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Energy at Work
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 →
On April 20th, 2018, Burton Energy Group was officially recognized as a 2018 ENERGY STAR Partner of the Year (ESPOY): Sustained Excellence. This award is given to a variety of companies who are leaders in energy efficient products and services,… 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 →
It seems like we rapidly moved from the winter season to summer this year. Just a few weeks ago, Atlanta temperatures were 50-70ºF, while the temperature a couple of days ago climbed to over 90ºF. With such a rapid change… 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 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 →
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 →
The February contract moved into the prompt position with bullish pressure and continued that momentum throughout the month. Below average temperatures across much of the U.S. drove greater demand for natural gas for heating purposes. According to The Weather Channel,… Continue Reading →
Happy New Year and hello Winter! Old Man Winter has decided not to hibernate this year and made his presence very well known to start 2018. December experienced large swings in temperatures, but after a week of warm temperatures and… Continue Reading →
As I watched Bob Valair accept the Platts Global Energy Award on behalf of Staples as the winner in the “Corporate Social Responsibility” category, I couldn’t be more proud of all that Bob and the Staples team have accomplished over… Continue Reading →
2017 for natural gas is officially in the books! The December contract settled at $3.074 per MMBtu, making the 2017 annual average $3.108 per MMBtu. This year, natural gas prices averaged 26% above 2016, but the December 2017 contract settled… Continue Reading →
As October came to an end, mild temperatures returned, and a healthy storage report sent the November contract to a decline below the September 8th lows, expiring at $2.752 per MMBtu. This was the lowest contract settlement since March of… Continue Reading →
It has been a very active hurricane season in the Atlantic, with Hurricane Irma having the greatest impact on natural gas prices, thus far. As Hurricane Irma made landfall in The Keys and moved up the coast of Florida and… Continue Reading →
Across the country – from Salem, Oregon to Charleston, South Carolina – eclipse glasses were sold out and sighting plans were made. Some even traveled hundreds of miles to see this rare phenomenon – the Total Solar Eclipse of 2017. On August… Continue Reading →
Burton Energy Group’s demand side team recently had the opportunity to learn about a unique cooling tower water savings system by taking a field trip to see the system in person. We were invited by Aqualogix, the manufacturer of the system,… Continue Reading →
Air conditioning units up and down the East and West Coasts were put to the test with the arrival of summer. The West experienced multiple days of temperatures near 120 degrees, while the East also faced above-average, sweltering heat. With… Continue Reading →
The Summer Solstice occurs around June 20th or 21st (depending upon your time zone) and technically marks the first official day of summer. For many of us, however, we gauge the start of summer by the weather! This year, traders… Continue Reading →
We are officially in the shoulder season and the natural gas market is falling back into old habits. It is not uncommon for the natural gas market to increase in the second quarter. In fact, over the past twenty-six years,… Continue Reading →
You’ve heard the comments, “Everyone gets a trophy these days, what’s the big deal?” – well, at Burton, we think THIS award is a big deal! We are honored to have received the 2017 ENERGY STAR Partner of the Year… Continue Reading →
The natural gas market appears to have shifted somewhat from a bearish sentiment due to warmer temperatures in February, to a more bullish sentiment as the supply/demand balance becomes more of a focus for the near-term. The April contract rolled… Continue Reading →