Source: Reuters (Reuters) – Chesapeake Energy Corp , once the second-largest U.S. natural gas producer, warned on Tuesday about its ability to continue as a going concern as the debt-laden company struggles with falling prices for the commodity. Shares of Chesapeake fell 13% to $1.35 in early trading, with the company earlier in the day also having reported a marginally
From Reuters Next-day natural gas prices at the Waha hub in the Permian basin in West Texas fell below zero for the first time since early April. Waha averaged minus 40 cents per million British thermal units (mmBtu) for Wednesday. The last time Waha traded below zero was April 3 when it averaged a record low minus $4.28, according to
The Federal Reserve Bank of Dallas released its monthly report of energy-related economics, based on the bank’s September data. Dallas Fed: Backwardation for Brent “The Brent futures curve went into backwardation (downward sloping) through year-end 2019 on Sept. 25, 2017, a shift in the shape of the curve compared with the end of June when it was fully in contango
Natural gas prices are looking bullish as associated gas production falls The price of natural gas is up more than 72% in the last six months as drilling in the U.S. slows. An unusually warm summer kept demand high and helped to push prices from $1.90 per MMBtu on April 15, to $3.28 on Monday. Prices could dip in the
