Natural Gas Weekly Update for Week Ending Dec. 7, 2011
U.S. Energy Information Administration
Overview:
(For the Week Ending Wednesday, December 7, 2011)
—Net price changes this week were somewhat mixed, with most prices posting a net decline over the report week. The Henry Hub spot price fell 8 cents overall from $3.53 per million Btu (MMBtu) last Wednesday, November 30, to $3.45 per MMBtu yesterday, December 7.
—At the New York Mercantile Exchange, the near-month (January 2012) futures contract fell from $3.550 per MMBtu last Wednesday to $3.421 per MMBtu yesterday.
—Working natural gas in storage fell by 20 billion cubic feet (Bcf) for the week ending December 2, according to EIA’s Weekly Natural Gas Storage Report (WNGSR).
—The natural gas rotary rig count, as reported by Baker Hughes Incorporated, fell by 9 this week to 856. This week marked the fifth consecutive week in which natural gas rigs have fallen.
