Natural Gas
Henry Hub, regional basis, storage, LNG feedgas and power burn.
Canadian Gas Prices Have Suffered, Could That Change?
Prompt month AECO fixed price has trended downward since 2023, reaching the lowest price in over ten years this past summer Canadian gas storage is at c...
· Christian Drolshagen3 min read
Prices Say Natural Gas This Winter Is the Same as Last Winter. Is it worse?
The Winter ’24/’25 (Nov-Mar) natural gas strip is only 30 cents above where Winter ’23/’24 settled. Does this make sense? Just over...
· Jay Stevens3 min read
New Permian Gas Pipe Eases Pressure, but Kinder Maintenance Hits November Waha Basis
Permian gas prices received relief when a new pipeline came online in late September, but future maintenance will again reduce egress. Waha basis improved...
· Jay Stevens2 min read
Waha Hub's 2024 Struggle: Egress Limits and Falling Gas Prices
Permian Basin producers are prioritizing oil operations, leading to an oversupply of associated gas and severe price declines at the Waha Hub. Limited t...
· Jay Stevens3 min read
Archive - News Updates for Natural Gas Basins
Natural Gas Basis Permian Haynesville Rockies Appalachia Permian (July 17, 2024) - DeLa Express has advanced its 69...
· Rishi Rajanala11 min read
2025 Henry Hub: Bullish and Bearish
While the first half of 2025, and especially the first quarter, could see loose supply-demand balances, fundamentals should tighten in the second half of...
· Christian Drolshagen2 min read
Why Hurricanes Now Pose a Bearish Risk to Natural Gas Prices
NOAA is expecting one of the most active hurricane seasons on record this year In previous decades, hurricanes had a bullish impact on prices by cutting...
· Christian Drolshagen3 min read
Gas-Fired Power Demand Growth from Data Centers Needs a Reality Check
Utilities, gas producers, and power authorities are saying new data centers will increase power demand While electricity load growth may be robust, natu...
· Christian Drolshagen4 min read
NWP Rockies Basis Saw a Major Blowout in Early 2023. Is This the New Norm?
NWP Rockies basis prices settled $44.86/MMBtu in January 2023 Structural undersupply plus favorably timed weather led to a meteoric price spike Lower v...
· Ryan Alexander4 min read
Negative Gas Prices Return to the Permian as Overlapping Maintenance Looms
Natural gas prices at the Waha Hub in West Texas have been negative every day except two since March 12, meaning a producer could have had to pay to have their gas taken away. This situation is primarily driven by an ample supply of gas, pipe maintenance, and weakened demand.
· Rishi Rajanala2 min read
Renewables Growth to Hit Gas Demand
Additions of wind, solar, and battery generators could displace about 5 Bcf/d of power sector gas demand by the end of 2025 This may have a bearish impa...
· Christian Drolshagen3 min read
Declining Production Could Lift Gas Prices
Natural gas prices have declined sharply, prompting some producers to begin shutting in some production Declining output may have a significant impact o...
· Christian Drolshagen2 min read
Natural Gas Production Surges to All-Time High
Lower 48 natural gas production has reached a new all-time high of more than 105 Bcf/d Most of the production growth has been from Appalachia and the Pe...
· Christian Drolshagen2 min read
Permian Supply Continues to Grow Amid Brownfield Expansion
Permian dry gas production has continued to grow, contributing to the Lower 48 supply hitting new records. At the same time, Waha prices have been weaker…
· Jay Stevens3 min read
Winter Weather Scenarios Show Risk to Summer 2024 Gas Prices
Weather is the largest source of variability in gas storage balances and will play a big role in determining where the withdrawal season ends A signific...
· Christian Drolshagen2 min read
Hurricane Season's Potential Impact And Typical Hedging Practices For Gulf of Mexico Producers
The NOAA has revised its 2023 Atlantic hurricane season forecast to
· Rishi Rajanala3 min read
Houston Ship Channel Basis Post-Freeport LNG Restart: What's the Future?
Natural gas prices in the Houston Ship Channel (HSC) area have tightened significantly versus Henry Hub year-to-date. The return of Freeport LNG just south...
· Jay Stevens3 min read
MVP Pipeline Greenlit: Why it's Not the Market Bear We Feared
More Appalachian gas egress may not be as bearish to Henry Hub as initially thought. The long-delayed 2 Bcf/d Mountain Valley Pipeline (MVP) was singled ou...
· Jay Stevens3 min read
Winter Weather Scenarios Show Risk to 2024 Gas Prices
Modeling of different winter weather scenarios shows the need for much cooler than normal weather to balance the gas market Winters have consistently tr...
· Christian Drolshagen2 min read
Wildfire Impact on Canadian Oil and Natural Gas
Fires have greatly reduced oil and natural gas production in Alberta Production volumes have recovered slightly, but weather forecasts indicate fire-rel...
· Christian Drolshagen2 min read
AECO Gas Basis Outlook
AECO Outlook With AECO basis trading at one of the highest relative values in recent years, we view this as an attractive point to add basis hedges. Hedge...
· Christian Drolshagen3 min read
From Record Rain to Hydropower Gain: California's Shifting Energy Mix
Record levels of rain and snow have reversed two years of significantly dryer-than-average conditions in California. This is setting up a major comeback in the state's hydroelectric generation, which has already surged to multi-year highs.
· Christian Drolshagen4 min read
Gas is now down $1.22 since Friday. Take action?
NYMEX natural gas was down $1.22 in two days, touching $5.32 this morning. Has it found support this morning, finally? Risk has changed; fundamentals are s...
· Nick Hillman2 min read
Natural Gas Supply-Demand Explainer
Gas inventories are a major (on some days, largest) source of supply in the winter. A storage deficit this year raises the risk of extremely high prices th...
· Christian Drolshagen5 min read