EIA NG STORAGE REPORT
| July 06, 2018
July 6, 2018
The EIA reported a +78 bcf net change in inventory this week. The injection was in line with our estimate and +3 bcf higher than the Bloomberg median. While our total number matched the EIA this week, the continued strong draws from South Central storage reinforce our comments from last week’s report about export pulls from the South Central – a trend that will likely intensify in next week’s number. Our preliminary estimate for next week’s number is a build in the mid to high-40 bcf range.....
EIA NG STORAGE REPORT
| June 28, 2018
June 28, 2018
The EIA reported a +66 bcf net change in inventory this week. The injection was 1 bcf below our estimate and -6 bcf lower than the Bloomberg median. Our preliminary estimate for next week’s number is a build in the mid 70 bcf range. The large drop in net injections week over week was made even more significant with the upward revision to last week’s inventory level, resulting in net injections falling by 29 bcf/d. The vast majority of the swing this week was regionally felt in the South Ce.....
EIA NG STORAGE REPORT
| June 21, 2018
June 21, 2018
The EIA reported a +91 bcf net change in inventory this week. The injection was +4 bcf higher than our estimate and +5 bcf higher than the Bloomberg median. Our underestimate was mainly in the South Central. Again this week, the South Central managed to maintain strong injections. This trend however is unlikely to continue this coming week with our regional balances becoming much tighter and our survey of salt caverns currently showing a net draw. Our preliminary estimate for next week’s num.....
EIA NG STORAGE REPORT
| June 14, 2018
June 14, 2018
The EIA reported a +96 bcf net change in inventory this week. The injection was 5 bcf higher than our estimate and 6 bcf higher than the Bloomberg median. Our underestimate came almost entirely from South Central non-salts. Our preliminary estimate for next week’s number is a build in the mid-80 bcf range. Increases in fossil fuel burns in the ERCOT during the reference week combined with a slight increase in flows out of the region led us to believe injections in the South Central would.....
EIA NG STORAGE REPORT
| June 07, 2018
June 7, 2018
Please note our extended U.S. and Canada tables covering the injection season are included in the attachment. The EIA reported a +92 bcf net change in inventory this week. The injection was 1 bcf lower than our estimate and 2 bcf higher than the Bloomberg median. Our preliminary estimate for next week’s number is a build in the low-90 bcf range. A rupture on Columbia pipeline today resulted in a 1.3 bcf/d supply loss on the new Leach Xpress pipeline…
EIA NG STORAGE REPORT
| May 31, 2018
May 31, 2018
The EIA reported a +96 bcf net change in inventory this week. The injection was 6 bcf lower than both our estimate and the Bloomberg median. The error in our models mainly came from overestimating injections in the South Central this week. Our preliminary estimate for next week’s number is an injection is in the low to mid-90 bcf range. Today the FERC responded to Rover’s request to bring on Mainline B, Supply Connector B, the Majorsville supply lateral and the Burgettstown supply latera.....
EIA NG STORAGE REPORT
| May 24, 2018
May 24, 2018
The EIA reported a +91 bcf net change in inventory this week. The injection was 4 bcf lower than our estimate and in line with the Bloomberg median. Our models overestimated the injections in the Midwest and South Central, both regions which experienced above seasonal power burns during the reference week. This may suggest our regional balance models are underestimating power burns and overestimating injections, something we will further investigate in the coming week. Our preliminary estima.....
EIA NG STORAGE REPORT
| May 17, 2018
May 17, 2018
The EIA reported a +106 bcf net change in inventory this week. The injection was in line with our estimate and 1 bcf stronger than the Bloomberg median. Regionally our overestimates in the South Central and Mountain were offset by our underestimates in the East and Midwest. A strengthening winter strip in the Rockies hints at market expectations of tighter winter balances…
EIA NG STORAGE REPORT
| May 10, 2018
May 10, 2018
Please note our extended U.S. and Canada tables covering the injection season are included in the attachment. The EIA reported a +89 bcf net change in inventory this week. The injection was 9 bcf weaker than our estimate and 1 bcf weaker than the Bloomberg median. Regionally our largest miss was in the South Central where we overestimated the build by 7 bcf. While some of our overestimate of storage injections in the South Central could have been due to underestimating power burns in the reg.....
EIA NG STORAGE REPORT
| May 03, 2018
May 3, 2018
The EIA reported a +62 bcf net change in inventory this week. The injection was +8 bcf stronger than our estimate and +10 bcf stronger than the Bloomberg median. Our largest misses this week were in the Midwest, East and surprisingly the Pacific. The dramatic shifts in weather during this shoulder season and our underestimates of draws over that last two weeks led us to apply a downward weighting to this week’s estimates for the East and Midwest – a bias which came back to bite us this week......