Thursday, May 29, 2008

Natural Gas Inventory Report 5-29-08

Working gas in storage was 1,701 Bcf as of Friday, May 23, 2008, according to EIA estimates. This represents a net increase of 87 Bcf from the previous week. Stocks were 321 Bcf less than last year at this time and 8 Bcf below the 5-year average of 1,709 Bcf. In the East Region, stocks were 1 Bcf above the 5-year average following net injections of 48 Bcf. Stocks in the Producing Region were 20 Bcf above the 5-year average of 602 Bcf after a net injection of 27 Bcf. Stocks in the West Region were 29 Bcf below the 5-year average after a net addition of 12 Bcf. At 1,701 Bcf, total working gas is within the 5-year historical range.

Tuesday, May 27, 2008

July Natural Gas Hits $12


June natural gas declined 6 cents in trading on the NYMEX to close at $11.80

The June contract expires Wednesday.

July natural gas gained 1.9 cents to $12 per million Btu.

Sunday, May 25, 2008

June Natural Gas Contract Hits Record NYMEX High


Natural gas for June delivery hit a high of $11.87 per million British thermal units in trading on the NYMEX. That price represents a record high for a June natural gas contract on the NYMEX.


Natural gas gained 6.8% for the week fueled by a declining dollar, higher oil, and speculation of supply disruptions during the hurricane season.

Thursday, May 22, 2008

Natural Gas Inventory Report 5-22-08

Working gas in storage was 1,614 Bcf as of Friday, May 16, 2008, according to EIA estimates. This represents a net increase of 85 Bcf from the previous week. Stocks were 302 Bcf less than last year at this time and 3 Bcf below the 5-year average of 1,617 Bcf. In the East Region, stocks were 12 Bcf above the 5-year average following net injections of 54 Bcf. Stocks in the Producing Region were 14 Bcf above the 5-year average of 581 Bcf after a net injection of 19 Bcf. Stocks in the West Region were 29 Bcf below the 5-year average after a net addition of 12 Bcf. At 1,614 Bcf, total working gas is within the 5-year historical range.

Wednesday, May 21, 2008


July Natural gas futures gained 16.5 cents to $11.530 per 1,000 cubic feet in trading on the NYMEX.

Thursday, May 15, 2008

Natural Gas Inventory Report 5-15-08

Working gas in storage was 1,529 Bcf as of Friday, May 9, 2008, according to EIA estimates. This represents a net increase of 93 Bcf from the previous week. Stocks were 286 Bcf less than last year at this time and 3 Bcf above the 5-year average of 1,526 Bcf. In the East Region, stocks were 16 Bcf above the 5-year average following net injections of 53 Bcf. Stocks in the Producing Region were 16 Bcf above the 5-year average of 560 Bcf after a net injection of 27 Bcf. Stocks in the West Region were 29 Bcf below the 5-year average after a net addition of 13 Bcf. At 1,529 Bcf, total working gas is within the 5-year historical range.

Saturday, May 10, 2008

Natural Gas Hits $11.537


June natural gas futures rose 27.4 cents to settle at $11.537 per 1,000 cubic feet in trading on the NYMEX.

Thursday, May 08, 2008

Natural Gas Inventory Report 5-08-08

Working gas in storage was 1,436 Bcf as of Friday, May 2, 2008, according to EIA estimates. This represents a net increase of 65 Bcf from the previous week. Stocks were 284 Bcf less than last year at this time and 11 Bcf below the 5-year average of 1,447 Bcf. In the East Region, stocks were 12 Bcf above the 5-year average following net injections of 38 Bcf. Stocks in the Producing Region were 8 Bcf above the 5-year average of 541 Bcf after a net injection of 18 Bcf. Stocks in the West Region were 32 Bcf below the 5-year average after a net addition of 9 Bcf. At 1,436 Bcf, total working gas is within the 5-year historical range.

Monday, May 05, 2008

Dallas Federal Reserve Forecasts Higher Natural Gas Prices

A report by the Federal Reserve Bank of Dallas predicts higher U.S. natural gas prices.

"Higher oil prices, several cold spells, seasonal gains in demand, reduced inventories and expectations of increasing natural gas use to generate electricity are continuing to push prices upward," the bank says in its first quarter energy report.

"Much higher natural gas prices seem likely even though U.S. producers are thought to be sitting on sizable supplies of undeveloped resources," the bank says. "A recovery in U.S. manufacturing should sharply boost natural gas demand. Once LNG imports become the marginal source of U.S. supply, much higher international natural gas prices should prevail."

Thursday, May 01, 2008

HOUSTON, May 1 (Reuters) - Chesapeake Energy Corp. on Thursday reported a first-quarter net loss related to hedges, compared with a year-ago profit.

Chesapeake, based in Oklahoma City, Oklahoma, had a net loss available to shareholders of $143 million, or 29 cents per diluted share, compared with a profit of $232 million or 50 cents per diluted share in the same period a year earlier.

Revenue was nearly flat at $1.6 billion.

Natural Gas Inventory Report 5-01-08

Working gas in storage was 1,371 Bcf as of Friday, April 25, 2008, according to EIA estimates. This represents a net increase of 86 Bcf from the previous week. Stocks were 255 Bcf less than last year at this time and 3 Bcf below the 5-year average of 1,374 Bcf. In the East Region, stocks were 16 Bcf above the 5-year average following net injections of 54 Bcf. Stocks in the Producing Region were 11 Bcf above the 5-year average of 520 Bcf after a net injection of 25 Bcf. Stocks in the West Region were 31 Bcf below the 5-year average after a net addition of 7 Bcf. At 1,371 Bcf, total working gas is within the 5-year historical range.