EIA NG STORAGE REPORT
| July 20, 2017
July 20, 2017
The EIA reported a +28 bcf injection for the week ending July 13th. The number was -5 bcf lower than both our flow model and the Bloomberg median. The two regions that led to our model’s 5 bcf miss were the Midwest and the South Central. In the Midwest, regional balances help explain the stronger than anticipated storage draws: gas power burns were up almost 4 bcf, exports were up 1 bcf and imports were flat week over week, explaining 5 bcf of the 6 bcf drop we saw in that region (our flow m.....
EIA NG STORAGE REPORT
| July 13, 2017
July 13, 2017
Please note our extended U.S. and Canada tables covering the injection season are included in the attachment. The EIA reported a +57 bcf injection for the week ending July 6th. The number was -5 bcf lower than the +61 bcf our flow model had anticipated on Tuesday and -3 bcf below the Bloomberg median. The largest difference between our model’s prediction and the EIA’s number was in the South Central, specifically salt cavern storage withdrawals, where our estimate of a slight withdrawal wa.....
EIA NG STORAGE REPORT
| July 07, 2017
July 7, 2017
The EIA reported a +72 bcf injection for the week ending June 29. The number was 7 bcf higher than the 65 bcf mark our flow model had anticipated on Monday and 6 bcf above the Bloomberg median. The largest difference between our model’s prediction and the EIA’s number was in the Pacific region, where the EIA -reported injections were 5 bcf above what our model anticipated. Gas-fired power burns declined in the Pacific region through the reference week, as the Southern California heat wave s.....
EIA NG STORAGE REPORT
| June 29, 2017
June 29, 2017
The EIA reported a +46 bcf injection for the week ending June 22. The number was -8 bcf below the +54 bcf mark our flow model had anticipated on Tuesday and -6 bcf below the Bloomberg median. Our storage model predicted slightly stronger builds in the Midwest, Mountain and Pacific (higher by 1 bcf each), but most of the overestimate was in the South Central. While our flow model suggested injections should have been flat week-over-week, export and power balances within the South Central show.....
EIA NG STORAGE REPORT
| June 22, 2017
June 22, 2017
The EIA reported a +61 bcf injection for the week ending June 15. The number was +5 bcf above the +56 bcf mark our flow model had anticipated on Tuesday and +6 bcf above the Bloomberg median. The region that deviated the most from the model’s estimate was the Midwest, where injections were stronger than anticipated. Our flow model suggested that injections should have decreased modestly week over week and was supported by the increased power burns and PWCDDS . However injections actually ca.....
EIA NG STORAGE REPORT
| June 15, 2017
June 15, 2017
The EIA reported a +78 bcf injection for the week ending June 8. The number was +9 bcf below the +87 bcf mark our flow model had anticipated on Tuesday and +10 bcf below the Bloomberg median. The two regions where our flow model was off were the Midwest and South Central – both regions injected 5 bcf less than our model had predicted. These two regions have occasionally proven difficult for our flow model to predict due to the lack of reporting from intrastate systems in those regions. Takin.....
EIA NG STORAGE REPORT
| June 08, 2017
June 8, 2017
Please note our extended U.S. and Canada tables covering the injection season are included in the attachment. The EIA reported a +106 bcf injection for the week ending June 1. The number was +2 bcf above the +104 our flow model had anticipated on Tuesday and +7 bcf above the Bloomberg median. Strong production levels and limited demand in the Northeast, combined with the large year over year storage deficit led utilities to play catch-up, with TCO and DOM injecting a record-breaking su.....
EIA NG STORAGE REPORT
| June 01, 2017
June 1, 2017
The EIA reported a +81 bcf injection for the week ending May 25, the number included a reclassification of 4 Bcf of working gas to base gas in the Mountain region, implying the total injection to working gas stocks was actually +85 bcf. The reported number was +8 bcf above what our flow model had anticipated on Tuesday and +4 bcf above the Bloomberg median. The largest difference regionally, excluding the reclassification, was observed in the South Central with injections coming in +8 bcf abov.....
EIA NG STORAGE REPORT
| May 25, 2017
May 25, 2017
The EIA reported a +75 bcf injection for the week ending May 18, +7 bcf above what our flow model had anticipated on Tuesday and +6 bcf above the Bloomberg median. The largest differences were observed in the South Central and East which saw 5 and 3 Bcf injections above our estimates, respectively. The miss in the South Central estimate is likely due in part to the record high receipts from the Northeast in the early part of the week, combined with lower than average deliveries to the Midwes.....
EIA NG STORAGE REPORT
| May 18, 2017
May 18, 2017
The EIA reported a +68 bcf injection for the week ending May 11, +5 bcf above what our flow model had anticipated on Tuesday and +6 bcf above the Bloomberg median. The largest differences were in the Midwest and Mountain which were +5 bcf and +3 bcf higher than our estimates, respectively. Our underestimation of the Midwest is likely due to an overemphasis on the impact of Vector pipeline outage during its second week of restrictions to Dawn and Eastern Michigan. The Vector outage caused a s.....