NYMEX Jumps 26% to $3.91 on Arctic Cold, Largest 1-Day Gain in 4 Yrs
Old Man Winter has proven once again that he is the one in charge of natural gas prices. A cold blast now entering the Midwest and Northeast, which is moving in until early February (at least), is the reason for a dramatic jump in the NYMEX front-month futures contract price, rising 80.4 cents per MMBtu (26%) in one day, yesterday, to a closing price of $3.9070 MMBtu. It is the largest one-day percentage gain in four years, since January 2022. The price continued climbing this morning (Wednesday) and looks like it might flirt with $5.00! Read More “NYMEX Jumps 26% to $3.91 on Arctic Cold, Largest 1-Day Gain in 4 Yrs”
The Mahoning Valley is entering a “Utica 2.0” era as advanced drilling technologies revitalize oil production in previously dismissed regions of Ohio. While energy companies once abandoned Mahoning and Trumbull counties, record-breaking yields from new wells in Columbiana and Mahoning counties have triggered a surge in leasing and permits. Improvements in horizontal drilling and fracking fluids now allow operators like EOG Resources and Hilcorp to extract significant oil from formations once considered unprofitable. This industrial renaissance, punctuated by EOG’s $5.6 billion acquisition of Encino Acquisition Partners, signals a transformative phase of exploration poised to expand further north in the Utica. 
Infinity Natural Resources, Inc. announced yesterday that it has acquired Chase Oil Corporation’s working interest in Infinity’s South Bend field in Pennsylvania in an all-stock transaction valued at approximately $36 million. The assets are located in Armstrong and Indiana counties. The transaction has an effective date of January 1, 2026, and represents the company’s first use of stock currency to execute its post-IPO growth strategy. Infinity is in the process of buying Antero Resources’ Ohio Utica assets (see 
On Friday, the White House joined with the 13 governors whose states in whole or in part are served by the PJM Interconnection electric grid, the largest grid in the country, to propose a solution that “protects consumers” from soaring electric rates due to the addition of new AI data centers (see 
As MDN reported, on Friday, the Trump administration officials joined several governors from states that are part of the PJM Interconnect grid to outline a broad plan they say will ensure customers of the grid (the country’s largest grid), will not face skyrocketing electric prices due to new AI data centers getting built in the region (see 
OTHER U.S. REGIONS: Glenfarne announces partnership with Danaos to advance Alaska LNG; Massachusetts punts another green promise; The Trump administration favors natural gas – what does that mean for CT?; NATIONAL: EIA expects lower gasoline prices in 2026 and 2027 as crude oil prices fall; DeSmog backfires again – fundraising help for ‘skeptic’ organizations?; INTERNATIONAL: Oil settles higher on black sea supply risks; India is now UAE’s largest customer of LNG; EV-only is collapsing – gas cars are back in the U.S. and Europe.