# Record cold brings a windfall for small U.S. natural gas producers

> Freezing conditions in the US shut down gas processing plants in Texas and cut output at Permian Basin oil wells, while spot gas in Oklahoma reportedly traded at $350 to $395 per MMBtu. Small producers rushed to bring idled wells back online to take advantage of the spike.

- Date: 2021-02-12 · published 2021-02-12T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/5581-record-cold-brings-a-windfall-for-small-u-s-natural-gas-producers
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lost gas and crude output during an extreme cold snap tightens supply just as heating demand peaks, which lifts natural gas and crude prices and raises energy input costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-02-16 | [Some U.S. ethanol producers reduce production to sell natural gas for a profit](https://feedsoft.ai/events/48631-some-u-s-ethanol-producers-reduce-production-to-sell-natural-gas-for-a-profit.md) | -27.6% | -40.0% |
| NATGAS | 2022-01-03 | [U.S. natural gas prices rise as cold freezes wells \| Reuters](https://feedsoft.ai/events/43321-u-s-natural-gas-prices-rise-as-cold-freezes-wells-reuters.md) | +2.6% | +37.9% |
| NATGAS | 2021-10-25 | [U.S. natural gas prices soar 10% as cold winter forecasts develop](https://feedsoft.ai/events/11757-u-s-natural-gas-prices-soar-10-as-cold-winter-forecasts-develop.md) | +5.2% | -4.0% |
| NATGAS | 2021-02-09 | [Natural Gas Traders Unswayed by Record-Breaking Cold Penetrating Lower 48](https://feedsoft.ai/events/5578-natural-gas-traders-unswayed-by-record-breaking-cold-penetrating-lower-48.md) | +90.1% | -15.6% |
| NATGAS | 2018-01-04 | [Blizzard Triggers a 60-Fold Surge in Prices for U.S. Natural Gas - Bloomberg](https://feedsoft.ai/events/4669-blizzard-triggers-a-60-fold-surge-in-prices-for-u-s-natural-gas-bloomberg.md) | -30.1% | -31.8% |
| WTI | 2026-01-23 | [US energy sector braces for winter storm as crude and natural gas output fall \| Reuters](https://feedsoft.ai/events/4761-us-energy-sector-braces-for-winter-storm-as-crude-and-natural-gas-output-fall.md) | +9.6% | +12.3% |
| WTI | 2024-11-11 | [U.S. Natural Gas Prices Jump Over 10% After Hurricane Rafael Hits \| OilPrice.com](https://feedsoft.ai/events/7028-u-s-natural-gas-prices-jump-over-10-after-hurricane-rafael-hits-oilprice-com.md) | -4.8% | -2.9% |
| WTI | 2018-01-05 | [Oil And Gas Run Low As East Coast Sees Record Snowfall \| OilPrice.com](https://feedsoft.ai/events/7025-oil-and-gas-run-low-as-east-coast-sees-record-snowfall-oilprice-com.md) | +2.9% | +5.6% |

## Sources

- worldoil.com: https://www.worldoil.com/news/2021/2/12/record-cold-brings-a-windfall-for-small-u-s-natural-gas-producers/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.