Author KristenM
Natural gas prices settled at a three-year low this week, after another robust storage injection. The U.S. Energy Information Administration (EIA) reported an injection of 119 Bcf for the week ending May 31st, which well surpassed analysts’ expectation of 109… Continue Reading →
At Burton Energy Group, we enjoy celebrating each other’s accomplishments, especially when it involves cake, but there is nothing more special than one of our teammates adding to the Burton family! Energy Engineer, Justin Yoo, recently welcomed his second daughter… Continue Reading →
The bulls of the natural gas market have been pushed to the sidelines, while the bears have kept pricing below $3.00 per MMBtu. The May contract settled at $2.566 per MMBtu, more than 5% below the April contract and the… Continue Reading →
Spring is upon us and the warmer temperatures these past couple of weeks have decreased demand for heating purposes. The U.S. Energy Information Administration (EIA) has reported two consecutive weeks of natural gas storage injections. Natural gas storage levels are… Continue Reading →
The Women’s Energy Network of Atlanta recently hosted a tour of Southern Company Gas’s Cherokee LNG (liquified natural gas) facility in Ball Ground, GA. As LNG continues to play a larger role in the U.S. natural gas market, it was… Continue Reading →
Natural gas has spent this past week trading in a very tight range, not pushing past key resistance levels, or dropping below key support levels. The March contract settled at $2.855 per MMBtu, about a dime below the February settle,… Continue Reading →
Natural gas prices have returned to sub-$3 levels for the remainder of 2019, with only next winter trading just slightly above $3.00 per MMBtu. The February contract settled at $2.950 per MMBtu, 19% below the January settlement and the February… Continue Reading →
To kick off the new year, the natural gas market fully reversed the price rally in November, with above normal temperatures sending near term pricing drastically lower. After ending 2018 with a December settlement of $4.715 per MMBtu, the January… Continue Reading →
The natural gas market has ended 2018 with a bang! After eleven months of settling near or below the $3 average, the December contract settled at $4.715 per MMBtu, the highest settlement since March 2014. Calendar year 2018 averaged $3.086… Continue Reading →
The bullish sentiment has continued to increase in the natural gas market and November’s settlement of $3.185 per MMBtu seems like a minor speed bump in the push to higher pricing. The early arrival of some winter-like temperatures spurred the… Continue Reading →
The bulls have come off the bench and taken control of the natural gas market in recent weeks. After dipping below $2.80 per MMBtu, early in the month, the October contract rolled off the board at $3.021 per MMBtu. This… Continue Reading →
After weeks of natural gas storage reports coming in below expectations, EIA finally reported a weekly storage injection that was higher than expected. Heading into the Labor Day weekend, an add of 70 Bcf to inventory was reported, which was… Continue Reading →
The natural gas market continues to be competitively priced, as an abundance of production has prevented natural gas prices from rising significantly, while below average storage levels are keeping a floor on pricing. The August contract rolled off the board… Continue Reading →
Natural gas prices have edged back below the $3.00 per MMBtu level. After the July contract peaked at $3.053 per MMBtu during mid-June, the contract finally settled at $2.996 per MMBtu. The average seasonal peak for natural gas is June… Continue Reading →
Natural gas prices for 2018 continue to average below where prices settled during 2017. The June contract rolled off the board at $2.875 per MMBtu, 11% below the June 2017 settlement. For the first half of 2018, natural gas prices… Continue Reading →
Is Spring finally here to stay? Winter was starting to feel like the house guest that had over-stayed his welcome! The colder temperatures appear to have finally pushed out and most of the U.S. is enjoying spring-like weather, and in… Continue Reading →
The team at Burton Energy Group is looking forward to another year of volunteering at the Peachtree Dunwoody Ronald McDonald House. We closed out 2017 with a great supply drive, delivering boxes that were overflowing with cookie sheets, paper towels,… Continue Reading →
The April contract moved into the prompt position at $2.686 per MMBtu and rolled off the board at $2.691 per MMBtu. Neither the bulls nor bears have been able to take the reins and drive this market, with 2018 looking… Continue Reading →
The University of Alabama started the year off with a bang, but for the biggest fan in Burton’s office, it paled in comparison to the birth of his first born! Zach, one of our Developers, and his wife Amy, welcomed… Continue Reading →
Have you ever thought about what Thomas Edison would think about our current energy grid? Well, he might be surprised that it doesn’t look very different from the original grid established in New York. Although the energy industry has made… Continue Reading →
As the extreme cold temperatures pushed out, the bears took the reins in the natural gas market and quickly pushed pricing back below $3 per MMBtu. The March contract moved into the prompt position at $3.167 per MMBtu and within… Continue Reading →