CHK May 2024 85.000 call
| Previous close | 4.3700 |
| Open | 4.2000 |
| Bid | 2.2500 |
| Ask | 4.0000 |
| Strike | 85.00 |
| Expiry date | 2024-05-17 |
| Day's range | 4.1600 - 4.3800 |
| Contract range | N/A |
| Volume | |
| Open interest | 307 |
- Reuters
UPDATE 1-US natgas prices edge up to 14-week high on lower output, Texas heat
In the spot market, meanwhile, U.S. power and gas prices turned negative in Texas, California and Arizona as pipeline maintenance trapped gas in the Permian Shale in West Texas amid low demand for energy and ample hydropower in the West. In Texas, the Electric Reliability Council of Texas (ERCOT) issued a Weather Watch for Wednesday "due to unseasonably high temperatures, high levels of expected maintenance outages during the spring shoulder months, and the potential for lower reserves." SUPPLY AND DEMAND Financial firm LSEG said gas output in the Lower 48 U.S. states fell to an average of 96.9 billion cubic feet per day (bcfd) so far in May, down from 98.1 bcfd in April.
- Reuters
US natgas prices hold near 14-week high as lower demand offsets lower output
Front-month gas futures for June delivery on the New York Mercantile Exchange remained unchanged to $2.199 per million British thermal units (mmBtu) at 9:47 a.m. EDT (1347 GMT). Gas flows to the seven big U.S. LNG export plants rose from an average of 11.9 bcfd in April to 12.4 bcfd so far in May with the return of Freeport in Texas from maintenance and inspection work.
- Reuters
UPDATE 1-US natgas prices up 3% to 14-week high on rising demand for LNG feedgas
U.S. gas production was down about 9% so far in 2024 after several energy firms, including EQT and Chesapeake Energy , delayed well completions and cut back on other drilling activities after prices fell to 3-1/2-year lows in February and March. EQT is currently the biggest U.S. gas producer and Chesapeake is on track to become the biggest producer after its merger with Southwestern Energy. In the spot market, meanwhile, analysts said upcoming gas pipeline maintenance on U.S. energy company Kinder Morgan's Permian Highway Pipeline from May 7-12 and Gulf Coast Express from May 14-21 could push average next-day gas prices at the Waha Hub in West Texas back into negative territory for the first time since mid-April.
