Category News
A new year, a new decade, and it’s the natural gas bears that are celebrating. The January 2020 contract settled at $2.158 per Dth, its lowest level since January 1999, following the lowest summer gas prices in 20 years. Typically,… Continue Reading →
Burton’s annual tradition of making peanut butter and jelly sandwiches took on a new twist this year and The Burton Sandwich Shoppe relocated with a different menu, to help feed the homeless! After reaching out to various organizations, we realized… Continue Reading →
Since early November, natural gas prices have continued to slide. A significant change from this time last year, the December contract settled at $2.470 per MMBtu, nearly 48% below the December 2018 settle. Throughout the month of November, natural gas… Continue Reading →
The eastern half of the United States is starting to experience or is bracing for below-average temperatures and our first real taste of winter temperatures. The Midwest and Northeast have already been experiencing colder temperatures, but next week is expected… Continue Reading →
Last month, natural gas prices were rising and the October contract was pushing $2.50 per MMBtu. At month’s end, the October contract settled at $2.428 per MMBtu, but market sentiment has turned bearish. Natural gas prices have declined 16 of… Continue Reading →
Natural gas has experienced an uptick in pricing, after experiencing multi-year lows in July, off the backs of record level production and average temperatures. The September contract rolled off the board at $2.251 per MMBtu, a 5% increase from the… Continue Reading →
Natural gas demand is at record highs, but prices continue to fall. Earlier this week, natural gas prices dropped to three-year lows while supply growth continues to outpace increasing consumption. The August contract settled at $2.141 per MMBtu, 6.5% below… Continue Reading →
The natural gas market has been relatively complacent in recent weeks, while traders kept a close eye on the weather forecast. Tropical Storm Barry has returned some bullish sentiment back into this market, along with a forecast of above normal… Continue Reading →
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 →
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 →
Burton Energy Group is proud to announce that it received the 2019 ENERGY STAR® Partner of the Year – Sustained Excellence Award for continued leadership in protecting our environment through superior energy efficiency achievements. This is the fifth year in… 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 →
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 →
Burton Energy Group was recognized for the fourth time as an ENERGY STAR Partner of the Year: Sustained Excellence this year. We are a proud ENERGY STAR partner, and we wanted to share with you what it takes to receive… 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 →