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Overview: Thursday, April 19, 2007 (next release 2:00 p.m. on April 26, 2007) With winter-like conditions finally moving toward the moderate temperatures (and less heating demand) of spring, natural gas spot prices have eased across most of the country. During the report week (Wednesday–Wednesday, April 11-18), the Henry Hub spot price declined 42 cents per MMBtu to $7.54. At the New York Mercantile Exchange (NYMEX), prices for futures contracts also were lower. The futures contract for May delivery decreased 35.8 cents per MMBtu on the week to $7.497. Working gas in storage as of Friday, April 13, was 1,546 Bcf, which is 22.1 percent above the 5-year (2002-2006) average. The spot price for West Texas Intermediate (WTI) crude oil increased $1.16 per barrel on the week to $63.14, or $10.89 per MMBtu |
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| Turning your thermostat down to 20C (68F) from 21C (70F) during the day and to 17C (63F) at night could save you up to 20 per cent on your heating costs. |
Mountain State Natural Gas Recovery: Looking to purchase low volume Natural Gas Wells in the following states: Kentucky, Virginia, West Virginia . (To submit well information go to the left side of this page and scroll down to Natural Gas Wells )
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