# The drop in Oil prices helping natural gas owners ??
**URL:** https://www.mineralrightsforum.com/t/the-drop-in-oil-prices-helping-natural-gas-owners/57165
**Category:** Hughes County, OK
**Created:** [April 22, 2020, 10:59pm UTC](https://www.mineralrightsforum.com/t/the-drop-in-oil-prices-helping-natural-gas-owners/57165 "2020-04-22T22:59:45Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@Fwp1031](https://www.mineralrightsforum.com/u/Fwp1031)
#### Post date: [April 22, 2020, 10:59pm UTC](https://www.mineralrightsforum.com/t/the-drop-in-oil-prices-helping-natural-gas-owners/57165/1 "2020-04-22T22:59:45Z")
[Crude Oil Price Bulletin](https://bit.ly/3cAJgJt)
US natural gas futures **jumped almost 10% on Monday** to a near six-week high, and **fell back slightly on Tuesday,** on worries that gas production will decline as drillers shut oil wells in shale basins due to the collapse in crude prices to below zero for the first time. Those oil wells produce a lot of gas.
Traders also cited forecasts for cooler weather and higher heating demand next week even as long-term forecasts call for gas use to drop due to coronavirus lockdowns.
The rapid collapse of US oil futures this year – down over 130% – caused crude’s premium over gas to turn into a deficit for the first time ever.
Looking ahead, **gas futures** for the balance of 2020 and calendar 2021 were trading much higher than the front-month on expectations **demand will jump as the economy snaps back once governments loosen travel and work restrictions.**
**PRICING**
**Front-month U.S. natural gas futures on Tuesday fell 0.103 cents to $1.821** per MMBtu.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [July 21, 2020, 11:01pm UTC](https://www.mineralrightsforum.com/t/the-drop-in-oil-prices-helping-natural-gas-owners/57165/2 "2020-07-21T23:01:32Z")
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