May Natural Gas Bidweek Prices Up Sharply on Looming Heat and Strong Exports, but Appalachia Slips
After some early-season heat last month, May natural gas bidweek prices rallied by the double-digits as warmer weather is set to build and threaten to expand storage deficits. The NGI’s May Bidweek National Avg. jumped 30.5 cents to $2.685/MMBtu.
The May 2021 natural gas bidweek average was $1.06 higher than last year’s May bidweek price, which had posted its own sharp increase fueled by the easing of stay-at-home and shutdown mandates amid Covid-19. However, the May 2021 Bidweek National Average fell short of the Nymex May futures contract’s $2.925 expiration, which strengthened for three consecutive days before rolling off the board.
Operator
Good morning, and welcome to the Cabot Oil & Gas Corporation First Quarter 2021 Earnings Conference Call and Webcast. [Operator Instructions]. After the speakers remarks, there will be a question-and-answer session. [Operator Instructions].
I d now like to turn the conference over to Dan Dinges Chairman, President and Chief Executive Officer. Please go ahead, sir.
Dan O. Dinges
Chairman, President and Chief Executive Officer
Thank you, Andrea. And good morning. Thank you for joining us today for Cabot s first quarter 2021 earnings call.
As a reminder, on today s call, we will be making forward-looking statements based on our current expectations. Additionally, some of our comments will reference non-GAAP financial measures. Forward-looking statements and other disclaimers, as well as reconciliations to the most directly comparable GAAP financial measures were provided in yesterday s earnings release.
Operator
Good morning, and welcome to the Cabot Oil & Gas Corporation First Quarter 2021 Earnings Conference Call and Webcast. [Operator Instructions]. After the speakers remarks, there will be a question-and-answer session. [Operator Instructions].
I d now like to turn the conference over to Dan Dinges Chairman, President and Chief Executive Officer. Please go ahead, sir.
Dan O. Dinges
Chairman, President and Chief Executive Officer
Thank you, Andrea. And good morning. Thank you for joining us today for Cabot s first quarter 2021 earnings call.
As a reminder, on today s call, we will be making forward-looking statements based on our current expectations. Additionally, some of our comments will reference non-GAAP financial measures. Forward-looking statements and other disclaimers, as well as reconciliations to the most directly comparable GAAP financial measures were provided in yesterday s earnings release.
Williams Companies to Keep 2021 Growth Capex in Line with Last Year industrialinfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from industrialinfo.com Daily Mail and Mail on Sunday newspapers.
Township solicitor Donald G. Karpowich updated Hegins Township supervisors about the project at their Dec. 2 meeting.
Williams is installing a driveway on Bridge Road and has posted its permit. A âNo Traffic Beyond This Pointâ sign was placed to keep truck traffic down, with most heavy traffic using Deep Creek Road instead of Bridge Road, according to Karpowichâs report. A road inspector site visit was on Dec. 1.
Williamsâ submitted building permit plans are being reviewed to identify any necessary inspections. The company plans to build a 31,000 HP gas turbine-driven compressor station as part of the Leidy South Expansion project.