Articles tagged waha

Unable to gain traction, September Nymex natural gas futures saw early Wednesday gains ebbed away in favor of modest losses as tides were turning on fundamentals with lingering weather support expected to drift away into the fall shoulder season.

Permian Basin pure-play Kinetik Holdings Inc. revised its 2024 guidance after seizing opportunities in New Mexico and the Delaware sub-basin in the second quarter, and increasing processing volumes despite challenges from anemic natural gas prices at the Waha hub.

Natural gas futures pushed higher for a fourth day on Friday, supported by weaker spot prices and maintenance projects curbing production, reversing its jump to a five-month high in the previous week.

As Permian Basin natural gas volumes continue to exceed expectations and drive record activity, Enterprise Products Partners LP has sanctioned a natural gas liquids (NGL) expansion to meet customers’ growing appetite for export capacity, executives said Tuesday.

September natural gas futures were trading higher through midday Tuesday, supported by soaring summer temperatures and Chesapeake Energy Corp. holding the line on production cuts.

Weekly natural gas cash prices retreated amid seasonally mild temperatures in key sections of the Lower 48 and strong national production.

Natural gas futures on Friday floundered for the fourth time in as many sessions, as supplies in storage remained on course to culminate the injection season at historically robust levels in spite of a hot summer.

Natural gas futures traders on Tuesday took profits and snapped a winning streak after the prompt month had rallied nearly 20 cents over the three prior sessions.

After rallying Monday, natural gas futures eased lower through midday trading Tuesday as a faster pace of production reminded traders about stubbornly high storage surpluses.

Natural gas markets traded on either side of even through midday Friday as traders weighed vying potential bullish and bearish catalysts.