NORTH AMERICAN RIG WATCH
| February 03, 2017
February 3, 2017
Baker Hughes shows 728 active rigs as of February 3, 2017, higher by +17 from the previous week. Oil rigs increased by +17 to 583 (ht: +16; vt-dir: +1), and gas-directed rigs was unchanged from 145 (ht: +1; vt-dir: -1). Horizontal oil rigs increased by +5 in Anadarko (OK), by +5 in Permian (NM), by +3 in Permian (TX), by +2 in Eagle Ford (TX), by +1 in Anadarko (TX) and by +1 in Other, while decreasing by -1 in Bakken (ND). Horizontal gas rigs increased by +1 Fayetteville (AR), while vertical/di.....
EIA NG STORAGE REPORT
| February 02, 2017
February 2, 2017
The EIA reported a -87 bcf withdrawal for the week ending January 26, in line with our estimate of -87 bcf and the Bloomberg median at -87 bcf. Yet, our victory lap was cut short by the regional breakdown. Once again, our models missed the Midwest and South Central inventory changes by a wide margin, overestimating Midwest draws and underestimating South Central call on storage. While deviation from normal weather can play a role (seasonality does play a role in our models), ultimately, thes.....
NGL MARKET RECAP
| February 01, 2017
February 1, 2017
Attached is this week’s NGL Market Recap, which provides an overview of U.S. propane statistics as well as global LPG prices, ratios and fractionation spreads.
U.S. COAL DELIVERIES TO POWER PLANTS
| January 31, 2017
February 2017
Please find attached U.S. Coal Deliveries to Electric Power Plants with data through November 2016. The report contains volume and price data where available.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| January 31, 2017
January 31, 2017
Please find attached data and charts detailing U.S. gas imports and power demand for the week ended January 26, 2017. Total net imports for the reference week averaged -0.56 bcf/d, lower by -0.09 bcf/d week-on-week. During the same week last year, U.S. net imports averaged +2.93 bcf/d. Average natural gas demand in the power sector was 20.4 bcf/d, lower by -0.6 bcf/d week-over-week. During the reference week, the contiguous US observed 95 electric-weighted HDDs, lower by -8 HDDs week over week.....
CFTC COT
| January 30, 2017
Commitments of Traders Report – January 30, 2017
Please find attached data and charts detailing the latest CFTC Commitments of Traders Report for the week ended January 24. We provide all Legacy and Disaggregated trader positions for natural gas, WTI , Brent, gasoline, heating oil and gasoil. Non-commercials increased net length in natural gas and WTI , but decreased in Brent, gasoline, gasoil and heating oil during the reference week. Non-commercials net length in natural gas grew by +4.9k to +386.0k in futures and rose by +10.7k t.....
NORTH AMERICAN RIG WATCH
| January 27, 2017
January 27, 2017
Baker Hughes shows 711 active rigs as of January 27, 2017, higher by +18 from the previous week. Oil rigs increased by +15 to 566 (ht: +17; vt-dir: -2), and gas-directed rigs increased by +3 to 145 (ht: +3; vt-dir: unch). Horizontal oil rigs increased by +7 in Permian (TX), by +4 in Permian (NM), by +3 in Eagle Ford (TX), by +2 in Anadarko (OK), by +1 in Bakken (ND) and by +1 in Bakken (MT), while decreasing by -1 in Other. Horizontal gas rigs increased by +3 in Haynesville (LA), by +2 in Woodfo.....
EIA NG STORAGE REPORT
| January 26, 2017
January 26, 2017
The EIA reported a -119 bcf withdrawal for the week ending January 19, a slightly smaller draw than our estimate of -121 bcf and slightly larger than the Bloomberg median at -117 bcf. Despite a nationwide model output that was in line with the estimate reported by the EIA , our regional breakdown differed significantly from the EIA’s. Last week, most of the miss in our regional breakdown came from Midwest as our model posted -78 bcf vs EIA’s -70 bcf. This week our model underestimated East .....
NGL MARKET RECAP
| January 25, 2017
January 25, 2017
Attached is this week’s NGL Market Recap, which provides an overview of U.S. propane statistics as well as global LPG prices, ratios and fractionation spreads.
U.S. NATURAL GAS TRADE AND POWER SECTOR DEMAND
| January 24, 2017
January 24, 2017
Please find attached data and charts detailing U.S. gas imports and power demand for the week ended January 19, 2017. Total net imports for the reference week averaged -0.47 bcf/d, lower by -0.43 bcf/d week-on-week. During the same week last year, U.S. net imports averaged +3.78 bcf/d. Average natural gas demand in the power sector was 21.2 bcf/d, lower by -4.1 bcf/d week-over-week. During the reference week, the contiguous US observed 103 electric-weighted HDDs, lower by -63 HDDs week over we.....