some call an "exhausted" market. Overnight oil markets fell. Read More