Marcellus Minutes is a subscription-based newsletter sent to all subscribers registered through the Marcellus Minutes website that contains information on legislation including bill tracking, committee hearings and news from the Capitol in Harrisburg. Access to the website is free and provided to those directly involved and those with an interest in Pennsylvania’s oil and gas industry.

Natural Gas Price Drops 3% on Sharp Inventory Rise

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 51 billion cubic feet for the week ending August 26. Analysts were expecting a storage addition of around 35 billion cubic feet. The five-year average for the week is an injection of around 67 billion cubic feet, and last year’s storage addition for the week totaled 96 billion cubic feet. Natural gas inventories rose by 11 billion cubic feet in the week ending August 19.

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