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Ohio Utica Shale

Freezing temperatures boost natural gas future prices

By Bob Downing Published: January 24, 2014

From Bloomberg News:


Natural gas futures climbed in New York to the highest price in more than three years as a frigid end to January will stoke demand for the heating fuel.

Gas climbed as much as 5.6 percent, rising near $5 for the first time since August 2010, as Commodity Weather Group LLC predicted below-normal temperatures across most of the lower 48 states through the balance of the month.

“We will sustain this level of cold and we could challenge lows over multiple days over the next five days,” said Bob Yawger, director of the futures division at Mizuho Securities USA Inc. in New York. “We haven’t seen $5 since August 2010; you came within four ticks of it.”

Natural gas for February delivery advanced 19.7 cents, or 4.2 percent, to $4.927 per million British thermal units at 9:29 a.m. on the New York Mercantile Exchange after rising to $4.996, the highest intraday price since Aug. 2, 2010. Trading volume was 91 percent above the 100-day average. Gas has jumped 14 percent this week, heading for the biggest increase since the seven days ended Sept. 28, 2012.



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Utica and Marcellus shale web sites

Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

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Utica Shale, a compilation of Utica shale activities.

Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.

Rig Count Interactive Map by Baker Hughes, an energy services company.

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Penn State Marcellus Center.

Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.

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